ACL - Unaudited operational information for the quarter ended 31 March 2019 ArcelorMittal South Africa Limited (“ArcelorMittal South Africa”, “the company” or “the group”) Registration number: 1989/002164/06 Share code: ACL ISIN: ZAE 000134961 Unaudited operational information for the quarter ended 31 March 2019 Salient features - Lost time injury frequency rate (LTIFR) improved from 0.66 to 0.29 - Domestic demand remains weak - Liquid steel production remains flat - Local sales down 5% - Export sales down 23% - Volatility in the rand/US dollar exchange rate continues to impact the business The analysis relates to the three months ended 31 March 2019 (current period) compared to the three months ended 31 March 2018 (prior period) except where otherwise indicated. Operational information For the quarter ended 31-March 31-March % 2019 2018 change Liquid Steel production 1 279 1 270 0.7% Capacity utilisation 80 85 -5.9% Steel sales - Local 000 tons 796 838 -5.0% - Export 000 tons 253 329 -23.1% - Total 000 tons 1 049 1 167 -10.1% Coke and Chemicals - Commercial coke produced 000 tons 31 45 -28.9% - Commercial coke and tar sales 000 tons 41 67 -38.8% Safety Safety remains our number one priority. LTIFR improved from 0.66 to 0.29, while total injury frequency rate increased to 6.95 from 6.68. Production Liquid steel production was 9 000 tonnes (0.7%) higher, mainly due to higher production at Long Products after the restart of the Vaal Melt shop. The capacity utilisation for Q1 2019 decreased to 80% compared to 85% in the comparable period as a result of the restart of the Vaal Melt shop. Sales Domestic sales volumes decreased by 5%, negatively affected by a weaker economy, the consequent shrinking of apparent steel consumption by 1.4%, and a short burst of imports as customers took advantage of the sudden price drops seen in international markets in Q4 2018. Export sales shows a drop of 23.1%, due to both a very buoyant global market in Q1 2018 and a more cautious seaborne market in Q1 2019 following the sudden price drops of Q4 2018. Commercial coke Commercial coke and tar sales were 26 000 tonnes (38.8%) lower due to higher imports into the country together with an increase in internal consumption. By order of the Board 07 May 2019 For further information please contact: Vuyo Mtawa: Manager: Corporate Communications Tel: (016) 889 4100 This report is available on ArcelorMittal South Africa’s website at: http://www.arcelormittalsa.com Release date: 9 May 2019 Sponsor: Absa Bank Limited (acting through its Corporate and Investment Banking division) Date: 09/05/2019 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.