ARCELORMITTAL SOUTH AFRICA LIMITED - Further Cautionary Announcement

Further Cautionary Announcement

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 being released on 20 April 2026.

Shareholders should note that while ArcelorMittal South Africa, ArcelorMittal Group, and the Industrial
Development Corporation Limited continue to engage in respect of a potential transaction, the parties have not
finalised an agreement on the transaction, and accordingly the anticipated timeline has been delayed.

The discussions remain subject to the conclusion of definitive agreements and receipt of various approvals.

The Company notes that there has been progress on the implementation of customs duties and other trade
remedies and further progress with the negotiation of a reduced electricity tariff.

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

3 June 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)

Date: 03-06-2026 10:00:00
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