ArcelorMittal SA to deliver strong set of results

Vanderbijlpark – ArcelorMittal South Africa is expected to deliver a strong set of results for the six months ending 30 June 2021. The company expects headline earnings per share (“HEPS”) and earnings per share (“EPS”) to be positive compared to a headline loss of R2 613 million and a loss of R2 304 million for the six months ended 30 June 2020.

While the company must still prepare the actual results for the six months ending 30 June 2021 (Period), and based on currently available information, shareholders are advised that the

Company expects:

• headline earnings for the Period to improve by at least R4 500 million to at least R1 890 million resulting in an improvement in headline earnings per share by at least R4,15 from a headline loss per share of R2,39 as at 30 June 2020 to a headline profit per share of R1,76 for the 30 June 2021.
• earnings for the Period to improve by at least R4 000 million to earnings of at least R1 690 million, resulting in improvement in earnings per share by at least R3,68 cents from a loss per share of R2,11 as at 30 June 2020 to a profit per share of R1,57 for the 30 June 2021

The forecast financial information on which this trading statement is based has not been reviewed and reported on by the external auditors of the Company.

ArcelorMittal South Africa’s results for the six months ending 30 June 2021 will be released on SENS on 29 July 2021, with a virtual presentation on the same day. The presentation will be available for all stakeholders on the Company’s website at www.arcelormittalsa.com.