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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 GENERAL LTIP PARTICIPANTS Pursuant to 83 employees (LTIP participants) accepting the 2022 grant and participating in terms of the LTIP Rules, the following information is disclosed: Company: ArcelorMittal South Africa Class of securities: Ordinary shares Date of acceptance of allocation: 16 August 2022 Number of LTIP shares: 5 186 746 Grant price: R6.15 Total value of transaction: R31 911 353 Nature of transaction: Off market acceptance of LTIP grant in terms of Scheme Rules Nature of interest: Direct Beneficial Vanderbijlpark Works 16 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)
