Changes to the Board
ArcelorMittal South Africa Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1989/002164/06)
Share Code: ACL
(“ArcelorMittal South Africa”)
CHANGES TO THE BOARD
In compliance with paragraph 3.59 (a) and (b) of the Listings Requirements of the JSE Limited, the
Board of Directors of ArcelorMittal South Africa Limited (Board) wish to advise shareholders of the
following changes to the Board:
1. As a result of changes to the ArcelorMittal Group reporting structure, Mr Ramesh Kothari
has tendered his resignation as a Non-Executive Director, with effect from 30 November
2018. Mr Kothari was appointed to the Board on 11 June 2015. The Board wishes to thank
him for his valuable contribution over the last 3 years.
2. Following the recommendation of the Human Resources, Remunerations and Nominations
Committee, the Board has approved the appointment of Mr Raman Karol, as a Non-
Executive Director, with effect from 01 December 2018. Mr Karol is a Chartered Accountant
with the Institute of Chartered Accountants of India and holds an MBA (Finance) from
Rotterdam School of Management. Mr Raman Karol is a senior finance professional with 20
years of experience in various finance functions and has been with the ArcelorMittal Group
for 13 years. He is currently Vice President: Head of Group Accounting & Performance
Management in Luxembourg.
Mr Karol is well qualified and has the necessary experience to effectively discharge his duties as
a Non-Executive Director of ArcelorMittal South Africa Limited. The Board congratulates Mr Karol
on his appointment as Non-Executive Director and looks forward to his contribution.
28 November 2018
For further information please contact:
Ms Vuyo Mtawa
Group Manager: Corporate Communications
Tel: (016) 889 4100
Sponsor to ArcelorMittal South Africa Limited
Absa Bank Limited (acting through its Corporate and Investment and Banking division)
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