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ARCELORMITTAL SOUTH AFRICA LIMITED - Appointment of non-executive director

Release Date: 30/11/2016 13:20
Code(s): ACL     PDF:  
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Appointment of non-executive director

ArcelorMittal South Africa Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1989/002164/06)
Share Code: ACL
ISIN: ZAE000134961
(“ArcelorMittal South Africa”)


APPOINTMENT OF NON-EXECUTIVE DIRECTOR


In   compliance with paragraph 3.59 (a)of the   Listings
Requirements of the JSE Limited, shareholders are advised that
in terms of section 26.5 of the company’s Memorandum   of
Incorporation the board of directors (Board) has approved the
appointment of Ms Noluthando P Gosa as a non-executive
director of the Board with effect from 01 December 2016.


Ms Gosa was a member of the National Planning Commission that
crafted the National Development Plan and Vision 2030. She holds
an MBA from the University of New Brunswick, Canada, a BA Hons
(Commns)from the University of Fort Hare and several other post-
graduation qualifications in business administration. Before her
entrepreneurial interests which started in 2004, Ms Gosa was a
sell side Investment Analyst with Investec Bank. Prior to
investment banking, she was one of the founding regulators of
the then SA Telecommunications Regulatory Authority (now ICASA).


In addition to being Chairperson and one of the founding members
of Likamva Resources, ArcelorMittal South Africa’s B-BBEE
partner and 17% shareholder, she is also the current CEO and
founder of Akhona Group and an independent non-executive
director of Investec Asset Management (Pty) Ltd and Hulisani
(Pty) Ltd. She has also sat on the Boards of other blue chip
companies like Broll Property Group Pty Ltd and AON South Africa
Pty Ltd.


Ms Gosa is well qualified and has the necessary experience to
effectively discharge her duties as a non-executive director
of ArcelorMittal South Africa Limited. Her strong background
in economic regulation and the policy environment is just some
of the strengths she will bring to the Board.


The board congratulates her on her appointment and looks
forward to her contribution.




30 November 2016
Vanderbijlpark Works


Sponsor to ArcelorMittal South Africa Limited
J.P. Morgan Equities South Africa Pty Ltd


For further information please contact:
Mr Themba Sepotokele
Manager: Corporate Communications, Corporate Affairs
Tel: (016) 889 2425

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