SISHEN IRON ORE COMPANY PROPRIETARY LIMITED (“SIOC”) SUPPLY AGREEMENT 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") SISHEN IRON ORE COMPANY PROPRIETARY LIMITED (“SIOC”) SUPPLY AGREEMENT Shareholders are referred to the announcement released on SENS on 1 August 2012 advising that negotiations with SIOC on the extension of the interim pricing agreement between ArcelorMittal South Africa and SIOC (which expired on 31 July 2012) were continuing as the parties had not yet reached agreement. Shareholders are advised that after extensive negotiations, it has been agreed that SIOC will sell to ArcelorMittal South Africa a maximum amount of 1.5 million tonnes of iron ore from Sishen Mine until 31 December 2012, on materially the same terms and conditions as applied under the extended interim pricing agreement. This supply for the remainder of 2012 will be in full and final settlement of any claimed entitlement by ArcelorMittal South Africa to Shortfall tonnage incurred during the currency of the Interim Supply Agreement concluded in 2010 and as extended in May 2011. Shareholders are further advised that SIOC and the Company are continuing to engage with one another, with the assistance of a mediator who is to be facilitated by the Department of Trade and Industry, for the continued supply of iron ore after 31 December 2012 and until the finalisation of the arbitration between the parties regarding the status of the 2011 Sishen Supply Agreement. Shareholders will be kept informed of any further developments. 23 August 2012 Vanderbijlpark 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: 23/08/2012 09:00:00 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.