HIGHVELD STEEL AND VANADIUM CORPORATION LIMITED - EXERCISE OF SHARE OPTIONS BY
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
A member of the Anglo American plc group
EXERCISE OF SHARE OPTIONS BY DIRECTOR
In compliance with the relevant provisions of the JSE Listings Requirements, the
following information is disclosed wherein an executive director, Mr E Barnardo
has exercised options as follows:
Strike price : R10.50
Vesting date : 02.02.1998
Exercise date : 06.08.2004
Number of shares : 5 000
Strike price : R12.50
Vesting date : 06.07.1998
Exercise date : 06.08.2004
Number of shares : 15 000
Mr E Barnardo sold a portion of the shares, which he took delivery of following
the exercise of the options, as follows:
Transaction : 12 August 2004
date
Number of : 14 000
shares
Class of : Ordinary shares of 100 cent each
security
Transaction : R24.4517
price
Total value : R342 323.80
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.
Witbank
13 August 2004
Sponsor
Cazenove
Date: 13/08/2004 12:21:03 PM
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