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ACL - Results of the Annual General Meeting held on 25 May 2023

Published: 2023-05-29 12:10:37 ET
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 25 May 2023

At the AGM of the shareholders of ArcelorMittal South Africa held on Thursday, 25 May 2023, 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 issued shares and shares represented at the AGM are set out below.

Ordinary shares                                                                 1 138 059 825
A1 ordinary shares                                                                243 240 276
A2 ordinary shares                                                                 72 972 083
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 AGM               1 270 239 221
Total number of shares represented ( including proxies) the AGM
as % of voteable shares                                                                88.78%

The voting results in total is set out below, followed by the voting results on the ordinary shares, A1
ordinary shares and A 2 ordinary shares.

Voting results total:

Ordinary resolution number 1 - Appointment of auditors
         For                     Against                    Abstain                  Shares Voted
    1 269 927 148                 139 014                   172 857                 1 270 066 162
       99.99%                      0.01%                     0.01%                      88.76%

Ordinary resolution number 2.1 - Re-election of Mr G Gouws

         For                       Against                  Abstain                  Shares Voted
    1 253 116 039                16 950 123                 172 857                 1 270 066 162
       98.67%                      1.33%                     0.01%                      88.76%

Ordinary resolution number 2.2 - Re-election of Mr NF Nicolau

         For                       Against                  Abstain                  Shares Voted
    1 269 283 556                 782 606                   172 857                 1 270 066 162
       99.94%                      0.06%                     0.01%                     88.76%




                                                   1
Ordinary resolution number 3.1 - Appointment of Ms D Earp as audit and risk committee Member

         For                     Against                   Abstain                 Shares Voted
    1 269 285 116                781 046                   172 857                1 270 066 162
       99.94%                     0.06%                     0.01%                    88.76%

Ordinary resolution number 3.2 - Appointment of Ms LC Cele as audit and risk committee member

         For                      Against                  Abstain                 Shares Voted
   1 269 924 558                 141 604                  172 857                 1 270 066 162
      99.99%                      0.01%                    0.01%                     88.76%

Ordinary resolution number 3.3 - Appointment of Mr NF Nicolau as audit and risk committee
member

        For                      Against                  Abstain                  Shares Voted
   1 269 949 588                 116 574                  172 857                 1 270- 066 162
      99.99%                      0.01%                    0.01%                     88.76%

Ordinary resolution number 4.1 - Endorsement of remuneration policy

         For                      Against                  Abstain                 Shares Voted
   1 177 595 147                92 456 345                187 527                 1 270 051 492
      92.72%                      7.28%                    0.01%                     88.76%

Ordinary resolution number 4.2 - Endorsement of the implementation report

        For                       Against                 Abstain                  Shares Voted
   1 177 487 113                92 564 296                187 610                 1 270 051 409
       92.71%                     7.29%                    0.01%                     88.76%

Special resolution number 1.1 - Approval of non-executive directors’ fees - Chairperson (all-in
annual fee)

        For                       Against                 Abstain                  Shares Voted
   1 252 996 446                17 056 799                185 774                 1 270 053 245
      98.66%                      1.34%                    0.01%                     88.76%

Special resolution number 1.2 - Approval of non-executive directors’ fees - Director (annual retainer
and attendance per board meeting)

        For                      Against                  Abstain                  Shares Voted
   1 269 834 701                 218 461                  185 774                 1 270 053 162
       99.98%                     0.02%                    0.01%                     88.76%

Special resolution number 1.3 - Approval of non-executive directors’ fees - Audit and risk
committee chairperson

        For                      Against                  Abstain                  Shares Voted
   1 269 834 701                 218 461                  185 774                 1 270 053 162
      99.98%                      0.02%                    0.01%                     88.76%




                                                 2
Special resolution number 1.4 - Approval of non-executive directors’ fees - Audit and risk
committee member

        For                      Against                  Abstain                  Shares Voted
   1 269 834 701                 218 461                  185 774                 1 270 053 162
       99.98%                     0.02%                    0.01%                     88.76%

Special resolution number 1.5 - Approval of non-executive directors’ fees - Human resources,
remuneration and nominations committee chairperson

        For                      Against                  Abstain                  Shares Voted
   1 269 834 701                 218 461                  185 774                 1 270 053 162
       99.98%                     0.02%                    0.01%                     88.76%

Special resolution number 1.6 - Approval of non-executive directors’ fees - Human resources,
remuneration and nominations committee member

         For                      Against                  Abstain                 Shares Voted
   1 269 834 701                 218 461                  185 774                 1 270 053 162
      99.98%                      0.02%                    0.01%

Special resolution number 1.7 - Approval of non-executive directors’ fees – Transformation, social
and ethics committee chairperson

         For                      Against                  Abstain                 Shares Voted
   1 269 834 701                 218 461                  185 774                 1 270 053 162
      99.98%                      0.02%                    0.01%                     88.76%

Special resolution number 1.8 - Approval of non-executive directors’ fees – Transformation, social
and ethics committee member

         For                      Against                  Abstain                 Shares Voted
   1 269 834 701                 218 461                  185 774                 1 270 053 162
      99.98%                      0.02%                    0.01%                     88.76%

Special resolution number 1.9 - Approval of non-executive directors’ fees - Safety, health and
environment committee chairperson

        For                      Against                  Abstain                  Shares Voted
   1 269 834 701                 218 461                  185 774                 1 270 053 162
      99.98%                      0.02%                    0.01%                     88.76%

Special resolution number 1.10 - Approval of non-executive directors’ fees - Safety, health and
environment committee member

         For                      Against                  Abstain                 Shares Voted
   1 269 834 701                 218 461                  185 774                 1 270 053 162
      99.98%                      0.02%                    0.01%                     88.76%




                                                 3
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
   1 269 524 323                 528 839                  185 774                1 270 053 162
       99.96%                     0.04%                   0.01%                     88.76%

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
   1 269 524 323                 528 839                  185 774                1 270 053 162
       99.96%                     0.04%                   0.01%                     88.76%

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
   1 269 834 701                 218 461                  185 774                1 270 053 162
       99.98%                     0.02%                   0.01%                     88.76%

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
   1 269 834 701                 218 461                  185 774                1 270 053 162
       99.98%                     0.02%                   0.01%                     88.76%

Special resolution number 2 - Financial assistance to related or inter-related company

        For                      Against                  Abstain                 Shares Voted
   1 251 977 882               18 075 280                 185 774                1 270 053 162
       98.58%                     1.42%                   0.01%                     88.76%

Ordinary resolution number 5 - Authority to implement resolutions passed at the annual general
meeting

        For                      Against                  Abstain                 Shares Voted
   1 269 922 148                 138 014                  178 774                1 270 060 162
       99.99%                     0.01%                   0.01%                     88.76%

(The percentage calculations above are based on the voteable shares (in respect of the shares
voted and abstentions) and a percentage of the shares voted ( in respect of the for and against
votes).




                                                 4
Voting results ordinary shares

Ordinary resolution number 1 - Appointment of auditors

         For                     Against                 Abstain               Shares voted
     953 714 789                 139 014                 172 857               953 853 803
       99,99%                     0,01%                  0,02%                    85,58%

Ordinary resolution 2.1 – Re-election of Mr G Gouws

         For                     Against                 Abstain               Shares voted
     936 903 680               16 950 123                172 857               953 853 803
       98,22%                    1,78%                    0,02%                  85,58%

Ordinary resolution 2.2 – Re-election of Mr N Nicolau

         For                     Against                 Abstain               Shares voted
     953 071 197                 782 606                 172 857               953 853 803
       99,92%                     0,08%                   0,02%                  85,58%

Ordinary resolution 3.1 – Election of Ms D Earp as audit and risk committee member

         For                     Against                 Abstain               Shares voted
     953 072 757                 781 046                 172 857               953 853 803
       99,92%                     0,08%                   0,02%                  85,58%

Ordinary resolution 3.2 – Election of Ms LC Cele as audit and risk committee member

         For                     Against                 Abstain               Shares voted
     953 712 199                 141 604                 172 857               953 853 803
       99,99%                     0,01%                   0,02%                  85,58%

Ordinary resolution 3.3 – Election of Mr NF Nicolau as audit and risk committee member

         For                     Against                 Abstain               Shares voted
     953 737 229                 116 574                 172 857               953 853 803
       99,99%                     0,01%                   0,02%                  85,58%

Non-binding resolution 4.1 – Endorsement of remuneration policy

         For                     Against                 Abstain               Shares voted
     934 354 871               19 484 262                187 527               953 839 133
       97,96%                    2,04%                    0,02%                  85,58%

Non-binding resolution 4.2 – Endorsement of the implementation report

         For                     Against                 Abstain               Shares voted
     934 246 837               19 592 213                187 610               953 839 050
       97,95%                    2,05%                    0,02%                  85,58%




                                                5
Special resolution 1.1 – Approval of non-executive directors’ fees: Chairperson (all-in annual fee)

         For                      Against                 Abstain                  Shares voted
     936 784 087                17 056 799                185 774                  953 840 886
       98,21%                     1,79%                    0,02%                     85,58%


Special resolution 1.2 – Approval of non-executive directors’ fees: Director (annual retainer and
attendance per board meeting)

         For                      Against                 Abstain                  Shares voted
     953 622 342                  218 461                 185 774                  953 840 803
       99,98%                      0,02%                   0,02%                     85,58%

Special resolution 1.3 – Approval of non-executive directors’ fees: Audit and risk committee
chairperson

         For                      Against                  Abstain                 Shares voted
     953 622 342                  218 461                 185 774                  953 840 803
       99,98%                      0,02%                   0,02%                     85,58%

Special resolution 1.4 – Approval of non-executive directors’ fees: Audit and risk committee
member

         For                      Against                  Abstain                 Shares voted
     953 622 342                  218 461                 185 774                  953 840 803
       99,98%                      0,02%                   0,02%                     85,58%

Special resolution 1.5 – Approval of non-executive directors’ fees: Human resources committee
chairperson

         For                      Against                  Abstain                 Shares voted
     953 622 342                  218 461                 185 774                  953 840 803
       99,98%                      0,02%                   0,02%                     85,58%

Special resolution 1.6 – Approval of non-executive directors’ fees: Human resources committee
member

         For                      Against                  Abstain                 Shares voted
     953 622 342                  218 461                 185 774                  953 840 803
       99,98%                      0,02%                   0,02%                     85,58%

Special resolution 1.7 – Approval of non-executive directors’ fees: Social and ethics committee
chairperson

         For                      Against                  Abstain                 Shares voted
     953 622 342                  218 461                 185 774                  953 840 803
       99,98%                      0,02%                   0,02%                     85,58%




                                                  6
Special resolution 1.8 – Approval of non-executive directors’ fees: Social and ethics committee
member

         For                      Against                  Abstain                 Shares voted
     953 622 342                  218 461                  185 774                 953 840 803
       99,98%                      0,02%                    0,02%                    85,58%

Special resolution 1.9 – Approval of non-executive directors’ fees: Safety, security, health and
environmental committee chairperson

         For                      Against                 Abstain                 Shares voted
     953 622 342                  218 461                 185 774                 953 840 803
       99,98%                      0,02%                   0,02%                    85,58%

Special resolution 1.10 – Approval of non-executive directors’ fees: Safety, security, health and
environmental committee member

         For                      Against                 Abstain                 Shares voted
     953 622 342                  218 461                 185 774                 953 840 803
       99,98%                      0,02%                   0,02%                    85,58%

Special resolution 1.11 – Approval of non-executive directors’ fees: Any ad hoc or other committee
appointed by the board (chairperson)

         For                      Against                 Abstain                 Shares voted
     953 311 964                  528 839                 185 774                 953 840 803
       99,94%                      0,06%                   0,02%                    85,58%

Special resolution 1.12 – Approval of non-executive directors’ fees: Any ad hoc or other committee
appointed by the board (member)

         For                      Against                 Abstain                 Shares voted
     953 311 964                  528 839                 185 774                 953 840 803
       99,94%                      0,06%                   0,02%                    85,58%

Special resolution 1.13 – Approval of non-executive directors’ fees: Non-executive director serving
as share trust committee chairperson

         For                      Against                 Abstain                 Shares voted
     953 622 342                  218 461                 185 774                 953 840 803
       99,98%                      0,02%                   0,02%                    85,58%

Special resolution 1.14 – Approval of non-executive directors’ fees: Non-executive director serving
as share trust committee member

         For                      Against                Abstain                Shares voted
     953 622 342                  218 461                185 774                953 840 803
       99,98%                      0,02%                  0,02%                    85,58%




                                                  7
Special resolution 2 - Financial assistance to related or inter-related company

         For                      Against                Abstain                  Shares voted
     935 765 523                18 075 280               185 774                  953 840 803
       98,11%                     1,89%                   0,02%                     85,58%

Ordinary resolution 5 - Authority to implement resolutions passed at the annual general meeting

         For                      Against                Abstain                  Shares voted
     953 709 789                  138 014                178 774                  953 847 803
       99,99%                      0,01%                  0,02%                     85,58%

(The percentage calculations above are based on the voteable shares (in respect of the shares
voted and abstentions) and a percentage of the shares voted (in respect of the for and against
votes).

Voting results A 1 ordinary shares

Ordinary resolution 1 – Appointment of auditors

         For                      Against                Abstain                  Shares voted
     243 240 276                      -                     -                     243 240 276
      100,00%                      0,00%                 0,00%                     100,00%

Ordinary resolution 2.1 – Re-election of Mr G Gouws

         For                      Against                Abstain                  Shares voted
     243 240 276                     -                      -                     243 240 276
      100,00%                     0,00%                  0,00%                      100,00%

Ordinary resolution 2.2 – Re-election of Mr N Nicolau

         For                         Against                       Abstain                      Shares voted
     243 240 276                        -                             -                         243 240 276
      100,00%                        0,00%                         0,00%                          100,00%

Ordinary resolution 3.1 – Election of Ms D Earp as audit and risk committee member

         For                         Against                       Abstain                      Shares voted
     243 240 276                        -                             -                         243 240 276
      100,00%                        0,00%                         0,00%                          100,00%

Ordinary resolution 3.2 – Election of Ms LC Cele as audit and risk committee member

         For                         Against                       Abstain                      Shares voted
     243 240 276                        -                             -                         243 240 276
      100,00%                        0,00%                         0,00%                          100,00%

Ordinary resolution 3.3 – Election of Mr NF Nicolau as audit and risk committee member

         For                         Against                       Abstain                      Shares voted
     243 240 276                        -                             -                         243 240 276
      100,00%                        0,00%                         0,00%                          100,00%




                                                  8
Non-binding resolution 4.1 – Endorsement of remuneration policy

         For                         Against                      Abstain                      Shares voted
     243 240 276                        -                            -                         243 240 276
      100,00%                        0,00%                        0,00%                          100,00%

Non-binding resolution 4.2 – Endorsement of the implementation report

         For                         Against                      Abstain                      Shares voted
     243 240 276                        -                            -                         243 240 276
      100,00%                        0,00%                        0,00%                          100,00%

Special resolution 1.1 – Approval of non-executive directors’ fees: Chairperson (all-in annual fee)

         For                         Against                      Abstain                      Shares voted
     243 240 276                        -                            -                         243 240 276
      100,00%                        0,00%                        0,00%                          100,00%

Special resolution 1.2 – Approval of non-executive directors’ fees: Director (annual retainer and
attendance per board meeting)

         For                         Against                      Abstain                      Shares voted
     243 240 276                        -                             -                        243 240 276
      100,00%                        0,00%                         0,00%                        100,00%

Special resolution 1.3 – Approval of non-executive directors’ fees: Audit and risk committee
chairperson

         For                         Against                      Abstain                      Shares voted
     243 240 276                        -                            -                         243 240 276
      100,00%                        0,00%                        0,00%                          100,00%

Special resolution 1.4 – Approval of non-executive directors’ fees: Audit and risk committee
member

         For                         Against                      Abstain                      Shares voted
     243 240 276                        -                             -                        243 240 276
      100,00%                        0,00%                         0,00%                        100,00%

Special resolution 1.5 – Approval of non-executive directors’ fees: Human resources committee
chairperson

         For                         Against                      Abstain                      Shares voted
     243 240 276                        -                            -                         243 240 276
      100,00%                        0,00%                        0,00%                          100,00%

Special resolution 1.6 – Approval of non-executive directors’ fees: Human resources committee
member

         For                         Against                      Abstain                      Shares voted
     243 240 276                        -                            -                         243 240 276
      100,00%                        0,00%                        0,00%                          100,00%




                                                  9
Special resolution 1.7 – Approval of non-executive directors’ fees: Social and ethics committee
chairperson

         For                         Against                      Abstain                    Shares voted
     243 240 276                        -                             -                      243 240 276
      100,00%                        0,00%                         0,00%                      100,00%

Special resolution 1.8 – Approval of non-executive directors’ fees: Social and ethics committee
member

         For                         Against                      Abstain                    Shares voted
     243 240 276                        -                            -                       243 240 276
      100,00%                        0,00%                        0,00%                        100,00%

Special resolution 1.9 – Approval of non-executive directors’ fees: Safety, security, health and
environmental committee chairperson

         For                         Against                      Abstain                    Shares voted
     243 240 276                        -                             -                      243 240 276
      100,00%                        0,00%                         0,00%                      100,00%

Special resolution 1.10 – Approval of non-executive directors’ fees: Safety, security, health and
environmental committee member)

         For                         Against                      Abstain                    Shares voted
     243 240 276                        -                            -                       243 240 276
      100,00%                        0,00%                         0,00%                       100,00%

Special resolution 1.11 – Approval of non-executive directors’ fees: Any ad hoc or other committee
appointed by the board (chairperson)

         For                         Against                      Abstain                    Shares voted
     243 240 276                        -                             -                      243 240 276
      100,00%                        0,00%                         0,00%                      100,00%

Special resolution 1.12 – Approval of non-executive directors’ fees: Any ad hoc or other committee
appointed by the board (member)

         For                         Against                      Abstain                    Shares voted
     243 240 276                        -                            -                       243 240 276
      100,00%                        0,00%                         0,00%                       100,00%

Special resolution 1.13 – Approval of non-executive directors’ fees: Non-executive director serving
as share trust committee chairperson

         For                         Against                      Abstain                    Shares voted
     243 240 276                        -                            -                       243 240 276
      100,00%                        0,00%                        0,00%                       0100,00%




                                                 10
Special resolution 1.14 – Approval of non-executive directors’ fees: Non-executive director serving
as share trust committee member

         For                         Against                      Abstain                  Shares voted
     243 240 276                        -                            -                     243 240 276
      100,00%                        0,00%                        0,00%                      100,00%

Special resolution 2 - Financial assistance to related or inter-related company

         For                         Against                      Abstain                  Shares voted
     243 240 276                        -                            -                     243 240 276
      100,00%                        0,00%                        0,00%                      100,00%

Ordinary resolution 5 - Authority to implement resolutions passed at the annual general meeting

         For                         Against                      Abstain                  Shares voted
     243 240 276                        -                            -                     243 240 276
      100,00%                        0,00%                        0,00%                     0100,00%

(The percentage calculations above are based on the voteable shares ( in respect of the shares
voted and abstentions) and a percentage of the shares voted ( in respect of the for and against
votes).

Voting results A 2 ordinary shares

Ordinary resolution 1 – Appointment of auditors

         For                         Against                      Abstain                  Shares voted
     72 972 083                         -                            -                      72 972 083
      100,00%                        0,00%                        0,00%                      100,00%

Ordinary resolution 2.1 – Re-election of Mr G Gouws

         For                         Against                      Abstain                  Shares voted
     72 972 083                         -                            -                      72 972 083
      100,00%                        0,00%                        0,00%                      100,00%

Ordinary resolution 2.2 – Re-election of Mr N Nicolau

         For                         Against                      Abstain                  Shares voted
     72 972 083                         -                            -                      72 972 083
      100,00%                        0,00%                        0,00%                      100,00%

Ordinary resolution 3.1 – Election of Ms D Earp as audit and risk committee member

         For                         Against                      Abstain                  Shares voted
     72 972 083                         -                            -                      72 972 083
      100,00%                        0,00%                        0,00%                      100,00%

Ordinary resolution 3.2 – Election of Ms LC Cele as audit and risk committee member

         For                         Against                      Abstain                  Shares voted
     72 972 083                         -                            -                      72 972 083
      100,00%                        0,00%                        0,00%                      100,00%




                                                  11
Ordinary resolution 3.3 – Election of Mr NF Nicolau as audit and risk committee member

         For                         Against                      Abstain                      Shares voted
     72 972 083                         -                            -                          72 972 083
      100,00%                        0,00%                        0,00%                          100,00%

Non-binding resolution 4.1 – Endorsement of remuneration policy

          For                        Against                      Abstain                      Shares voted
           -                       72 972 083                        -                          72 972 083
        0,00%                       100,00%                       0,00%                          100,00%

Non-binding resolution 4.2 – Endorsement of the implementation report

          For                        Against                      Abstain                      Shares voted
           -                       72 972 083                        -                          72 972 083
        0,00%                       100,00%                       0,00%                          100,00%

Special resolution 1.1 – Approval of non-executive directors’ fees: Chairperson (all-in annual fee)

         For                         Against                      Abstain                      Shares voted
     72 972 083                         -                            -                          72 972 083
      100,00%                        0,00%                        0,00%                          100,00%

Special resolution 1.2 – Approval of non-executive directors’ fees: Director (annual retainer and
attendance per board meeting)

         For                         Against                      Abstain                      Shares voted
     72 972 083                         -                            -                          72 972 083
      100,00%                        0,00%                         0,00%                        100,00%

Special resolution 1.3 – Approval of non-executive directors’ fees: Audit and risk committee
chairperson.

         For                         Against                      Abstain                      Shares voted
     72 972 083                         -                            -                          72 972 083
      100,00%                        0,00%                        0,00%                          100,00%

Special resolution 1.4 – Approval of non-executive directors’ fees: Audit and risk committee
member

         For                         Against                      Abstain                      Shares voted
     72 972 083                         -                             -                        72 972 083
      100,00%                        0,00%                         0,00%                        100,00%

Special resolution 1.5 – Approval of non-executive directors’ fees: Human resources committee
chairperson

         For                         Against                      Abstain                      Shares voted
     72 972 083                         -                             -                        72 972 083
      100,00%                        0,00%                         0,00%                        100,00%




                                                 12
Special resolution 1.6 – Approval of non-executive directors’ fees: Human resources committee
member

         For                         Against                      Abstain                    Shares voted
     72 972 083                         -                            -                        72 972 083
      100,00%                        0,00%                        0,00%                        100,00%

Special resolution 1.7 – Approval of non-executive directors’ fees: Social and ethics committee
chairperson

         For                         Against                      Abstain                    Shares voted
     72 972 083                         -                            -                        72 972 083
      100,00%                        0,00%                        0,00%                        100,00%

Special resolution 1.8 – Approval of non-executive directors’ fees: Social and ethics committee
member

         For                         Against                      Abstain                    Shares voted
     72 972 083                         -                             -                       72 972 083
      100,00%                        0,00%                         0,00%                       100,00%

Special resolution 1.9 – Approval of non-executive directors’ fees: Safety, security, health and
environmental committee chairperson

         For                         Against                      Abstain                    Shares voted
     72 972 083                         -                            -                        72 972 083
      100,00%                        0,00%                        0,00%                        100,00%

Special resolution 1.10 – Approval of non-executive directors’ fees: Safety, security, health and
environmental committee member

         For                         Against                      Abstain                    Shares voted
     72 972 083                         -                            -                        72 972 083
      100,00%                        0,00%                        0,00%                        100,00%

Special resolution 1.11 – Approval of non-executive directors’ fees: Any ad hoc or other committee
appointed by the board (chairperson)

         For                         Against                      Abstain                    Shares voted
     72 972 083                         -                            -                        72 972 083
      100,00%                        0,00%                        0,00%                        100,00%

Special resolution 1.12 – Approval of non-executive directors’ fees: Any ad hoc or other committee
appointed by the board (member)

         For                         Against                      Abstain                    Shares voted
     72 972 083                         -                            -                        72 972 083
      100,00%                        0,00%                        0,00%                        100,00%




                                                 13
Special resolution 1.13 – Approval of non-executive directors’ fees: Non-executive director serving
as share trust committee chairperson

         For                         Against                      Abstain                  Shares voted
     72 972 083                         -                            -                      72 972 083
      100,00%                        0,00%                        0,00%                      100,00%

Special resolution 1.14 – Approval of non-executive directors’ fees: Non-executive director serving
as share trust committee member

         For                         Against                      Abstain                  Shares voted
     72 972 083                         -                            -                      72 972 083
      100,00%                        0,00%                        0,00%                      100,00%

Special resolution 2 - Financial assistance to related or inter-related company

         For                         Against                      Abstain                  Shares voted
     72 972 083                         -                            -                      72 972 083
      100,00%                        0,00%                        0,00%                      100,00%

Ordinary resolution 5 - Authority to implement resolutions passed at the annual general meeting

         For                         Against                      Abstain                  Shares voted
     72 972 083                         -                            -                      72 972 083
      100,00%                        0,00%                        0,00%                      100,00%

(The percentage calculations above are based on the voteable shares (in respect of the shares voted
and abstentions) and a percentage of the shares voted (in respect of the for and against votes).

Shareholders are reminded that as set out in the AGM Notice, Ms M Musonda who retired by rotation
at the AGM had indicated that she will not be available for re-election, and has accordingly stepped
down as a director of the Company.

The board of directors and the Company thanks Ms Musonda for her contribution to the Company
over the years.

29 May 2023
Vanderbijlpark Works

For further information please contact:
Mr Tami Didiza: Group Manager: Stakeholder Management and Communications
Tel: (016) 889 4523

Company Secretary: FluidRock Co Sec (Pty) Ltd

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




                                                 14
Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com
Important disclosures
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.
Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.