ArcelorMittal South Africa Annual Report 2009 Directors’ responsibility and approval of the group and company annual financial statements To the members of ArcelorMittal South Africa Limited The directors are required by the Companies Act 61 of 1973, as amended, to maintain adequate accounting records and are responsible for the content and integrity of the group and company annual financial statements and related financial information included in this report. It is their responsibility to ensure that the annual financial statements fairly present the state of affairs of the group and company as at the end of the financial year and the results of its operations and cash flow for the financial year, in conformity with International Financial Reporting Standards, Listings Requirements of the JSE Limited and applicable legislation. The group’s external auditors are engaged to express an independent opinion on the group and company annual financial statements. In order for the directors to discharge their responsibilities, management has developed and continues to maintain a system of internal control aimed at reducing the risk of error or loss in a cost-effective manner. The directors, primarily through the Audit Committee, which consists of independent non-executive directors, meet periodically with the external and internal auditors, as well as executive management to evaluate matters concerning accounting policies, internal control, auditing and and financial reporting. The group’s internal auditors independently evaluate the internal controls. The external auditors are responsible for reporting on the financial statements. The external and internal auditors have unrestricted access to all records, property and personnel as well as to the Audit Committee. The directors are not aware of any material breakdown in the functioning of these controls and systems during the period under review. The directors are of the opinion, based on the information and explanations given by management and the internal auditors, that the system of internal control provides reasonable assurance that the financial records may be relied on for the preparation of the group and company annual financial statements. However, any system of internal financial control can provide only reasonable, and not absolute assurance against material misstatement or loss. The directors have reviewed the group’s and company’s financial budgets for the year to 31 December 2010. In light of the current financial position and existing borrowing facilities, they consider it appropriate that the annual financial statements continue to be prepared on the going-concern basis. The external auditors have audited the annual financial statements of the group and company and their modified report appears on page 64. The directors of the company accept responsibility for the annual financial statements which were approved by of directors on 19 March 2010 and are signed on its behalf by: NMC Nyembezi-Heita HJ Verster Chief Executive Officer Chief Financial Officer Certificate by Company Secretary In terms of section 268 (G) of the Companies Act 61 of 1973 ("the Act"), as amended, I certify that, to knowledge and belief, the company has, in respect of the financial year reported upon, lodged with Cipro all of a public company in terms of the Act and that all such returns are true, correct and up to date Premium Corporate Consulting Services (Proprietary) Limited Company Secretary 19 March 2010