ArcelorMittal South Africa 2007 Annual Report Page 193 Annexure 2:  Investments in subsidiaries (1)
Country
of
incorpo-
ration
 (2)
Issued
capital
unlisted
ordinary
shares
 Interest of company                 Shares                                            Indebtedness
2007
R
2006
R
2007
R
2006
R
 PROPERTY Yskor Landgoed (Proprietary) Limited
RSA
4 000
4 000
4 000
(94)
(94)
 MANUFACTURING Iscor Building System (Proprietary) Limited
RSA
100
100
100
 Saldanha Steel (Proprietary) Limited
RSA
2 000
1 009
1 009
(3)5 054
(3)3 461
 SERVICE Ferrosure (South Africa) Insurance Co Limited
RSA
1 000
3 000 000
3 000 000
 Ferrosure (Isle of Man) Insurance Co Limited(4)
IOM
70
12 011 246
12 011 246
 MSSA Investments BV
NEH
134 669
241 105 200
241 105 200
5
6
 Pybus Fifty-Seven (Proprietary) Limited
RSA
1
1 000
1 000
378
(32)
 Vicva Investments and Trading Nine (Proprietary) Limited
RSA
1
1 000
1 000
 Dombotema Mining Investments (Proprietary) Limited  
RSA
1
100
100
 Mabwetema Mining Investments (Proprietary) Limited
RSA
1
100
100
 Mittal Steel African Investments (5)         Mauritius
100
716
116
 ArcelorMittal South Africa Pipes and Tubes (Proprietary) Limited (6)
RSA
1
1
 Total investments in subsidiaries (note 19)
256 124 472
256 123 755
5 459
3 341
 (1)At 100% holding except where otherwise indicated. (2)RSA - Republic of South Africa, IOM - Isle of Man and NEH - The Netherlands. (3)This amount includes the Shareholders’ loan of R8 billion (December 2006: R8 billion) and intercompany advances of R3 billion (December 2006:  R3 billion), after the reversal of an impairment provision of R2,8 billion (refer note 9). (4)Issued capital is non-voting redeemable preference shares. (5)The company was registered on 25 January 2007. (6)The company was registered on 1 December 2006 and is dormant.