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ARCELORMITTAL SOUTH AFRICA LIMITED - ACL - Resignation of Chief Financial Officer and Executive Director

2021/05/04 15:39:00

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                    ACL - Resignation of Chief Financial Officer and Executive Director

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”)


In compliance with paragraph 3.59(b) of the Listings Requirements of the JSE Limited,
shareholders are advised that Mr Desmond Maharaj has given notice to resign as the
Chief Financial Officer and Executive Director of ArcelorMittal South Africa to pursue
personal opportunities outside the company.

To enable a successful transition, the effective date of Mr Maharaj’s resignation has
taken into account the possible timing of the appointment of his successor, and it has
been agreed that it will be no earlier than 31 July 2021and no later than
30 September 2021. This should allow adequate opportunity to identify a successor.

The process to find a successor will commence immediately and the company will
consider appropriate internal and external candidates. Shareholders will be advised
once a decision in this regard has been made.

The     Chairman      of    the   Board of Directors (“Board”), Mr    Mpho
Makwana, expressed appreciation on behalf of the Board to Mr Maharaj for his
valuable contribution to the company.

4 May 2021
Vanderbijlpark Works

For further information please contact:
Mr Tami Didiza
Group Manager: Stakeholder Engagement and Communications
Tel: (016) 889 2352
Vanderbijlpark Works

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

Date: 04-05-2021 03:39:00
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