ARCELORMITTAL SOUTH AFRICA LIMITED - Renewal of cautionary
ACL 201609070006A
Renewal of cautionary
ArcelorMittal South Africa Limited
(Incorporated in the Republic of South Africa)
Registration number: 1989/002164/06
Share code: ACL
ISIN: ZAE000134961
(“ArcelorMittal” or “the company”)
Renewal of cautionary announcement
Further to the cautionary announcement released on the Stock
Exchange News Service of the JSE Limited on 6 November 2015
wherein ArcelorMittal’s shareholders (“Shareholders”) were
advised of a proposed B-BBEE Transaction (“B-BBEE
Transaction”), and subsequent renewal announcements,
Shareholders are further advised that the process in relation
to the proposed B-BBEE Transaction is ongoing and when
successfully concluded, may have a material effect on the
price of the company’s securities.
Due to the ongoing negotiations, it is anticipated that a
detailed terms announcement with respect to the proposed B-
BBEE Transaction will be issued before the end of the fourth
quarter after all material B-BBEE Transaction agreements have
been concluded. The general meeting to obtain shareholder
approval will be held during the fourth quarter of 2016.
Accordingly, Shareholders are advised to continue to exercise
caution when dealing in the company's securities until a
further announcement is made in this regard.
Vanderbijlpark
7 September 2016
Corporate advisor, transaction sponsor and legal advisor in
relation to the B BBEE Transaction
KPMG Services Proprietary Limited
Sponsor to ArcelorMittal South Africa Limited
J.P. Morgan Equities South Africa Pty Ltd
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