ACL - Changes to the Board 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”) CHANGES TO THE BOARD In compliance with paragraph 3.59(b) of the Listings Requirements of the JSE Limited, shareholders are advised that Mr Wim de Klerk has informed the ArcelorMittal South Africa board of directors (Board) of his wish to retire as the Chief Executive Officer (CEO) and an executive director. The Board has duly considered his request and it has been agreed that he will step down as the CEO and an executive director of ArcelorMittal South Africa with effect from 31 January 2018. The Board will immediately implement a process to identify a suitable successor. In the meantime, and until his departure, Mr De Klerk will continue to work on implementing various initiatives within the Company and assist in ensuring a smooth transition. The Chairman of the Board, Mr Mpho Makwana, expressed the Board's full appreciation and thanks to Mr De Klerk. "On behalf of the Board, we would like to thank Wim for his leadership of the company during this challenging period. We have made some important progress, notably with regard to the implementation of safeguards on some products to support the sustainability of the domestic industry. Challenges remain and we will commence with a search to appoint a new CEO who can continue to implement our strategy and structurally improve the performance of the business." Lakshmi Mittal, Chairman and CEO of ArcelorMittal, said, "I would also like to thank Wim for his efforts and commitment. ArcelorMittal remains fully committed to the South African business, which is integral to our strategy for the African continent." 24 October 2017 Vanderbijlpark Works Sponsor to ArcelorMittal South Africa Absa Bank Limited (acting through its Corporate and Investment Banking division) For further information please contact: Hennie Vermeulen Corporate Communications Tel: (016) 889 2352 Date: 24/10/2017 10:13:00 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.