ARC - Dealings In Securities By Arcelormittal SA ARCELORMITTAL SOUTH AFRICA LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1989/002164/06) Share code: ACL ISIN: ZAE000134961 (“ArcelorMittal South Africa” or “the Company") DEALINGS IN SECURITIES BY ARCELORMITTAL SOUTH AFRICA LIMITED 2014 LONG TERM SHARE INCENTIVE SCHEME In accordance with the terms and conditions of the ArcelorMittal Long Term Incentive Plan 2014 (“LTIP 2014”), a total of 825 725 ArcelorMittal South Africa ordinary shares have been acquired in the open market, on behalf of LTIP 2014 participants, to fulfil share awards granted under LTIP 2014. These ordinary shares are held in trust and are restricted until all vesting conditions are fulfilled whereupon the shares vest. To the extent that the vesting conditions are not fulfilled the share awards are forfeited. The ordinary shares were acquired on-market, with the required clearance in terms of section 3.66 of the JSE Limited Listings Requirements. Details of the transactions are set out in the table below – Class of shares: Ordinary Nature of transaction: Acquired shares in terms of LTIP 2014 Nature of interest: Direct Beneficial Date of transaction: 25 May 2017 LTIP 2014 vesting date 27 May 2017 Vesting period: 3 years Number of shares acquired: 389 124 VWAP: R7.82 Highest price paid: R7.82 Lowest price paid: R7.82 Total value of transaction R3 064 981.39 Date of transaction: 26 May 2017 LTIP 2014 vesting date 27 May 2017 Vesting period: 3 years Number of shares acquired: 108 796 VWAP: R7.61 Highest price paid: R7.61 Lowest price paid: R7.61 Total value of transaction R834 252.71 Date of transaction: 29 May 2017 LTIP 2014 vesting date 27 May 2017 Vesting period: 3 years Number of shares acquired: 10 000 VWAP: R7.8738 Highest price paid: R7.8738 Lowest price paid: R7.8738 Total value of transaction R79 343.04 Date of transaction: 30 May 2017 LTIP 2014 vesting date 27 May 2017 Vesting period: 3 years Number of shares acquired: 317 805 VWAP: R8.0013 Highest price paid: R8.0013 Lowest price paid: R8.0013 Total value of transaction R2 561 404.77 Vanderbijlpark Works 31 May 2017 For further information please contact: Mr Themba Sepotokele Manager: Corporate Communications and Branding Tel: (016) 889 2425 Sponsor to ArcelorMittal South Africa Limited Absa Bank Limited, acting through its Corporate and Investment Banking Division Date: 31/05/2017 04:35:00 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.