Wrap Text
Results of the Annual General Meeting held on 26 June 2026
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 26 June 2026.
At the AGM of the shareholders of ArcelorMittal South Africa held on Friday, 26 June 2026, 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 1 138 059 710
A1 ordinary shares 243 240 276
A2 ordinary shares 72 972 083
Total number of shares in issue 1 454 272 069
Treasury shares (excluded from voting) 23 447 036
Total number of shares represented (including proxies) at the AGM 1 180 945 373
Total number of shares represented (including proxies) the AGM
as % of voteable shares 83%
The voting results on the total ordinary shares, A1 ordinary shares, and A2 ordinary shares are set
out below.
Voting results ordinary shares:
Ordinary resolution number 1 - Appointment of auditors
For Against Abstain Shares Voted
1 180 903 499 41 857 1 1 180 945 356
100.00% 0.00% 0.00% 82.54%
Ordinary resolution number 2.1 - Re-election of Mr GS Gouws
For Against Abstain Shares Voted
1 180 805 766 139 523 1 1 180 945 289
99.99% 0.01% 0.00% 82.54%
Ordinary resolution number 2.2 - Re-election of Mr NF Nicolau
For Against Abstain Shares Voted
1 180 898 499 46 790 1 1 180 945 289
100.00% 0.00% 0.00% 82.54%
Page 1 of 14
Ordinary resolution 2.3 - Re-election of Ms D Earp
For Against Abstain Shares Voted
1 180 898 499 46 790 1 1 180 945 289
100.00% 0.00% 0.00% 82.54%
Ordinary resolution number 3.1 - Appointment of Ms D Earp as audit and risk committee member
For Against Abstain Shares Voted
1 180 898 499 46 790 1 1 180 945 289
100.00% 0.00% 0.00% 82.54%
Ordinary resolution number 3.2 - Appointment of Ms LC Cele as audit and risk committee member
For Against Abstain Shares Voted
1 180 876 861 68 428 1 1 180 945 289
99.99% 0.01% 0.00% 82.54%
Ordinary resolution number 3.3 - Appointment of Mr NF Nicolau as audit and risk committee member
For Against Abstain Shares Voted
1 180 898 499 46 790 1 1 180 945 289
100.00% 0.00% 0.00% 82.54%
Ordinary resolution number 4.1: Election of Mr GS Gouws as social and ethics, human resources and
nomination committee member
For Against Abstain Shares Voted
1 180 898 499 46 790 1 1 180 945 289
100.00% 0.00% 0.00% 82.54%
Ordinary resolution number 4.2: Election of Ms D Earp as social and ethics, human resources and
nomination committee member
For Against Abstain Shares Voted
1 180 898 499 46 790 1 1 180 945 289
100.00% 0.00% 0.00% 82.54%
Ordinary resolution number 4.3: Election of Mr NF Nicolau*as social and ethics, human resources and
nomination committee member
For Against Abstain Shares Voted
1 180 898 499 46 790 1 1 180 945 289
100.00% 0.00% 0.00% 82.54%
Ordinary resolution number 4.4: Election of Mr BL Davey as social and ethics, human resources and
nomination committee member
For Against Abstain Shares Voted
1 180 884 861 60 428 1 1 180 945 289
99.99% 0.01% 0.00% 82.54%
Page 2 of 14
Ordinary resolution number 4.5: Election of Mr R Karol as social and ethics, human resources and
nomination committee member
For Against Abstain Shares Voted
1 180 884 861 60 428 1 1 180 945 289
99.99% 0.01% 0.00% 82.54%
Ordinary resolution number 4.6: Election of Mr K Verster as social and ethics, human resources and
nomination committee member
For Against Abstain Shares Voted
1 180 898 499 46 790 1 1 180 945 289
100.00% 0.00% 0.00% 82.54%
Ordinary resolution number 4.7: Election of Prof B Mohale as social and ethics, human resources and
nomination committee member
For Against Abstain Shares Voted
1 180 890 499 54 790 1 1 180 945 289
100.00% 0.00% 0.00% 82.54%
Ordinary resolution number 4.8: Election of Ms LC Cele as social and ethics, human resources and
nomination committee member
For Against Abstain Shares Voted
1 180 876 861 68 428 1 1 180 945 289
99.99% 0.01% 0.00% 82.54%
Non-Binding, Advisory Ordinary Resolution Number 5.1- Endorsement of the remuneration policy
For Against Abstain Shares Voted
1 180 784 045 160 744 501 1 180 944 789
99.99% 0.01% 0.00% 82.54%
Non-Binding, Advisory Ordinary Resolution Number 5.2- Implementation of the remuneration policy
For Against Abstain Shares Voted
1 180 792 045 152 744 501 1 180 944 789
99.99% 0.01% 0.00% 82.54%
Special resolution number 1.1.- Approval of non-executive directors' fees – Chairperson (all-in annual fee)
For Against Abstain Shares Voted
1 180 889 632 55 657 1 1 180 945 289
100.00% 0.00% 0.00% 82.54%
Special resolution number 1.2.- Approval of non-executive directors' fees – Director (annual retainer and
attendance per board meeting)
For Against Abstain Shares Voted
1 180 782 153 163 136 1 1 180 945 289
99.99% 0.01% 0.00% 82.54%
Page 3 of 14
Special resolution number 1.3.- Approval of non-executive directors' fees – Audit and risk committee
chairperson
For Against Abstain Shares Voted
1 180 890 112 55 177 1 1 180 945 289
100.00% 0.00% 0.00% 82.54%
Special resolution number 1.4.- Approval of non-executive directors' fees – Audit and risk committee
member
For Against Abstain Shares Voted
1 180 890 112 55 177 1 1 180 945 289
100.00% 0.00% 0.00% 82.54%
Special resolution number 1.5.- Approval of non-executive directors' fees – Social and ethics, human
resources and nomination committee member chairperson
For Against Abstain Shares Voted
1 180 890 112 55 177 1 1 180 945 289
100.00% 0.00% 0.00% 82.54%
Special resolution number 1.6.- Approval of non-executive directors' fees – Social and ethics, human
resources and nomination committee member
For Against Abstain Shares Voted
1 180 890 112 55 177 1 1 180 945 289
100.00% 0.00% 0.00% 82.54%
Special resolution number 1.7.- Approval of non-executive directors' fees – Safety, security, health and
environmental committee chairperson
For Against Abstain Shares Voted
1 180 890 112 55 177 1 1 180 945 289
100.00% 0.00% 0.00% 82.54%
Special resolution number 1.8 - Approval of non-executive directors' fees - Safety, health, and environment
committee member
For Against Abstain Shares Voted
1 180 890 112 55 177 1 1 180 945 289
100.00% 0.00% 0.00% 82.54%
Special resolution number 1.9 - Approval of non-executive directors' fees - Any ad hoc or other committee
appointed by the board (chairperson)
For Against Abstain Shares Voted
1 180 890 112 55 177 1 1 180 945 289
100.00% 0.00% 0.00% 82.54%
Page 4 of 14
Special resolution number 1.10 - Approval of non-executive directors' fees - Any ad hoc or other committee
appointed by the board (member)
For Against Abstain Shares Voted
1 180 890 112 55 177 1 1 180 945 289
100.00% 0.00% 0.00% 82.54%
Special resolution number 1.11 - Approval of non-executive directors' fees - Non-executive director serving
as share trust committee chairperson
For Against Abstain Shares Voted
1 180 890 112 55 177 1 1 180 945 289
100.00% 0.00% 0.00% 82.54%
Special resolution number 1.12 - Approval of non-executive directors' fees - Non-executive director serving
as share trust committee member
For Against Abstain Shares Voted
1 180 890 112 55 177 1 1 180 945 289
100.00% 0.00% 0.00% 82.54%
Special resolution number 2 - Financial assistance to related or inter-related company
For Against Abstain Shares Voted
1 180 895 779 49 510 1 1 180 945 289
100.00% 0.00% 0.00% 82.54%
Ordinary resolution number 6 - Authority to implement resolutions passed at the annual general meeting.
For Against Abstain Shares Voted
1 180 804 050 141 239 1 1 180 945 289
99.99% 0.01% 0.00% 82.54%
(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 A1 ordinary shares
Ordinary resolution number 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 number 2.1 - Re-election of Mr GS Gouws
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Page 5 of 14
Ordinary resolution number 2.2 - Re-election of Mr NF Nicolau
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Ordinary resolution 2.3 - Re-election of Ms D Earp
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 3.1 - Appointment 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 number 3.2 - Appointment 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 number 3.3 - Appointment 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%
Ordinary resolution number 4.1 - Election of Mr GS Gouws as social and ethics, human resources and
nomination committee member
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 4.2 - Election of Ms D Earp as social and ethics, human resources and
nomination committee member
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 4.3: Election of Mr NF Nicolau as social and ethics, human resources and
nomination committee member
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Page 6 of 14
Ordinary resolution number 4.4: Election of Mr BL Davey as social and ethics, human resources and
nomination committee member
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 4.5: Election of Mr R Karol as social and ethics, human resources and
nomination committee member
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 4.6: Election of Mr K Verster as social and ethics, human resources and
nomination committee member
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 4.7: Election of Prof B Mohale as social and ethics, human resources and
nomination committee member
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 4.8: Election of Ms LC Cele as social and ethics, human resources and
nomination committee member
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Non-Binding, Advisory Ordinary Resolution Number 5.1- Endorsement of the remuneration policy
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Non-Binding, Advisory Ordinary Resolution Number 5.2- Implementation of the remuneration policy
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Special resolution number 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%
Page 7 of 14
Special resolution number 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 number 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 number 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 number 1.5.- Approval of non-executive directors' fees – Social and ethics, human
resources and nomination committee chairperson
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Special resolution number 1.6.- Social and ethics, human resources and nomination committee member
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Special resolution number 1.7.- 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 number 1.8 - Approval of non-executive directors' fees - Safety, health, and environment
committee member
For Against Abstain Shares Voted
243 240 276 - - 243 240 276
100,00% 0,00% 0,00% 100,00%
Page 8 of 14
Special resolution number 1.9 - 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 number 1.10 - 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 number 1.11 - 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% 100,00%
Special resolution number 1.12 - 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 number 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 number 6 - 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% 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).
Voting results A2 ordinary shares
Ordinary resolution number 1 - Appointment of auditors
For Against Abstain Shares Voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Page 9 of 14
Ordinary resolution number 2.1 - Re-election of Mr GS Gouws
For Against Abstain Shares Voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 2.2 - Re-election of Mr NF Nicolau
For Against Abstain Shares Voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Ordinary resolution 2.3 - Re-election of Ms D Earp
For Against Abstain Shares Voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 3.1 - Appointment 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 number 3.2 - Appointment 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%
Ordinary resolution number 3.3 - Appointment 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%
Ordinary resolution number 4.1 - Appointment of Mr GS Gouws as social and ethics, human resources and
nomination committee member
For Against Abstain Shares Voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 4.2 - Appointment of Ms D Earp as social and ethics, human resources and
nomination committee member
For Against Abstain Shares Voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Page 10 of 14
Ordinary resolution number 4.3 - Appointment of Mr NF Nicolau as social and ethics, human resources and
nomination committee member
For Against Abstain Shares Voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Ordinary resolution number 4.4 - Appointment of Mr BL Davey as social and ethics, human resources and
nomination committee member
For Against Abstain Shares Voted
1 180 894 861 60 428 1 1 180 945 289
99.99% 0.01% 0.00% 82.54%
Ordinary resolution number 4.5 - Appointment of Mr R Karol as social and ethics, human resources and
nomination committee member
For Against Abstain Shares Voted
1 180 884 861 60 428 1 1 180 945 289
99.99% 0.01% 0.00% 82.54%
Ordinary resolution number 4.6 - Appointment of Mr HJ Verster as social and ethics, human resources and
nomination committee member
For Against Abstain Shares Voted
1 180 898 499 46 790 1 1 180 945 289
100.00% 0.00% 0.00% 82.54%
Ordinary resolution number 4.7 - Election of Prof B Mohale as social and ethics, human resources and
nomination committee member
For Against Abstain Shares Voted
1 180 890 499 54 790 1 1 180 945 289
100.00% 0.00% 0.00% 82.54%
Ordinary resolution number 4.8 - Election of Ms LC Cele as social and ethics, human resources and
nomination committee member
For Against Abstain Shares Voted
1 180 876 861 68 428 1 1 180 945 289
99.99% 0.01% 0.00% 82.54%
Non-Binding, Advisory Ordinary Resolution Number 5.1- Endorsement of the remuneration policy
For Against Abstain Shares Voted
1 180 784 045 160 744 501 1 180 944 789
99.99% 0.01% 0.00% 82.54%
Non-Binding, Advisory Ordinary Resolution Number 5.2- Implementation of the remuneration policy
For Against Abstain Shares Voted
1 180 792 045 152 744 501 1 180 944 789
99.99% 0.01% 0.00% 82.54%
Page 11 of 14
Special resolution number 1.1.- Approval of non-executive directors' fees – Chairperson (all-in annual fee)
For Against Abstain Shares Voted
1 180 889 632 55 657 1 1 180 945 289
100.00% 0.00% 0.00% 82.54%
Special resolution number 1.2.- Approval of non-executive directors' fees – Director (annual retainer and
attendance per board meeting)
For Against Abstain Shares Voted
1 180 782 153 68 428 1 1 180 945 289
99.99% 0.01% 0.00% 82.54%
Special resolution number 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 number 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 number 1.5.- Approval of non-executive directors' fees – Social and ethics, human
resources and nomination committee chairperson
For Against Abstain Shares Voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Special resolution number 1.6.- Approval of non-executive directors' fees – Social and ethics, human
resources and nomination committee member
For Against Abstain Shares Voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Special resolution number 1.7.- 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%
Page 12 of 14
Special resolution number 1.8 - Approval of non-executive directors' fees - Safety, health, and environment
committee member
For Against Abstain Shares Voted
72 972 083 - - 72 972 083
100,00% 0,00% 0,00% 100,00%
Special resolution number 1.9 - 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 number 1.10 - 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%
Special resolution number 1.11 - 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 number 1.12 - 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 number 2 - Financial assistance to related or inter-related company
For Against Abstain Shares Voted
1 180 895 779 49 510 1 1 180 945 289
100.00% 0.00% 0.00% 82.54%
Ordinary resolution number 6 - 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).
29 June 2026
Vanderbijlpark Works
Sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking division)
Date: 29-06-2026 02:00:00
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