ACL - ArcelorMittal South Africa confirms payment to Competition Commission 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”)) ARCELORMITTAL SOUTH AFRICA CONFIRMS PAYMENT TO COMPETITION COMMISSION In accordance with the terms of the agreement signed with the Competition Commission of South Africa (“the Commission”) in August 2016, the Company is set to pay an amount of R1.5 billion over five years, in instalments of no less than R300 million per annum. The first instalment was due on 16 November 2017. Shareholders are advised that ArcelorMittal South Africa has subsequently reached an agreement with the Commission, subject to confirmation by the Competition Tribunal, to divide the 2017 payment into three separate tranches of R100 million each. The Commission has taken into account the Company’s financial position, resulting from the tough trading conditions in the global and local steel industries, in considering this amendment. The revised payment terms apply only to the first year of the agreement and the next two instalments will be made on 1 April 2018 and 1 July 2018. Thereafter, the instalments will remain as agreed. ArcelorMittal South Africa is firmly committed to the long-term sustainability of the South African steel industry and is extremely encouraged by the support provided by Government to the steel industry to ensure that it can continue to contribute to economic growth in South Africa. 18 December 2017 Vanderbijlpark Works For further information please contact: Mr Hennie Vermeulen Group Manager: Corporate Communications Tel: (016) 889 2352 Sponsor to ArcelorMittal South Africa Limited Absa Bank Limited (acting through its Corporate and Investment Banking division) Date: 18/12/2017 02:00:00 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.