Finalisation of the sale of an indirect 50% interest in MacSteel International Holdings BV 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”) FINALISATION OF 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”) Further to the announcement released on the Stock Exchange News Service on 27 September 2018 regarding the approval of the Sale at the General Meeting of ArcelorMittal South Africa shareholders on 27 September 2018, shareholders are advised that the remaining conditions precedent have now been fulfilled. The parties have accordingly executed the final documents to finalise the Sale which includes the payment of the purchase price of US$220 million (approximately R3 billion) and interest in accordance with the relevant agreements. This marks a significant milestone for the Company in achieving its objectives. As indicated the funds will primarily be used to strengthen the balance sheet and fund the working capital requirements and will support the Company in achieving its goal to be a sustainable and profitable Company. 5 November 2018 Vanderbijlpark Works For further information please contact: Ms Vuyo Mtawa Group Manager: Corporate Communications Tel: (016) 889 2352 Transaction Sponsor PricewaterhouseCoopers Corporate Finance (Pty) Ltd Continuing Sponsor Absa Bank Limited (acting through its Corporate and Investment and Banking division) Date: 05/11/2018 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.
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