ACL - ArcelorMittal South Africa BEE Transaction ("AMSA BEE transaction"):

Renewal of cautionary announcement

ARCELORMITTAL SOUTH AFRICA LIMITED

(Incorporated in the Republic of South Africa)

(Registration Number 1989/002164/06)

Share code: ACL

ISIN: ZAE000134961

("ArcelorMittal South Africa")

ARCELORMITTAL SOUTH AFRICA BEE TRANSACTION ("AMSA BEE TRANSACTION"): RENEWAL OF

CAUTIONARY ANNOUNCEMENT

Shareholders of ArcelorMittal South Africa ("Shareholders") are referred to the announcement released on SENS on 10 August 2010 and published in the South African press on 11 August 2010, informing Shareholders that ArcelorMittal South Africa has entered into a Subscription and Shareholders` Agreement, to give effect to the AMSA BEE Transaction; and to the renewal of cautionary announcements released on SENS on 30 August 2010 and 21 October 2010 and published in the press on 31 August 2010 and 22 October 2010, respectively.

ArcelorMittal South Africa`s consideration of matters relevant to the AMSA BEE Transaction is ongoing, and satisfaction of the conditions precedent remain outstanding.

Accordingly, Shareholders are advised to continue exercising caution when dealing in ArcelorMittal South Africa securities, until a further announcement is made.

Vanderbijlpark

Thursday 2 December 2010

Issued through the JSE's SENS service, December 2 2010

Click here to sign up to receive our free daily headline email newsletter