ACL - Dealings in securities by normal share scheme participants 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") DEALINGS IN SECURITIES BY NORMAL SHARE SCHEME PARTICIPANTS Pursuant to 133 normal share scheme participants accepting allocation of the 2019 grant and participating in terms of the Long Term Incentive Plan (“LTIP”) Rules, the following information is disclosed in accordance with sections 3.63 to 3.74 of the JSE Limited (“JSE”) Listings Requirements: Company: ArcelorMittal South Africa Class of securities: Ordinary shares Date of transaction: 19 August 2019 Number of LTIP shares: 22 272 680 Issue Price: R2.28 Total value of transaction: R50 781 710.40 Nature of transaction: Off market acceptance of LTIP Grant in terms of Scheme Rules Nature of interest: Direct Beneficial The LTIP has been established in line with the requirements of the JSE and was created as a mechanism to reward and retain management effectively and link remuneration to performance of the company. It has a vesting period of 3 years after the date of the grant. It is also linked to performance of the company, and is 100% performance based in respect of senior executives and 50% for other executives and management. Vanderbijlpark Works 21 August 2019 For further information please contact: Mrs Vuyo Mtawa Manager: Corporate Communications Tel: (016) 889 4100 Sponsor to ArcelorMittal South Africa Limited Absa Bank Limited (acting through its Corporate and Investment Banking division) Date: 21/08/2019 11:48:00 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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