Trading Statement ArcelorMittal South Africa Limited (Incorporated in the Republic of South Africa) (Registration Number 1989/002164/06) Share code: ACL ISIN: ZAE000134961 (“ArcelorMittal South Africa “, “the Company” or “Group”) TRADING STATEMENT In terms of paragraph 3.4(b) (i) of the Listings Requirements of the Johannesburg Stock Exchange Limited (“JSE”), companies are required to publish a trading statement as soon as they become reasonably certain that their financial results for the period to be reported on next will differ by more than 20% from the financial results of the previous corresponding period or from a profit forecast previously provided to the market in relation to such a period. Shareholders are advised that ArcelorMittal South Africa is finalising its reviewed condensed consolidated financial statements for the six months ended 30 June 2018. It should be noted that the loss per share is expected to decrease from 203 cents per share to a loss within a range of 142 and 152 cents per share (30% and 25% change) when compared to the prior year. The loss per share includes a fair value adjustment on the reclassification of the equity accounted investment in Macsteel to an asset held for sale. The headline loss per share is expected to decrease from 148 cents per share to a headline profit per share within a range of 1 and 9 cents per share (101% and 106% change), when compared to the prior year. The financial information on which this trading statement is based has not been reviewed or audited by the Company’s external auditors. The Group’s reviewed condensed consolidated financial statements for the six months ended 30 June 2018 will be released on the Stock Exchange News Service of the JSE on 1st August 2018 with a presentation in Johannesburg on the same day. The presentation will be available for all stakeholders on the Group’s website at www.southafrica.arcelormittal.com Vanderbijlpark 20 July 2018 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) Date: 19/07/2018 11:00:00 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.
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