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ARCELORMITTAL SOUTH AFRICA LIMITED - Trading statement

Release Date: 06/02/2017 09:01
Code(s): ACL     PDF:  
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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

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