ArcelorMittal fully-underwritten renounceable rights offer - finalisation announcement - summary of terms ArcelorMittal South Africa Limited (Incorporated in the Republic of South Africa) Registration number: 1989/002164/06 Share code: ACL ISIN: ZAE000134961 (“ArcelorMittal” or “the Company”) ARCELORMITTAL FULLY-UNDERWRITTEN RENOUNCEABLE RIGHTS OFFER - FINALISATION ANNOUNCEMENT – SUMMARY OF TERMS Shareholders are referred to the SENS announcement released earlier on 11 December 2015 setting out the finalisation information including salient dates and times for the R4.5 billion fully-underwritten renounceable rights offer (“Rights Offer”). Below is a summary of the relevant details of the rights offer: - Fully underwritten Rights Offer of R4.5 billion; - 692,307,693 Rights Offer shares to be issued; - Issue price of R6.50 per Rights Offer share; - Ratio of 163.93544 Rights Offer shares for every 100 ArcelorMittal shares held in the register at the close of business on the record date for the Rights Offer on Thursday, 24 December 2015; - Issue price of R6.50 per share represents a 37% discount to the 30-day volume weighted average price (“VWAP”) of the ArcelorMittal share on 5 November 2015 of R10.31 and 17% to the 30-day VWAP on 20 November 2015 of R7.80. Vanderbijlpark 11 December 2015 Investment bank, corporate advisor and transaction sponsor in relation to the Rights Offer Nedbank Corporate and Investment Banking Legal advisor to the Rights Offer Edward Nathan Sonnenbergs Inc. Date: 11/12/2015 04:34:00 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.