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HVL
HVL
HVL - Highveld - Results Of The Offer By Evraz Group S.A. ("Evraz") To
Acquire The Entire Issued Share Capital Of Highveld, Other
Than Those Shares Currently Held By Evraz
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
RESULTS OF THE OFFER BY EVRAZ GROUP S.A. ("EVRAZ") TO ACQUIRE THE
ENTIRE ISSUED SHARE CAPITAL OF HIGHVELD, OTHER THAN THOSE SHARES
CURRENTLY HELD BY EVRAZ.
The offer made by Evraz on 4 June 2007 for the entire issued share
capital of Highveld Steel and Vanadium Corporation Limited ("Highveld")
for a consideration of ZAR 93 ("offer") closed at 17h00 (SA time) on
6 August 2007.
Evraz confirms that as at the close of the offer, it had received
acceptances in respect of 1 879 070 Highveld shares representing 1.89
per cent of the entire issued share capital of Highveld. In aggregate,
Evraz confirms that it now holds 55 534 182 Highveld shares,
representing 56.01 per cent of the entire issued share capital of
Highveld.
Highveld shareholders are referred to the announcement on 1 August 2007
where Evraz advised that its board of directors had approved the
purchase of the 24.9 per cent stake in Highveld held by Credit Suisse
International ("Credit Suisse") in terms of an option agreement
concluded between Credit Suisse and Evraz during July 2006 ("option").
After the execution of the option, Evraz will hold 80 222 058 Highveld
shares, representing 80.9 per cent of the entire issued share capital
of Highveld. The option is to be executed before 1 October 2007.
7 August 2007
Contacts
Evraz Group S.A.
Irina Kibina Tatyana Drachuk
Vice President, Corporate Affairs Senior Manager, Media Relations
and Investor Relations
+7 495 232-1370
ir@evraz.com
The offer is not being made, directly or indirectly, in or into the
United States, Australia, Canada and Japan, and any jurisdiction where
the offer would or might constitute a violation of the laws of such
jurisdiction ("restricted jurisdiction"), or by use of the United
States (or any restricted jurisdiction) mails, or by any means or
instrumentality (including, without limitation, the post, facsimile
transmission, telex and telephone or electronic transmission by way of
the internet or otherwise) of interstate or foreign commerce of the
United States (or any restricted jurisdiction), or of any facility of a
securities exchange of the United States (or any restricted
jurisdiction). The offer cannot be accepted by any such use, means or
instrumentality or from within the United States (or any restricted
jurisdiction). No US person (or any person resident or located within
a restricted jurisdiction), and no person acting for the account or
benefit of any US person (or any person resident or located within a
restricted jurisdiction) shall be permitted to accept the offer. This
communication is not an extension of the offer in the United States (or
any restricted jurisdiction).
Attorneys to Evraz Group S.A.
Werksmans Attorneys
Corporate law advisors to Highveld Steel and Vanadium Corporation
Limited
Tabacks Corporate Law Advisors
Sponsor to Highveld Steel and Vanadium Corporation Limited
J.P. Morgan Equities Limited
Date: 07/08/2007 17:00:01 Produced by the JSE SENS Department.
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