ARCELORMITTAL SOUTH AFRICA LIMITED - ACL - Circular and Notice of General Meeting

Release Date: 28/08/2018 08:52
Code(s): ACL
 
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ACL - Circular and Notice of General Meeting

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

CIRCULAR AND NOTICE OF GENERAL MEETING REGARDING THE SALE BY THE COMPANY
OF AN INDIRECT 50% INTEREST IN MACSTEEL INTERNATIONAL HOLDINGS BV TO A
SUBSIDIARY COMPANY OF MACSTEEL HOLDINGS LUXEMBOURG SARL FOR CASH OF
US$220 MILLION (“the Sale”)

Introduction

Further to the announcement released on Monday, 28 May 2018 regarding the Sale, ArcelorMittal
shareholders are hereby advised that a circular (“the Circular”) containing full details of the Sale and
incorporating a notice convening a general meeting of the Company’s shareholders (“General Meeting”)
for purposes of considering the resolutions necessary to approve the Sale, is being distributed today,
Tuesday, 28 August 2018, to all shareholders of the Company registered as such as at Friday, 17
August 2018.          The Circular is also available on the Company’s website, namely,
https://arcelormittalsa.com/InvestorRelations/Shareholders.aspx.

Notice of the General Meeting

Notice is hereby given that the General Meeting will be held at the Company’s Registered Offices,
Vanderbijlpark Works, Room N3-5, Main Building, Delfos Boulevard, Vanderbijlpark, 1911, South Africa
on Thursday, 27 September 2018 at 09:30, to consider, and, if deemed fit, to approve with or without
modification, the resolutions in regard to the Sale to be considered thereat, which resolutions are
contained in the Circular.

As regards the General Meeting, the directors of the Company have determined that, in terms of section
62(3)(a), as read with section 59(1) of the South African Companies Act (Act No. 71 of 2008), as
amended (“Companies Act”), the record date for purposes of determining which shareholders of the
Company will be entitled to participate in and vote at the General Meeting as being Friday, 21
September 2018. Accordingly, the last day to trade in the shares of the Company in order to be
recorded in the Company’s share register to be entitled to participate in and vote at the General Meeting
will be Tuesday, 18 September 2018.

Shareholders should note that, in terms of section 63(1) of the Companies Act, any person wishing to
participate in the General Meeting will be required to provide identification reasonably satisfactory to
the chairperson of the General Meeting before such person may attend or participate in the General
Meeting. Forms of identification include the presentation of a valid identity document, driver’s licence
or passport.

28 August 2018
Vanderbijlpark Works

For further information please contact:
Mr Hennie Vermeulen
Group Manager: Corporate Communications
Tel: (016) 889 235214

Transaction Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd.

Continuing Sponsor
Absa Bank (acting through its Corporate and Investment and Banking division)

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