ACL - ARCELORMITTAL - Arcelormittal BEE transaction ("AMSA BEE Transaction"):

ACL - ARCELORMITTAL - Arcelormittal BEE transaction ("AMSA BEE Transaction"):   
Renewal of cautionary announcement                                              
ARCELORMITTAL SOUTH AFRICA LIMITED                                              
(Incorporated in the Republic of South Africa)                                  
(Registration Number 1989/002164/06)                                            
Share code: ACL                                                                 
ISIN: ZAE000134961                                                              
("ArcelorMittal South Africa")                                                  
ARCELORMITTAL SOUTH AFRICA BEE TRANSACTION ("AMSA BEE TRANSACTION"): RENEWAL OF 
CAUTIONARY ANNOUNCEMENT                                                         
Shareholders of ArcelorMittal South Africa ("Shareholders") are referred to the 
announcement released on SENS on 10 August 2010 and published in the South      
African press on 11 August 2010, informing Shareholders that ArcelorMittal South
Africa has entered into a Subscription and Shareholders` Agreement, to give     
effect to the AMSA BEE Transaction; and to the renewal of cautionary            
announcement released on SENS on 30 August 2010 and published in the press on 31
August 2010.                                                                    
ArcelorMittal South Africa`s consideration of matters relevant to the AMSA BEE  
Transaction is ongoing, and satisfaction of the conditions precedent remain     
outstanding.                                                                    
A further announcement advising the expected date for disclosure of the pro     
forma financial effects of the AMSA BEE Transaction and containing an amended   
timetable for the related circular process, will be made in due course.         
Accordingly, Shareholders are advised to continue exercising caution when       
dealing in ArcelorMittal South Africa securities, until such further            
announcement is made.                                                           
Vanderbijlpark                                                                  
Thursday 21 October 2010                                                        
For further information please contact:                                         
Themba Hlengani - Manager Corporate Communications                              
Tel: (016) 889 2425 or 083 440 0158                                             
Sponsor                                                                         
Deutsche Securities (SA) (Proprietary) Limited                                  
Legal Advisors                                                                  
Werksmans Attorneys                                                             
Date: 21/10/2010 13:13:01 Supplied by www.sharenet.co.za                     
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