ARCELORMITTAL SOUTH AFRICA LIMITED - Results of the fully underwritten renounceable rights offer

Results of the fully underwritten renounceable rights offer

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”)

RESULTS OF THE FULLY-UNDERWRITTEN RENOUNCEABLE RIGHTS OFFER

ArcelorMittal shareholders (“Shareholders”) are referred to the circular dated 21 December 2015 containing details
of the R4.5 billion fully-underwritten renounceable rights offer (“Rights Offer”).

Shareholders are advised that the Rights Offer closed at 12:00 on Friday, 15 January 2016 and are further advised
that in respect of the 692 307 693 Rights Offer shares which were offered to Shareholders or their renouncees, a
total of 471 604 240 new ArcelorMittal shares, being 68.1% of the Rights Offer, were applied for in terms of the
Rights Offer. Excess applications of 48 377 were received which will be allocated in full as per the applications.

ArcelorMittal Holdings AG has subscribed for its proportional entitlement of the Rights Offer of 342 133 922 shares
amounting to approximately R2.2 billion and, pursuant to its underwriting obligation, will subscribe for a further
220 655 076 new ArcelorMittal shares, amounting to approximately R1.4 billion of the Rights Offer, in terms of the
underwriting agreement entered into with the company.

Dematerialised Shareholders who have subscribed for shares in the Rights Offer will have their accounts debited
and updated with entitlements to the Rights Offer shares by their Central Securities Depository Participant/broker on
Monday, 18 January 2016. Share certificates will be posted to certificated Shareholders who subscribed for shares
in the Rights Offer on or about Monday, 18 January 2016.

Rights Offer shares in respect of successful excess applications will be allocated to the accounts of dematerialised
Shareholders and debited with the monies on Wednesday, 20 January 2016. Share certificates for successful
excess applications will be posted to certificated Shareholders on or about Wednesday, 20 January 2016.

Accordingly, the company will issue 692 307 693 new ArcelorMittal shares in terms of the Rights Offer, resulting in
the total issued share capital of the company increasing to 1 138 059 825 ordinary shares of no par value.
Vanderbijlpark
18 January 2016

Investment bank, corporate advisor and  
transaction sponsor in relation to the Rights Offer

Nedbank Corporate and Investment Banking                                                                                                         www.arcelormittal.com/southafrica

Legal advisor to the Rights Offer
Edward Nathan Sonnenbergs Inc

Sponsor to ArcelorMittal
JP Morgan Equities South Africa Proprietary Limited

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