NOTICE OF SUBMISSION OF PROPOSED SPECIAL RESOLUTION TO THE SHAREHOLDERS IN TERMS OF SECTION 66(9) OF THE ACT ArcelorMittal South Africa Limited (Incorporated in the Republic of South Africa) (Registration number: 1989/002164/06) Share code: ACL ISIN: ZAE000134961 (“ArcelorMittal South Africa” or “the Company”) NOTICE OF SUBMISSION OF PROPOSED SPECIAL RESOLUTION TO THE SHAREHOLDERS OF ARCELORMITTAL SOUTH AFRICA IN TERMS OF SECTION 66(9) OF THE COMPANIES ACT, 71 OF 2008, AS AMENDED ("ACT") PROPOSED TO BE ADOPTED IN TERMS OF SECTION 60 OF THE ACT Shareholders are notified that the board of directors of the Company has resolved to propose that the shareholders of the Company consider a special resolution in terms of section 66(9) of the Act by written consent in terms of section 60 of the Act (“the Special Resolution”). The Special Resolution pertains to the approval of the remuneration which the Company wishes to pay its non-executive directors for their services as directors of the Company, as required by section 66(9) of the Act, with effect from 1 May 2012. The notice of this Special Resolution will be distributed to ordinary shareholders of the Company today, Wednesday 1 August 2012 and will also be available to be viewed on the company’s website. The record date for the purpose of voting on this Special Resolution (being the date on which an ordinary shareholder must be registered in the Company’s register of shareholders in order to vote on the Special Resolution) shall be Friday, 31 August 2012. The salient dates to be considered are as follows: Record date in order to receive the form of Friday 27 July 2012 written consent Last day to trade in order to be eligible to Friday 24 August vote 2012 Record date for determining which ordinary Friday 31 August shareholders will be entitled to vote 2012 Date ordinary shareholders vote and/or form Thursday 6 of written consent, where applicable, to be September 2012 received by the transfer secretaries by 12h00 Vanderbijlpark 1 August 2012 Sponsor Deutsche Securities (SA) Proprietary Limited Date: 01/08/2012 11:53:00 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.