| Rank | Shareholder Name | Units Held at end | | % of Issued Capital |
| 1 | ARCELORMITTAL SOUTH AFRICA LTD | 84,801,192 | | 15.98% |
| 2 | NORTRUST NOMINEES LIMITED | 62,936,941 | | 11.86% |
| 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) | 33,620,512 | | 6.34% |
| 6 | NATIONAL NOMINEES LIMITED | 21,830,609 | | 4.11% |
| 7 | GREENWOOD NOMINEES LIMITED | 18,395,016 | | 3.47% |
| 8 | NUTRACO NOMINEES LIMITED <781221> | 15,000,000 | | 2.83% |
| 9 | CHASE NOMINEES LIMITED | 13,980,185 | | 2.64% |
| 10 | AURORA NOMINEES LIMITED | 9,014,566 | | 1.70% |
| 11 | J P MORGAN NOMINEES AUSTRALIA LIMITED | 8,322,050 | | 1.57% |
| 12 | PRUDENTIAL CLIENT HSBC GIS NOMINEE (UK) LIMITED | 7,894,134 | | 1.49% |
| 13 | HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED | 7,550,931 | | 1.42% |
| 14 | J.P. MORGAN SECURITIES LTD | 7,401,320 | | 1.40% |
| 15 | NORTRUST NOMINEES LIMITED | 7,377,265 | | 1.39% |
| 16 | LYNCHWOOD NOMINEES LIMITED <2006420> | 6,276,511 | | 1.18% |
| 17 | JANNIE ABRAHAM NEL | 5,000,000 | | 0.94% |
| 18 | NORTRUST NOMINEES LIMITED | 3,805,000 | | 0.72% |
| 19 | VIDACOS NOMINEES LIMITED | 3,500,000 | | 0.66% |
| 20 | CITICORP NOMINEES PTY LIMITED | 3,488,162 | | 0.66% |