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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 7 November 2011 at a strike
price of R67-00 being the previous day`s adjusted closing price on 4 November
2011, in terms of the rules of the ArcelorMittal Share Incentive Scheme. This
allocation was approved by the Remuneration Committee.
The information relating to the directors of ArcelorMittal South Africa as
well as the directors Saldanha Steel (Proprietary) Limited ("Saldanha"),
being a major subsidiary of ArcelorMittal South Africa, is disclosed
hereinbelow.
The acceptance date of the share options by the beneficiaries listed below is
8 November 2011. These share options are exercisable as follows:
33,3% as from 7 November 2012
33,3% as from 7 November 2013
33,4% as from 7 November 2014
Clearance to deal in these securities has been obtained in terms of paragraph
3.66 of the Listings Requirements of the JSE. All transactions were done off-
market.
Directors names
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 : 66 520 ordinary shares
Strike price : R67-00
Date share options accepted: 8 November 2011
Value : R4 456 840-00
Name of director : Rudolph Torlage
Company : ArcelorMittal South Africa
Designation : Chief Financial Officer
Nature of interest : Direct beneficial
Class of shares : Ordinary
Number shares : 35 153 ordinary shares
Strike price : R67-00
Date share options accepted: 8 November 2011
Value : R2 355 251-00
Name of director : Johan Fourie
Company : Saldanha
Designation : Director
Nature of interest : Direct beneficial
Class of shares : Ordinary
Number shares : 32 170 ordinary shares
Strike price : R67-00
Date share options accepted: 8 November 2011
Value : R2 155 390-00
Name of director : Suretha van Wyk
Company : Saldanha
Designation : Director
Nature of interest : Direct beneficial
Class of shares : Ordinary
Number shares : 10 520 ordinary shares
Strike price : R67-00
Date share options accepted: 8 November 2011
Value : R704 840-00
9 November 2011
Vanderbijlpark
Sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 09/11/2011 17:07:20 Produced by the JSE SENS Department.
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