Notification in terms of Section 122(3) of the Companies Act and Section 3.83(b) of the JSE Listings Requirements 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”) NOTIFICATION IN TERMS OF SECTION 122(3) OF THE COMPANIES ACT AND SECTION 3.83(b) OF THE JSE LISTINGS REQUIREMENTS In accordance with Section 122(3)(b) of the Companies Act, 71 of 2008, Regulation 121(2)(b) of Companies Act Regulations and Section 3.83(b) of the JSE Listing Requirements, shareholders are advised that ArcelorMittal South Africa has received notification from Investec Asset Management Holdings (Pty) Ltd on behalf of segregated clients (“Investec Asset Management”) on the increase of their direct beneficial interest in the ordinary shares of the Company (“securities”) such that Investec Asset Management’s beneficial interests of the securities of the Company has increased from 9,9477% to 10.1578% As required in terms of section 122(3)(a) of the Companies Act, ArcelorMittal South Africa has filed the required notice with the Takeover Regulation Panel. 28 November 2014 Sponsor to ArcelorMittal South Africa Limited J.P. Morgan Equities South Africa Pty Ltd For further information please contact: Kesebone Maema Manager: Corporate Communications, Corporate Affairs Tel: (016) 889 2425 Date: 28/11/2014 11:30:00 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.