Trading statement ArcelorMittal South Africa Limited (Incorporated in the Republic of South Africa) (Registration Number 1989/002164/06) Share code: ACL ISIN: ZAE 000134961 (“ArcelorMittal South Africa “, “the Company” or “Group”) TRADING STATEMENT In terms of paragraph 3.4(b) (i) of the Listings Requirements of the Johannesburg Stock Exchange, listed companies are required to publish a trading statement as soon as they become reasonably certain that their financial results for the period to be reported on next will differ by more than 20% from the financial results of the previous corresponding period or from a profit forecast previously provided to the market in relation to such a period. The loss per share is expected to decrease from 2 152 cents to a loss within a range of 438 and 448 cents per share (80% and 79% change). The headline loss per share is also expected to decrease from 1 338 cents to a headline loss per share within a range of 239 and 249 cents a share (82% and 81% change). The improvement was primarily due to non - recurrence of the once off items in 2015 totaling R2 558 million (consisting mainly of the Competition Commission penalty, closure of Thabazimbi mine and the derecognised payment in advance) and impairment of R4 254 million (consisting mainly of Saldanha and the Vaal Melt shop in Vereeniging) as well as higher steel sales prices and sustainable cost improvements achieved in 2016. The financial information on which this trading statement is based has not been reviewed or reported on by the Company’s external auditors. Vanderbijlpark 6 February 2017 Sponsor to ArcelorMittal South Africa Limited J.P. Morgan Equities South Africa Pty Ltd For further information please contact: Themba Sepotokele Manager: Corporate Communications and Branding Tel: (016) 889 2425 Date: 06/02/2017 09:01:00 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.