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Fri 10 Aug 2007, 11:54 HVL - Highveld - Dealing in securities by a direct
HVL
 HVL                                                                             
    HVL - Highveld - Dealing in securities by a director                        
                                                                                
    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                                                    
                                                                                
    DEALING IN SECURITIES BY A DIRECTOR                                         
                                                                                
In compliance with the relevant provisions of the JSE Listings              
    Requirements, the following information was disclosed wherein an Executive  
    Director, Mr E Barnardo and two Independent Non-executive Directors, Messrs 
    L Boyd and BJT Shongwe disposed of their shares as follows:                 
Mr E Barnardo                                                               
                                                                                
                                                                                
    Transaction date         :  6 August 2007                                   
Number of shares         :  5 000                                           
    Class of security        :  Ordinary shares of 100 cent each                
    Transaction price        :  R93.00                                          
    Total value              :  R465 000.00                                     
Extent of interest       :  Direct beneficial                               
    Mr L Boyd                                                                   
                                                                                
                                                                                
Transaction date         :  6 August 2007                                   
    Number of shares         :  7 712                                           
    Class of security        :  Ordinary shares of 100 cent each                
    Transaction price        :  R93.00                                          
Total value              :  R717 216.00                                     
    Extent of interest       :  Direct beneficial                               
    Mr BJT Shongwe                                                              
                                                                                

    Transaction date         :  6 August 2007                                   
    Number of shares         :  1 680                                           
    Class of security        :  Ordinary shares of 100 cent each                
Transaction price        :  R93.00                                          
    Total value              :  R156 240.00                                     
    Extent of interest       :  Direct beneficial                               
                                                                                
Prior clearance in terms of Section 3.66 of the Listings Requirements to    
    deal in the above securities was not required as this sale was effected in  
    the course of an offer to minority shareholders.  Furthermore, in the       
    announcement of 16 July 2007 the Directors of Highveld who were             
shareholders indicated that they would be accepting this offer.             
                                                                                
    Emalahleni                                                                  
    10 August 2007                                                              

    Sponsor                                                                     
    J.P. Morgan Equities Limited                                                
Date: 10/08/2007 11:54:29 Produced by the JSE SENS Department.                  
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