Enhanced Investments - Financial Portal

Further Cautionary Announcement

Published: 2026-01-22 11:06:18 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”)


FURTHER CAUTIONARY ANNOUNCEMENT


Shareholders are referred to the various cautionary announcements released on the Stock Exchange
News Service of the JSE Limited, the most recent of which was released on 17 December 2025.

Shareholders should note that: (i) ArcelorMittal South Africa, ArcelorMittal Group, and the Industrial
Development Corporation SOC Limited are engaged in advanced discussions to find a sustainable
solution based on a non-binding term sheet regarding a potential transaction;(ii) these discussions
remain subject to definitive agreements and multiple approvals;(iii) and there is no certainty that any
transaction will be concluded.

Further announcements will be made in relation to these matters as and when appropriate.

Accordingly, shareholders are advised to continue to exercise caution when dealing in the
Company's securities until a further announcement is made.

The board of directors of ArcelorMittal South Africa collectively and individually accepts responsibility for
the information contained in this further cautionary announcement insofar as it relates to the Company.



Vanderbijlpark

22 January 2026

For further information please contact:
Tami Didiza: Manager: Corporate Communications
Tel: (016) 889 2549/ (016) 889 4100

Company Secretary
FluidRock Co Sec (Pty) Ltd
Tel: (016) 889 4077

Sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking division)

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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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.