Notification of an acquisition of a beneficial interest in securities ARCELORMITTAL SOUTH AFRICA LIMITED (Incorporated in the Republic of South Africa) (Registration number 1989/002164/06) Share code on the JSE: ACL ISIN:ZAE000134961 ("ArcelorMittal" or "the Company") TRP121: NOTIFICATION OF AN ACQUISITION OF A BENEFICIAL INTEREST IN SECURITIES In compliance with Section 122(3)(b) of the Companies Act, No. 71 of 2008 (“Act”) and regulation 121(2)(b) of the Companies Act Regulations, 2011, shareholders are advised that ArcelorMittal South Africa has received the following notifications: - the acquisition, by way of subscription, by Amandla We Nsimbi(Pty) Ltd(“B-BBEE CO”), on 7 December 2016, of 243 240 276 “A1” ordinary shares, such that B-BBEE CO has the beneficial interest of all the “A1” ordinary shares in the issued capital of the Company; - the acquisition, by way of subscription, by The Isabelo Employee Share Trust (previously called the ArcelorMittal Employee Empowerment Share Trust)(“The Isabelo Trust”), on 7 December 2016, of 72 972 083 “A2” ordinary shares, such that The Isabelo Trust has the beneficial interest of all the “A2” ordinary shares in the issued capital of the Company. The above acquisition notification is as a result of the implementation of the Company’s B-BBEE Ownership Transaction. 09 December 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, Branding and Social Media Tel: (016) 889 2425 Date: 09/12/2016 02:37:00 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.