20 May - 5 min read

ACL: Results of the AGM held on 20 May 2021.

ACL: Results of the AGM held on 20 May 2021.

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”)

Results of the Annual General Meeting (AGM) held on 20 May 2021

At the AGM of the shareholders of ArcelorMittal South Africa Limited held on Tuesday, 20 May
2021, all the ordinary and special resolutions proposed at the meeting were approved by the
requisite majority of votes by shareholders either present virtually or represented by proxy.

The voting results were as follows:

Total number of shares in issue                                                  1 454 272 184
Treasury shares (excluded from voting)                                              23 447 036
Total number of shares (“voteable shares”)                                       1 430 825 148
Total number of shares represented (including proxies) at the General            1 141 559 515
Meeting
Proportion of total voteable shares represented at the General Meeting                  79.79%

Ordinary resolution number 1 - Reappointment of auditors
         For                      Against                  Abstain              Shares Voted
   1,125,425,792                15,794,074                 339,363             1,141,219,866
       98.62%                     1.38%                      0.02%                 79.76%


Ordinary resolution number 2.1 - Re-election of Mr GS Gouws
         For                      Against                  Abstain              Shares Voted
   1,109,121,562                32,098,304                 339,363             1,141,219,866
       97.19%                     2.81%                      0.02%                 79.76%


Ordinary resolution number 2.2 - Re-election of Mr R Karol
         For                      Against                  Abstain              Shares Voted
   1,108,973,562                32,246,304                 339,363             1,141,219,866
       97.17%                     2.83%                      0.02%                 79.76%


Ordinary resolution number 3 - Election of Mr B Davey
         For                      Against                  Abstain              Shares Voted
   1,108,973,562                32,246,304                 339,363             1,141,219,866
       97.17%                     2.83%                      0.02%                 79.76%
Ordinary resolution number 4.1 - Appointment of Ms NP Mnxasana as audit and risk committee
                                 Member
    1,140,699,494                507,372                   352,363                1,141,206,866
       99.96%                     0.04%                     0.02%                   79.76%


Ordinary resolution number 4.2 - Appointment of Ms LC Cele as audit and risk committee
                                 member
         For                      Against                  Abstain                 Shares Voted
   1,140,978,933                  227,933                 352,363                 1,141,206,866
       99.98%                     0.02%                    0.02%                     79.76%
 

Ordinary resolution number 4.3 - Appointment of Mr NF Nicolau as audit and risk
                                 committee member
         For                      Against                  Abstain                 Shares Voted
   1,140,998,933                  207,933                 352,363                 1,141,206,866
       99.98%                     0.02%                    0.02%                     79.76%
 

Ordinary resolution number 5.1 - Endorsement of remuneration policy
         For                      Against                  Abstain                 Shares Voted
   1,065,852,471                 2,259,372               73,447,386               1,068,111,843
       99.79%                     0.21%                    5.05%                     73.45%


Ordinary resolution number 5.2 - Endorsement of the implementation report
         For                      Against                  Abstain                 Shares Voted
   1,065,379,268                 2,732,012               73,447,949               1,068,111,280
       99.74%                     0.26%                    5.05%                     74.65%


Special resolution number 1.1 - Approval of non-executive directors’ fees - Chairperson (all-in
                                annual fee)
         For                      Against                  Abstain                 Shares Voted
   1,066,637,871                74,419,550                501,805                 1,141,057,421
       93.48%                     6.52%                    0.03%                     79.75%


Special resolution number 1.2 - Approval of non-executive directors’ fees - Director (annual retainer
                                and attendance per board meeting)
         For                      Against                  Abstain                 Shares Voted
   1,067,766,330                73,311,091                481,805                 1,141,077,421
       93.58%                     6.42%                    0.03%                     79.75%


Special resolution number 1.3 - Approval of non-executive directors’ fees - Audit and risk
                                committee chairperson
         For                      Against                  Abstain                 Shares Voted
   1,067,766,330                73,311,031                481,865                 1,141,077,361
       93.58%                     6.42%                    0.03%                     79.75%


Special resolution number 1.4 - Approval of non-executive directors’ fees - Audit and risk
                                         committee member
         For                      Against                  Abstain                 Shares Voted
   1,067,766,330                73,311,031                481,865                 1,141,077,361
       93.58%                     6.42%                    0.03%                     79.75%


Special resolution number 1.5 - Approval of non-executive directors’ fees - Human resources,
                                remuneration and nominations committee chairperson
         For                      Against                  Abstain                 Shares Voted
   1,067,766,330                73,311,031                481,865                 1,141,077,361
       93.58%                     6.42%                    0.03%                     79.75%


Special resolution number 1.6 - Approval of non-executive directors’ fees - Human resources,
                                remuneration and nominations committee member
         For                      Against                  Abstain                 Shares Voted
   1,067,766,330                73,311,031                481,865                 1,141,077,361
       93.58%                     6.42%                    0.03%                     79.75%


Special resolution number 1.7 - Approval of non-executive directors’ fees – Transformation, social
                                and ethics committee chairperson
         For                      Against                  Abstain                 Shares Voted
   1,067,766,330                73,311,091                481,805                 1,141,077,421
       93.58%                     6.42%                    0.03%                     79.75%


Special resolution number 1.8 - Approval of non-executive directors’ fees – Transformation, social
                                and ethics committee member
         For                      Against                  Abstain                 Shares Voted
   1,067,766,330                73,311,091                481,805                 1,141,077,421
       93.58%                     6.42%                    0.03%                     79.75%


Special resolution number 1.9 - Approval of non-executive directors’ fees - Safety, health and
                                environment committee chairperson
         For                      Against                  Abstain                 Shares Voted
   1,067,766,330                73,311,091                481,805                 1,141,077,421
       93.58%                     6.42%                    0.03%                     79.75%
Special resolution number 1.10 - Approval of non-executive directors’ fees - Safety, health and
                                 environment committee member
         For                      Against                 Abstain                 Shares Voted
   1,067,766,330                73,311,091                481,805                1,141,077,421
       93.58%                     6.42%                    0.03%                     79.75%


Special resolution number 1.11 - Approval of non-executive directors’ fees - Any ad hoc or other
                                 committee appointed by the board (chairperson)
         For                      Against                 Abstain                 Shares Voted
   1,067,618,330                73,459,031                481,865                1,141,077,361
       93.56%                     6.44%                    0.03%                     79.75%


Special resolution number 1.12 - Approval of non-executive directors’ fees - Any ad hoc or other
                                 committee appointed by the board (member)
         For                      Against                 Abstain                 Shares Voted
   1,067,618,330                73,459,031                481,865                1,141,077,361
       93.56%                     6.44%                    0.03%                     79.75%


Special resolution number 1.13 - Approval of non-executive directors’ fees - Non-executive director
                                 serving as share trust committee chairperson
         For                      Against                 Abstain                 Shares Voted
   1,067,618,330                73,459,031                481,865                1,141,077,361
       93.56%                     6.44%                    0.03%                     79.75%


Special resolution number 1.14 - Approval of non-executive directors’ fees - Non-executive director
                                 serving as share trust committee member
         For                      Against                 Abstain                 Shares Voted
   1,067,766,330                73,311,031                481,865                1,141,077,361
       93.58%                     6.42%                    0.03%                     79.75%


Special resolution number 2 - Financial assistance to related or inter-related company
         For                      Against                 Abstain                 Shares Voted
   1,139,786,203                1,440,158                 332,865                1,141,226,361
       99.87%                     0.13%                    0.02%                     79.76%


Ordinary resolution number 6 - Authority to implement resolutions passed at the annual general
                               meeting
         For                      Against                 Abstain                 Shares Voted
   1,140,999,513                 220,143                  339,570                1,141,219,656
       99.98%                     0.02%                    0.02%                     79.76%

The percentage calculation for shares voted and votes abstained is based on the voteable shares.

Shareholders are advised that a business update will be available in due course.


20 May 2021
Vanderbijlpark Works

For further information please contact:
Mr Tami Didiza: Corporate Communications
Tel: (016) 889 4100

Company Secretary: FluidRock Co Sec (Pty) Ltd

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

Date: 20-05-2021 05:30:00
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