Iron Ore Supply Agreement between ArcelorMittal South Africa and Sishen Iron Ore Company Proprietary 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”) IRON ORE SUPPLY AGREEMENT BETWEEN ARCELORMITTAL SOUTH AFRICA AND SISHEN IRON ORE COMPANY PROPRIETARY LIMITED (“SIOC”) Shareholders are referred to the announcement released on SENS on 16 October 2012 advising shareholders that ArcelorMittal South Africa and SIOC were engaged in negotiations with regards to iron ore supply to ArcelorMittal South Africa for the period from 1 January 2013 until the finalisation of the arbitration between the parties. Shareholders are advised that an agreement has been reached between the parties to govern the terms and conditions on which SIOC will sell iron ore to ArcelorMittal South Africa from the Sishen Mine with effect from 1 January 2013 (“the new interim pricing agreement”). The key terms of the new interim pricing agreement are as follows: - SIOC will supply a maximum annual volume of 4.8 million tonnes of iron ore to ArcelorMittal South Africa at a weighted average price of US$65 per tonne (calculated on a FOR ex Sishen Mine gate basis); - the other terms and conditions will be materially the same as those which were contained in the extended interim pricing agreement which had been agreed for the period 1 August 2012 to 31 December 2012 (“the extended interim pricing agreement”); and - the new interim pricing agreement will endure for a period of 12 months until 31 December 2013 or until the conclusion of the legal processes in relation to the 2001 Sishen Supply Agreement (whichever is sooner). Shareholders will be informed of further developments in this regard. 13 December 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: 13/12/2012 04:00:00 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.