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Mon 30 Apr 2007, 11:07 HVL - Highveld - Further Cautionary Announcement
HVL
 HVL                                                                             
HVL - Highveld - Further Cautionary Announcement                                
Highveld Steel and Vanadium Corporation Limited                                 
Registration no. 1960/001900/06                                                 
(Incorporated in the Republic of South Africa)                                  
("Highveld")                                                                    
Share code:  HVL                                                                
ISIN code:  ZAE000003422                                                        
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Shareholders are referred to the initial Cautionary Announcement published on 26
October 2005, as well as to subsequent Cautionary Announcements, relating to the
sale by Anglo American plc ("Anglo American") of its shareholding in Highveld.  
The attention of shareholders is again drawn to the joint announcement issued by
Anglo American, Evraz Group S.A. ("Evraz") and Credit Suisse on 14 July 2006    
announcing that agreement had been reached in relation to the sale by Anglo     
American of its shares in Highveld, as well as to the Anglo American Interim    
Results Announcement dated 4 August 2006.                                       
The South African Competition Tribunal has, on 26 April 2007, approved the above
transaction on condition that the merging parties comply with the undertakings  
made in commitments provided to the European Commission.                        
Shareholders are advised to continue to exercise caution when dealing in        
Highveld shares until a further announcement is made.                           
Witbank                                                                         
30 April 2007                                                                   
Sponsor: J.P.Morgan Equities Limited                                            
Date: 30/04/2007 11:07:02 Produced by the JSE SENS Department.
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