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ARCELORMITTAL SOUTH AFRICA LIMITED - Voluntary update to shareholders : ArcelorMittal South Africa to provide its environmental master plan to NGO

Release Date: 02/12/2014 09:00
Code(s): ACL     PDF:  
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Voluntary update to shareholders : ArcelorMittal South Africa to provide its environmental master plan to NGO

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”)


VOLUNTARY UPDATE TO SHAREHOLDERS : ARCELORMITTAL SOUTH AFRICA TO
PROVIDE ITS ENVIRONMENTAL MASTER PLAN TO NGO

Following a judgement by the Supreme Court of Appeals (SCA) on 26
November 2014, which ruled that ArcelorMittal South Africa must
provide its historical Environmental Master Plan to the Vaal
Environment Justice Alliance (VEJA), the company has today announced
that it respects the SCA’s ruling and will not challenge this
decision in the Constitutional Court.

The document will be handed-over to VEJA within the stipulated 14-
day period.

ArcelorMittal South Africa’s CEO, Paul O’Flaherty commented: “The
SCA’s decision will be respected and the Master Plan will be
delivered within the court-stipulated timeline. We are steadfast in
our belief that we have not veered from our principle of
rehabilitating our environment to the best of our ability. In the
last five years, we have spent more than R1.6 billion on numerous
environmental projects, including the Vereeniging Dust Extraction
facility and the Vanderbijlpark Sinter Bag House, while we remain
committed to achieving high standards of water management and the
recovery thereof.”

ArcelorMittal South Africa is well aware that steel-making, as a
large, resource-intensive industry, has a substantial impact on the
local community. The Company acknowledges that it has a significant
presence in the communities where its plants are located and which
contribute to the socio-economic impact, including:

-   Being part of the broader “economic growth engine”;
-   Being an employer, job creator and skills developer;
-   Being a contributor to local community development;
-   Being an enabler of South Africa’s infrastructural development
    through the supply of steel; and
-   Being a catalyst for change in South Africa.

ArcelorMittal South Africa continues to engage proactively with NGOs
and local communities at all its operational locations. The Company
fully recognises the need for strong community relationships and is
continuously working to improve community engagement.

The detailed media release can be found at: www.arcelormittalsa.com

2 December 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

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