ACL - ArcelorMittal - Further Information Pertaining To The Proposed Broad-Based
ACL
ACL
ACL - ArcelorMittal - Further Information Pertaining To The Proposed Broad-Based
Economic Empowerment Ownership Transaction And Cautionary Announcement
ArcelorMittal South Africa Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1989/002164/06)
Share Code: ACL
ISIN: ZAE000134961
("ArcelorMittal")
FURTHER INFORMATION PERTAINING TO THE PROPOSED BROAD-BASED ECONOMIC EMPOWERMENT
OWNERSHIP TRANSACTION AND CAUTIONARY ANNOUNCEMENT
In late 2008, the Board of Directors of ArcelorMittal had significantly advanced
a broad-based black economic empowerment ownership transaction, which included
an employee share ownership plan. However, the collapse in the worldwide
economy made the conclusion of the transaction impossible at the time.
In view of the stabilising global economic environment, the Board of Directors
has deemed it appropriate to revive the previous negotiations and shareholders
are advised that meaningful progress has now been made.
Any such transaction, if implemented, may have a material effect on the price of
ArcelorMittal`s securities on the JSE Limited. Accordingly shareholders are
advised to exercise caution when dealing in ArcelorMittal`s securities until a
detailed announcement is made in this regard.
30 March 2010
Vanderbijlpark
Sponsor
Deutsche Securities (SA) (Proprietary) Limited
For further information please contact:
Julian Gwillim
Mobile: +27 (82) 452 4389
Date: 30/03/2010 12:01:01 Produced by the JSE SENS Department.
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