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ACL - ArcelorMittal South Africa Limited - Renewal of cautionary announcement:

Release Date: 17/05/2011 15:00
Code(s): ACL
Wrap Text

ACL - ArcelorMittal South Africa Limited - Renewal of cautionary announcement: Sishen Iron Ore Company Limited ArcelorMittal South Africa Limited (Incorporated in the Republic of South Africa) Registration number: 1989/002164/06 Share code: ACL & ISIN: ZAE000134961 ("ArcelorMittal South Africa") RENEWAL OF CAUTIONARY ANNOUNCEMENT: SISHEN IRON ORE COMPANY LIMITED ("SIOC") Shareholders are referred to the announcements from ArcelorMittal South Africa relating to SIOC dated 22 July 2010 where it was announced that an interim pricing arrangement has been reached between SIOC and ArcelorMittal South Africa for the period from 1 March 2010 to 31 July 2011 and the renewal cautionary announcements dated 30 August 2010, 21 October 2010, 2 December 2010, 19 January 2011 and 25 March 2011. Shareholders are advised that ArcelorMittal South Africa and SIOC have agreed to an addendum which extends the interim agreement on the same terms and conditions for another 12 months to endure to 31 July 2012 to allow for the arbitration proceedings between the two companies anticipated to take place in the first half of 2012. In terms of the extended interim supply agreement, the volume of iron ore to be supplied to ArcelorMittal South Africa remain the same as that provided for in the current interim agreement as does the price of the iron ore to be supplied, being US$70 per ton for iron ore despatched to ArcelorMittal South Africa`s inland steel mills and US$50 per ton for iron ore despatched to ArcelorMittal South Africa`s Saldanha Steel facility. Shareholders are advised to continue exercising caution when dealing in ArcelorMittal South Africa securities, until a further announcement is made. Vanderbijlpark Tuesday 17 May 2011 Sponsor Deutsche Securities (SA) (Proprietary) Limited For further information please contact: Themba Hlengani - Manager: Corporate Communications Tel: (016) 889 2425 or 083 440 0158 Date: 17/05/2011 15:00:14 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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