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ACL - Resignation of Chief Financial Officer and Executive Director

Published: 2023-07-17 17:00:32 ET
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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”)

RESIGNATION OF CHIEF FINANCIAL OFFICER AND EXECUTIVE DIRECTOR

In compliance with paragraph 3.59(b) of the Listings Requirements of the JSE Limited,
shareholders are advised that Mr Siphamandla Mthethwa has resigned as Chief Financial
Officer (CFO) and Executive Director of ArcelorMittal South Africa.

The Company has agreed to the request by Mr Mthetwa, amongst others, for personal
reasons, for his resignation to be with immediate effect.

The board has approved that Mr Gavin Griffiths, currently Chief Strategy Officer be
appointed to act as CFO until a new CFO is appointed and takes office, subject to
compliance with section 3.84(f) of the JSE Listings Requirements.

Mr Griffiths is a qualified Chartered Accountant and has the necessary experience at a
senior executive level in business and financial roles. He is therefore well qualified and has
the necessary experience and understanding of the steel industry and the Company to
fulfil this role effectively.

17 July 2023
Vanderbijlpark Works

For further information please contact:

Mr Tami Didiza
Group Manager: Stakeholder Engagement and Communications
Tel: (016) 889 2352

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