03 Aug - 2 min read

ACL - Dealings in Securities by Prescribed Officers

ACL - Dealings in Securities by Prescribed Officers

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")

DEALINGS IN SECURITIES BY A PRESCRIBED OFFICER – LTIP GRANT

The Long-Term Incentive Plan (“LTIP”) has been established in line with the requirements of the JSE and
was created as a mechanism to reward and retain management effectively and link remuneration to
performance of the company. It has a vesting period of 3 years after the date of the conditional award of
shares (grant). It is also linked to performance of the company and is 60% performance based in respect
of senior executives and 50% for other executives and management.

Pursuant to directors and prescribed officers accepting the 2021 grant and participating in terms of the
LTIP Rules, the following information is disclosed:

Prescribed Officer:                     Gaurav Nagpal
Company:                                ArcelorMittal South Africa Limited
Class of securities:                    Ordinary shares
Date of acceptance of grant:            2 August 2021
Number of LTIP shares:                  581 819
Grant Price:                            R6.27
Total value of transaction:             R3 638 005
Nature of transaction:                  Off market acceptance of LTIP Grant in terms of Scheme Rules
Nature of interest:                     Direct beneficial
Clearance obtained:                     Yes. Grant approved and issued by Board

DEALINGS IN SECURITIES BY A PRESCRIBED OFFICER

In compliance with paragraph 3.63 of the JSE Limited Listings Requirements, the following information is
disclosed in respect of dealing in ArcelorMittal South Africa ordinary shares (“securities”):

Prescribed Officer:                     Werner Venter
Company:                                ArcelorMittal South Africa Limited
Class of securities:                    Ordinary shares
Date of transaction:                    2 August 2021
Number of securities:                   134 156
Average share price:                    R6.48
Lowest share price:                     R6.45
Highest share price:                    R6.51
Total value of transaction:             R869 138.33
Nature of transaction:                  On-market sale of securities
Nature of interest:                     Direct beneficial
Clearance obtained:                     Yes.

Vanderbijlpark Works
3 August 2021

For further information please contact:
Tami Didiza: Manager: Corporate Communications
Tel: (016) 889 2549

Company Secretary
FluidRock Co Sec (Pty) Ltd
016 -889 4077

Sponsor to ArcelorMittal South Africa Limited
Absa Bank Limited (acting through its Corporate and Investment Banking division)

Date: 03-08-2021 03:30:00
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