ARCELORMITTAL SOUTH AFRICA LIMITED - Further Cautionary Announcement

Further Cautionary Announcement

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")


FURTHER CAUTIONARY ANNOUNCEMENT


Shareholders are referred to the various cautionary announcements released on the Stock Exchange
News Service of the JSE Limited, the most recent of which was released on 17 December 2025.

Shareholders should note that: (i) ArcelorMittal South Africa, ArcelorMittal Group, and the Industrial
Development Corporation SOC Limited are engaged in advanced discussions to find a sustainable
solution based on a non-binding term sheet regarding a potential transaction;(ii) these discussions
remain subject to definitive agreements and multiple approvals;(iii) and there is no certainty that any
transaction will be concluded.

Further announcements will be made in relation to these matters as and when appropriate.

Accordingly, shareholders are advised to continue to exercise caution when dealing in the
Company's securities until a further announcement is made.

The board of directors of ArcelorMittal South Africa collectively and individually accepts responsibility for
the information contained in this further cautionary announcement insofar as it relates to the Company.



Vanderbijlpark

22 January 2026

For further information please contact:
Tami Didiza: Manager: Corporate Communications
Tel: (016) 889 2549/ (016) 889 4100

Company Secretary
FluidRock Co Sec (Pty) Ltd
Tel: (016) 889 4077

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

Date: 22-01-2026 10:06:00
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