ACL - ArcelorMittal South Africa - Renewal of Cautionary Announcements
ACL
ACL
ACL - ArcelorMittal South Africa - Renewal of Cautionary Announcements
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")
RENEWAL OF CAUTIONARY ANNOUNCEMENTS
Shareholders are referred to the various announcements published by the company,
the latest being 21 January 2011, relating to the proposed ArcelorMittal South
Africa BEE transaction ("BEE transaction") and the Sishen Iron Ore Company
(Proprietary) Limited ("SIOC") arbitration process.
Shareholders were advised through these announcements that -
- in relation to the BEE transaction, ArcelorMittal`s consideration of the
matters relevant to the BEE transaction is ongoing and that the
satisfaction of the conditions precedent remains outstanding; and
- in relation to SIOC, the arbitration process is progressing.
The period for the satisfaction of conditions precedent for the BEE transaction
has expired and the parties are in the process of extending it. Furthermore, it
is expected that the arbitration relating to the dispute with SIOC will be heard
in early 2012.
Accordingly, shareholders are advised to continue exercising caution when
dealing in ArcelorMittal South Africa securities, until a full announcement is
made.
For further information please contact:
Themba Hlengani
Manager: Corporate Communications
Tel: (016) 889 2425 or 083 440 0158
Vanderbijlpark
25 March 2011
Sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 25/03/2011 11:20:01 Produced by the JSE SENS Department.
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