Highveld Steel And Vanadium Corporation Limited - Dealing In Shares 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 SHARES BY A DIRECTOR
In compliance with Rule 3.63 - 3.74 of the JSE Listings Requirements, the
following information is disclosed wherein a director, Mr E Barnado has
exercised share options as follows:
Strike price : R12.50
Vesting date : 6 July 1998
Exercise date : 21 April 2004
Number of shares : 10 000
Mr E Barnado sold a portion of the shares, which he took delivery of following
the exercise of the option, as follows:
Transaction : 22 April 2004
Date:
Number of : 2 950
Shares:
Class of : Ordinary Shares of 100 cents each
security
Transaction : 2325 cents
Price:
Total value : R68 587.50
Extent of : Direct beneficial
Interest
Transaction : 23 April 2004
Date
Number of : 5 574
Shares
Class of : Ordinary Shares of 100 cents each
security
Transaction : 2335 cents
Price
Total value : R130 152.90
Extent of : Direct beneficial
Interest
In terms of Section 3.66 of the JSE Listings Requirements prior clearance to
deal in the above securities has been obtained from Mr TE Jones, Chairman of the
Board of Highveld.
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