| Rank | Shareholder Name | Units Held at end | | % of Issued Capital |
| 1 | ARCELORMITTAL SOUTH AFRICA LTD | 84,801,192 | | 15.98% |
| 2 | NORTRUST NOMINEES LIMITED | 64,399,869 | | 12.14% | |
| 3 | GOLDMAN SACHS SECURITIES (NOMINEES) LIMITED | 40,593,000 | | 7.65% |
| 4 | STATE STREET NOMINEES LIMITED | 38,014,964 | | 7.17% |
| 5 | STANDARD BANK NOMINEES (TRANSVAAL) | 33,530,512 | | 6.32% |
| 6 | NATIONAL NOMINEES LIMITED | 21,880,486 | | 4.12% |
| 7 | GREENWOOD NOMINEES LIMITED | 18,395,016 | | 3.47% |
| 8 | NUTRACO NOMINEES LIMITED <781221> | 15,000,000 | | 2.83% |
| 9 | CHASE NOMINEES LIMITED | 14,000,000 | | 2.64% |
| 10 | AURORA NOMINEES LIMITED | 8,974,566 | | 1.69% |
| 11 | J P MORGAN NOMINEES AUSTRALIA LIMITED | 8,425,177 | | 1.59% |
| 12 | PRUDENTIAL CLIENT HSBC GIS NOMINEE (UK) LIMITED | 7,894,134 | | 1.49% |
| 13 | HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED | 7,582,124 | | 1.43% |
| 14 | NORTRUST NOMINEES LIMITED | 7,377,265 | | 1.39% |
| 15 | J.P. MORGAN SECURITIES LTD | 6,795,900 | | 1.28% |
| 16 | LYNCHWOOD NOMINEES LIMITED | 6,602,005 | | 1.24% |
| 17 | JANNIE ABRAHAM NEL | 5,000,000 | | 0.94% |
| 18 | NORTRUST NOMINEES LIMITED | 4,000,000 | | 0.75% |
| 19 | NORTRUST NOMINEES LIMITED | 3,689,941 | | 0.70% |
| 20 | CREDIT SUISSE SECURITIES (EUROPE) LIMITED | 3,510,556 | | 0.66% |