ACL - Fulfilment of Terms of Subscription Agreement 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”) FULFILMENT OF TERMS OF SUBSCRIPTION AGREEMENT Shareholders are referred to the announcement released on the Stock Exchange News Service of the JSE Limited on 18 November 2016 advising that the B-BBEE Transaction, as defined the Circular to shareholders dated 17 October 2016, was approved at the Special General Meeting held on 18 November 2016. Likamva Resources (Pty) Ltd (“Likamva”), currently the sole shareholder in Amandla We Nsimbi (Pty) Ltd (“Amandla”), undertook to introduce a Broad- Based Party into Amandla as shareholders within 24 months post the implementation of the B-BBEE Transaction, such that an indirect effective shareholding of 5% in the Company by the Broad-Based Party is achieved. Shareholders are advised that The ArcelorMittal Communities Trust, introduced by Likamva as the Broad-Based Party to ultimately benefit communities, was registered by the Master of the High Court on 15 October 2018 (“the Trust”) and has been allocated shareholding in Amandla so that it holds an effective shareholding of 5% in ArcelorMittal South Africa as intended. 16 November 2018 Vanderbijlpark Works For further information please contact: Ms Vuyo Mtawa: 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: 16/11/2018 03:00:00 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.