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ARCELORMITTAL SOUTH AFRICA LIMITED - ACL - Environmental Matters

Release Date: 03/06/2019 15:00
Code(s): ACL     PDF:  
 
Wrap Text
ACL - Environmental Matters

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”)

Environmental Matters

Shareholders were notified that the Company had been informed, although not confirmed at the
time, that there was an intention to institute criminal proceedings against it on account of three
alleged transgressions of its Atmospheric Emissions Licence (AEL) at its Vanderbijlpark
operations. It was also explained that in the event that the matter proceeds, and if there is an
adverse finding regarding all these alleged transgressions, insofar as the financial exposure in
terms of a fine is concerned, the maximum fine payable is up to R15m in terms of the legislation.

Shareholders are hereby notified that the summons instituting criminal proceedings in this regard
was served on the Company on 30 May 2019.

There are three charges, two of which relate to the alleged conduct of certain activities without an
AEL and one relating to the alleged failure to adhere to the AEL by exceeding certain minimum
emission standards.

The Company has obtained legal advice from Senior Counsel regarding these matters and will
now adhere to the relevant legal processes that will follow.

As a responsible corporate citizen ArcelorMittal South Africa believes that it should always be
mindful that the business of the Company should be conducted in a responsible and ethical
manner.

The Company remains committed to focusing on and improving its social, economic, financial and
environmental performance to ensure a sustainable organisation.

3 June 2019
Vanderbijlpark Works

For further information please contact:
Ms Vuyo Mtawa: Corporate Communications
Tel: (016) 889 4100

Company Secretary: Nomonde Bam

Sponsor to ArcelorMittal South Africa Limited
Absa Bank Limited (acting through its Corporate and Investment Banking division)

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