ARCELORMITTAL SOUTH AFRICA LIMITED - Appointment of non-executive directors and board committee changes

Appointment of non-executive directors and board committee changes

ArcelorMittal South Africa Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1989/002164/06)
Share Code: ACL
ISIN: ZAE000134961
(“ArcelorMittal South Africa”)


APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTORS AND BOARD
COMMITTEE CHANGES


In compliance with paragraph 3.59 (a) of the Listings
Requirements of the JSE Limited, shareholders are advised that
in terms of section 26.5 of the company’s Memorandum of
Incorporation the board of directors (Board) has approved the
appointment of Mr Neville Nicolau as an independent non-
executive director of the Board with effect from 10 September
2015 and Ms Lungile “Zee” Cele as an independent non-executive
director of the Board with effect from 04 January 2016.


Mr Nicolau holds a BTech in Mining Engineering from the
University of Johannesburg and an MBA from the University of
Cape Town’s Graduate School of Business. He is currently the
CEO of Basil Read Holdings and has a long history at Anglo
American at which he was the COO and executive director of
Anglo Gold Ashanti, he was also the CEO at Anglo American
Platinum. He has over 35 years working experience in the
mining sector which includes holding various technical,
management and executive positions.


Ms Cele holds a BCom degree from the University of Fort Hare
and various post-graduate tax qualifications from the
University of Natal, including a Master of Accountancy
(M.Acc.) degree. She is the founder and was the Chief
Executive of Tax Solutions CC prior to its merger with Garach
and Garach Accountants in 2011. Ms Cele currently holds
various board memberships, including Hulamin Limited. She
brings a wealth of commercial and tax expertise to the Board.
Both Mr Nicolau and Ms Cele are well qualified and have the
necessary experience and understanding of the steel industry
to effectively discharge their duties as non-executive
directors of ArcelorMittal South Africa Limited.


The board congratulates them on their appointment and looks
forward to their contributions.


Board Committee changes


Ms Fran Du Plessis’ resignation from the Board on 22 July 2015
necessitated the appointment of a new Chairperson for
ArcelorMittal’s Safety Health and Environmental (“SHE”)
Committee and created a vacancy in the Company’s Audit and
Risk Committee (“ARC”) which is required to have 3 members in
terms of section 94(2) of the Companies’ Act. In this regard,
the Board has approved the following appointments and changes
to the Board Committees:


  1. Mr Neville Nicolau is appointed as an independent non-
     executive director of the Company and as a Member and
     Chairperson of the Company’s SHE Committee with effect
     from 10 September 2015;
  2. Mr Jacob Modise is appointed as a Member of the Audit and
     Risk Committee with effect from 10 September 2015; and
  3. Ms Lungile “Zee” Cele is appointed as an independent non-
     executive director of the Company with effect from 04
     January 2016.




10 Sep 2015
Vanderbijlpark Works


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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