ACL - ArcelorMittal South Africa Limited - Lapsed agreement relating to the
acquisition by Arcelormittal South Africa Operations (Pty) Ltd of 100%
shareholding in Imperial Crown Trading 289 (Pty) Ltd
ArcelorMittal South Africa Limited
(Incorporated in the Republic of South Africa)
Registration number: 1989/002164/06
Share code: ACL & ISIN: ZAE000134961
("ArcelorMittal South Africa")
LAPSED AGREEMENT RELATING TO THE ACQUISITION BY ARCELORMITTAL SOUTH AFRICA
OPERATIONS (PTY) LTD ("OPCO") OF 100% SHAREHOLDING IN IMPERIAL CROWN TRADING
289 (PTY) LTD ("ICT")
For the purpose of clarity, shareholders are referred to a voluntary
announcement released on SENS on 10 August 2010, advising that ArcelorMittal
South Africa, through its wholly owned subsidiary OPCO, entered into an
agreement with ICT ("the agreement") for the acquisition of the entire issued
share capital of ICT ("the proposed acquisition"). ICT is the holder of a
prospecting right in relation to a 21.4% undivided share, granted by the
Department of Mineral Resources, over the Sishen iron ore mining area.
The proposed acquisition was subject to the fulfilment of certain conditions
precedent and on 12 August 2011 the agreement lapsed without all the
conditions being fulfilled.
For JSE Limited Listings Requirements purposes, the proposed acquisition was
not a categorised transaction and no related parties were involved.
6 October 2011
Deutsche Securities (SA) (Proprietary) Limited
For further information please contact:
Themba Hlengani - Manager: Corporate Communications
Tel: (016) 889 2425 or 083 440 0158
Date: 06/10/2011 09:20:01 Supplied by www.sharenet.co.za
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