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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") 2022 GRANT IN TERMS OF LONG-TERM INCENTIVE PLAN Shareholders are hereby notified of the 2022 conditional award of shares (grant) in terms of the company’s Long-Term Incentive Plan (“LTIP”), pursuant to paragraph 3.92 read with paragraphs 3.63 to 3.66 of the JSE Limited (“JSE”) Listings Requirements. The LTIP has been established in line with the requirements of the JSE and was created as a mechanism to reward and retain management effectively and link remuneration to performance of the company. It is therefore linked to performance of the company and is 67% performance based in respect of the CEO, 50% performance based in respect of senior executives and 32% performance based for management. It has a vesting period of 3 years after the date of the conditional award of shares (grant). The grants have been approved and issued by the board and accordingly, clearance to deal provided. GRANT TO DIRECTORS AND PRESCRIBED OFFICERS Pursuant to directors and prescribed officers accepting the 2022 grant and participating in terms of the LTIP Rules, the following information is disclosed: Director: Hendrik Jacobus Verster Company: ArcelorMittal South Africa Limited Class of securities: Ordinary shares Date of acceptance of grant: 11 August 2022 Number of LTIP shares: 1 059 816 Grant Price: R6.15 Total value of transaction: R6,520,497 Nature of transaction: Off market acceptance of LTIP Grant in terms of Scheme Rules Nature of interest: Direct beneficial Prescribed Officer: Gaurav Nagpal Company: ArcelorMittal South Africa Limited Class of securities: Ordinary shares Date of acceptance of grant: 11 August 2022 Number of LTIP shares: 489 262 Grant Price: R6.15 Total value of transaction: R3,010,175 Nature of transaction: Off market acceptance of LTIP Grant in terms of Scheme Rules Nature of interest: Direct beneficial Prescribed Officer: Jacobus Petrus Stephanus Olivier Company: ArcelorMittal South Africa Limited Class of securities: Ordinary shares Date of acceptance of grant: 11 August 2022 Number of LTIP shares: 373 898 Grant Price: R6.15 Total value of transaction: R2,300,400 Nature of transaction: Off market acceptance of LTIP Grant in terms of Scheme Rules Nature of interest: Direct beneficial Prescribed Officer: Mohamed Adam Company: ArcelorMittal South Africa Limited Class of securities: Ordinary shares Date of acceptance of grant: 11 August 2022 Number of LTIP shares: 354 238 Grant Price: R6.15 Total value of transaction: R2,179,442 Nature of transaction: Off market acceptance of LTIP Grant in terms of Scheme Rules Nature of interest: Direct beneficial Prescribed Officer: Werner Venter Company: ArcelorMittal South Africa Limited Class of securities: Ordinary shares Date of acceptance of grant: 11 August 2022 Number of LTIP shares: 297 597 Grant Price: R6.15 Total value of transaction: R1,830,960 Nature of transaction: Off market acceptance of LTIP Grant in terms of Scheme Rules Nature of interest: Direct beneficial Prescribed Officer: Jacobus Frederick Swart Company: ArcelorMittal South Africa Limited Class of securities: Ordinary shares Date of acceptance of grant: 11 August 2022 Number of LTIP shares: 307 778 Grant Price: R6.15 Total value of transaction: R1,893,598 Nature of transaction: Off market acceptance of LTIP Grant in terms of Scheme Rules Nature of interest: Direct beneficial Prescribed Officer: Jacques Kotze Company: ArcelorMittal South Africa Limited Class of securities: Ordinary shares Date of acceptance of grant: 11 August 2022 Number of LTIP shares: 270 915 Grant Price: R6.15 Total value of transaction: R1,666,799 Nature of transaction: Off market acceptance of LTIP Grant in terms of Scheme Rules Nature of interest: Direct beneficial Prescribed Officer: Sedick Achmat Company: ArcelorMittal South Africa Limited Class of securities: Ordinary shares Date of acceptance of grant: 11 August 2022 Number of LTIP shares: 258 042 Grant Price: R6.15 Total value of transaction: R1,587,598 Nature of transaction: Off market acceptance of LTIP Grant in terms of Scheme Rules Nature of interest: Direct beneficial Prescribed Officer: Gavin Anthony Griffiths Company: ArcelorMittal South Africa Limited Class of securities: Ordinary shares Date of acceptance of grant: 11 August 2022 Number of LTIP shares: 182 926 Grant Price: R6.15 Total value of transaction: R1,125,449 Nature of transaction: Off market acceptance of LTIP Grant in terms of Scheme Rules Nature of interest: Direct beneficial Prescribed Officer: Tamsanqa Sydney Didiza Company: ArcelorMittal South Africa Limited Class of securities: Ordinary shares Date of acceptance of grant: 11 August 2022 Number of LTIP shares: 83 088 Grant Price: R6.15 Total value of transaction: R511,197 Nature of transaction: Off market acceptance of LTIP Grant in terms of Scheme Rules Nature of interest: Direct beneficial Prescribed Officer: Susanna Margaretha van Wyk Company: ArcelorMittal South Africa Limited Class of securities: Ordinary shares Date of acceptance of grant: 11 August 2022 Number of LTIP shares: 86 365 Grant Price: R6.15 Total value of transaction: R531,359 Nature of transaction: Off market acceptance of LTIP Grant in terms of Scheme Rules Nature of interest: Direct beneficial Vanderbijlpark Works 12 August 2022 For further information please contact: Mr Tami Didiza: Group Manager: Stakeholder Engagement 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)
