Cautionary announcement ArcelorMittal South Africa Limited (Incorporated in the Republic of South Africa) (Registration Number 1989/002164/06) Share Code: ACL ISIN: ZAE000134961 (“ArcelorMittal South Africa”) CAUTIONARY ANNOUNCEMENT PROPOSED BROAD BASED BLACK ECONOMIC EMPOWERMENT (B-BBEE) TRANSACTION Shareholders are advised that the ArcelorMittal South Africa board of directors (Board) has on the 30 September 2015 approved the commencement of a process to initiate a B-BBEE Transaction. KPMG has been retained to advise on the proposed B-BBEE Transaction and, in terms of its mandate, KPMG will be engaging with a number of potential B-BBEE investors with a view to concluding a transaction. The full impact of the transaction has not been determined but if successfully concluded the transaction may have a material effect on the price of the company’s shares. Shareholders are accordingly advised to exercise caution when dealing in the company’s shares until a full announcement is made. 30 September 2015 JOHANNESBURG Transaction Sponsor KPMG Services (Pty) Limited Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd For further information please contact: Themba Nkosi General Manager: Human Resources, Transformation and Communication Tel: (016) 889 2996 Date: 30/09/2015 02:41:00 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.