ARCELORMITTAL SOUTH AFRICA LIMITED - Appointment of interim Chief Financial Officer

Release Date: 01/08/2018 07:06
Code(s): ACL
 
Wrap Text
Appointment of interim Chief Financial Officer

ArcelorMittal South Africa Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1989/002164/06)
Share Code: ACL ISIN: ZAE000134961
(“Company”)

APPOINTMENT OF INTERIM CHIEF FINANCIAL OFFICER

Following the resignation of Mr Dean Subramanian as Chief Financial Officer (“CFO”) and
executive director of the Company with effect from 31 July 2018, the recruitment process for a
CFO is well advanced.

In compliance with paragraph 3.59(c), read with paragraph 3.84(f) of the Listings Requirements
of the JSE Limited, shareholders are advised that Mr Gerhard Van Zyl, currently a senior
manager in the Finance function, who acted as CFO prior to the appointment of Mr
Subramanian as CFO, will act as CFO until the new CFO is appointed and takes office. The
appointment is effective from 1 August 2018.

The Audit and Risk Committee Members are comfortable that Mr Van Zyl is well qualified and
has the necessary experience and understanding of the steel industry and the Company to
fulfill these roles effectively.

1 August 2018
Vanderbijlpark Works

For further information please contact:
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)

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