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ACL
ACL
ACL - ArcelorMittal South Africa Limited - Allocation and acceptance of share
options
ArcelorMittal South Africa Limited
(Incorporated in the Republic of South Africa)
Registration number: 1989/002164/06
Share code: ACL & ISIN: ZAE000134961
("ArcelorMittal South Africa")
ALLOCATION AND ACCEPTANCE OF SHARE OPTIONS
In compliance with paragraphs 3.63 to 3.66 of the Listings Requirements of the
JSE Limited ("JSE"), shareholders are advised that share options in
ArcelorMittal South Africa securities have been offered to eligible Group
employees. These share options were offered on 29 September 2011 at a strike
price of R59-00 being the previous day`s adjusted closing price on 28 September
2011, in terms of the rules of the ArcelorMittal Share Incentive Scheme. This
allocation was approved by the Remuneration Committee.
The following information is disclosed on behalf of the directors and as well as
the directors of major subsidiaries of ArcelorMittal South Africa, namely
Saldanha Steel (Proprietary) Limited ("Saldanha").
The acceptance date of the share options by the beneficiaries listed below is 29
September 2011. These share options are exercisable as follows:
33,3% as from 29 September 2012
33,3% as from 29 September 2013
33,4% as from 29 September 2014
Clearance to deal in these securities has been obtained in terms of paragraph
3.66 of the Listings Requirements of the JSE.
Name of director : Nonkululeko Nyembezi-Heita
Company : ArcelorMittal South Africa
Designation : Chief Executive Officer
Nature of interest : Direct beneficial
Class of shares : Ordinary
Number shares : 110 620 ordinary shares
Strike price : R59-00
Date share options
accepted : 29 September 2011
Value : R6 526 580-00
Name of director : Rudolph Torlage
Company : ArcelorMittal South Africa
Designation : Chief Financial Officer
Nature of interest : Direct beneficial
Class of shares : Ordinary
Number shares : 53 500 ordinary shares
Strike price : R59-00
Date share options
accepted : 29 September 2011
Value : R3 156 500-00
Name of director : Johan Fourie
Company : Saldanha
Designation : Director
Nature of interest : Direct beneficial
Class of shares : Ordinary
Number shares : 42 790 ordinary shares
Strike price : R59-00
Date share options
accepted : 29 September 2011
Value : R2 524 610-00
Name of director : Suretha van Wyk
Company : Saldanha
Designation : Director
Nature of interest : Direct beneficial
Class of shares : Ordinary
Number shares : 20 970 ordinary shares
Strike price : R59-00
Date share options
accepted : 29 September 2011
Value : R1 237 230-00
30 September 2011
Vanderbijlpark
Sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 03/10/2011 08:00:01 Produced by the JSE SENS Department.
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