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ACL
ACL
ACL - Arcelormittal South Africa - Acquisition by Arcelormittal South Africa
Operations (Pty) Ltd of 100% shareholding in Imperial Crown Trading 289 (Pty)
Ltd
ARCELORMITTAL SOUTH AFRICA LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1989/002164/06)
Share code: ACL
ISIN : ZAE000134961
("ArcelorMittal South Africa")
ACQUISITION BY ARCELORMITTAL SOUTH AFRICA OPERATIONS (PTY) LTD ("OPCO") OF 100%
SHAREHOLDING IN IMPERIAL CROWN TRADING 289 (PTY) LTD ("ICT")
It is hereby announced that ArcelorMittal South Africa through its wholly owned
subsidiary OPCO, has entered into an agreement ("the Agreement") providing for
the acquisition by OPCO of the entire issued share capital of ICT ("the
Acquisition").
ICT is the holder of a prospecting right in relation to a 21.4% undivided share
in a prospecting area more fully described in such right, and has the following
shareholders:
- Mabelindile Archibald Luhlabo;
- Mojalefa Mbete;
- Prudence Zerah Mtshali;
- Pragat Investments (Jagdish R Parekh);
- Phemelo Ohentse Robert Sehunelo; and
- Zebo Lesego Edwin Tshetlho
The aggregate purchase price payable by OPCO in consideration for the
Acquisition shall be an amount of R 800 000 000, which shall be payable subject
to terms and conditions, including, inter alia, completion of a due diligence
exercise to the satisfaction of ArcelorMittal South Africa.
For JSE Limited Listings Requirements purposes, the Acquisition is not a
categorised transaction and no related parties are involved.
Vanderbijlpark
Tuesday, 10 August 2010
For further information please contact:
Hennie Vermeulen
Manager: Investor Relations
Tel: 016 889 2352
Sponsor
Deutsche Securities (SA) (Proprietary) Limited
Legal Advisors
Werksmans Inc
Date: 10/08/2010 09:00:01 Produced by the JSE SENS Department.
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