ACL - Unaudited operational information for the quarter ended 30 September 2018 ArcelorMittal South Africa Limited (Incorporated in the Republic of South Africa) (Registration number 1989/002164/06) Share code: ACL ISIN: ZAE 000134961 (ArcelorMittal South Africa, the company or the group) Unaudited operational information for the quarter ended 30 September 2018 Salient features - Lost time injury frequency rate (LTIFR) improved from 0.27 to 0.18 at the end of Q3 2018 - Domestic demand remains weak - Volatility in the rand/US dollar exchange rate continues to impact the business significantly - Liquid steel production up 5% - Local sales up 3% - Export sales up 6% Operational information Quarter ended 30 Sept 30 Sept % 2018 2017 change Liquid steel production 1 299 1 240 4.8 Capacity utilisation 85 81 4.9 Steel sales - Local 000 tonnes 887 863 2.8 - Export 000 tonnes 215 202 6.4 - Total 000 tonnes 1 102 1 065 3.5 Coke and chemicals - Commercial coke produced 000 tonnes 43 47 (8.5) - Commercial coke sales 000 tonnes 42 49 (14.3) - Tar sales 000 tonnes 19 20 (5.0) Commentary The analysis relates to the three months ended 30 September 2018 (current period) compared to the three months ended 30 September 2017 (prior period) except where otherwise indicated. Safety Safety remains our number one priority. LTIFR improved from 0.27 to 0.18, while total injury frequency rate improved to 7.07 from 7.87. Production Liquid steel production was 59 000 tonnes (4.8%) higher, mainly due to higher production at Long Products after the production cutback in Q3 2017. The capacity utilisation for Q3 2018 increased to 85% compared to 81% in the comparable period. Sales Local sales were 24 000 tonnes (2.8%) better. Apparent steel consumption increased by 2% compared to the corresponding period. Total imports of primary steel products decreased by 7% in the third quarter compared to that of 2017. Export sales increased by 13 000 tonnes (6.4%) due to the strong international demand and weakening of the average rand/USD exchange rate. Commercial coke Commercial coke sales were 7 000 tonnes (14.3%) lower and tar sales were also down by 1 000 tonnes or 5.0% due to planned repairs at the coke plant in Pretoria Works. By order of the board 18 October 2018 Sponsor: Absa Bank Limited (acting through its Corporate and Investment Banking division) Release date: 1 November 2018 For further information please contact: Vuyo Mtawa Manager: corporate communications Telephone +27 16 889 4100 This report is available on ArcelorMittal South Africa’s website at: http://www.arcelormittalsa.com Date: 01/11/2018 07:05:00 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.