Posting of circular relating to the proposed Broad-Based Black Empowerment Transaction ArcelorMittal South Africa Limited (Incorporated in the Republic of South Africa) Registration number: 1989/002164/06 Share code: ACL ISIN: ZAE000134961 (“AMSA” or “the Company”) POSTING OF CIRCULAR RELATING TO THE PROPOSED BROAD-BASED BLACK ECONOMIC EMPOWERMENT TRANSACTION (“B-BBEE TRANSACTION”) Shareholders were advised in an announcement released on the Stock Exchange News Service (“SENS”) on 28 September 2016 that AMSA had entered into agreements to implement a B-BBEE Transaction as part of its key transformation initiatives. Shareholders are advised that a circular, setting out, inter alia, the terms of the B-BBEE Transaction and incorporating the notice of General Meeting convening a Special General Meeting of AMSA shareholders (“General Meeting”) in order to consider and, if deemed appropriate, to pass the ordinary and special resolutions to authorise and implement the B-BBEE Transaction, will be posted to shareholders today, 17 October 2016. The circular is available electronically at www.arcelormittalsa.com. The salient dates with regards to the General Meeting, also contained in the circular, are set out below: 2016 Record date to receive circular and Friday, 7 October Notice of General Meeting Circular and Notice of General Meeting posted to AMSA shareholders Monday, 17 October and announced on SENS on Last day to trade to be eligible to Tuesday, 8 November vote at the General Meeting Record date to be eligible to vote Friday, 11 November at the General Meeting Forms of proxy of General Meeting to Wednesday, 16 November be received by no later than 09h00 on General Meeting to be held at 09h00 Friday, 18 November on Results of the General Meeting Friday, 18 November released on SENS on Vanderbijlpark 17 October 2016 Corporate advisor, transaction sponsor and legal advisor in relation to the B-BBEE Transaction KPMG Services Proprietary Limited Sponsor to ArcelorMittal South Africa Limited J.P. Morgan Equities South Africa Pty Ltd Date: 17/10/2016 01:49:00 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.