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ARCELORMITTAL SOUTH AFRICA LIMITED - ArcelorMittal fully-underwritten renounceable rights offer - finalisation announcement - summary of terms

Release Date: 11/12/2015 16:34
Code(s): ACL     PDF:  
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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.

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