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Wed 25 Aug 2004, 13:47 DEALING IN SECURITIES BY A DIRECTOR
HIGHVELD STEEL AND VANADIUM CORPORATION LIMITED - 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 is disclosed wherein an executive director of this        
corporation, Mr E Barnardo has bought the following Highveld Steel and Vanadium 
Corporation Limited shares:                                                     
Transaction date           :    24 August 2004                                  
Number of shares           :    5 000                                           
Class of security          :    Ordinary shares of 100 cent each                
Transaction price          :    R29.00                                          
Total value                :    R145 000.00                                     
Extent of interest         :    Direct beneficial                               
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                                                                         
25 August 2004                                                                  
Sponsor                                                                         
Cazenove                                                                        
Date: 25/08/2004 01:14:24 PM                   
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