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HIGHVELD STEEL AND VANADIUM CORPORATION LIMITED - CHANGE IN DIRECTORATE         
  HIGHVELD STEEL AND VANADIUM CORPORATION LIMITED                                 
  Registration no. 1960/001900/06                                                 
  (Incorporated in the Republic of South Africa)                                  
  (the "corporation")                                                             
  A member of the Anglo American plc group                                        
  Share code: HVL                                                                 
  ISIN code: ZAE000003422                                                         
  CHANGE IN DIRECTORATE                                                           
  Mr BE Davison has given notice of his resignation as director of the corporation
  with effect from 16 September 2003.                                             
  Mr PM Baum"s appointment as alternate director to Mr BE Davison is accordingly  
  withdrawn with effect from 16 September 2003.                                   
  Witbank                                                                         
  16 September 2003                                                               
  Sponsor                                                                         
  CAZENOVE                                                                        
  Date: 16/09/2003 05:16:04 PM Produced by the JSE SENS Department                
                                                                                  

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