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Wed 22 Sep 2004, 11:42 DEALING IN SECURITIES BY THE COMPANY SECRETARY
HIGHVELD - DEALING IN SECURITIES BY THE COMPANY SECRETARY                       
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                                        
DEALING IN SECURITIES BY THE COMPANY SECRETARY                                  
In compliance with the relevant provisions of the JSE Listings Requirements, the
following information was disclosed on 17 September 2004 wherein the company    
secretary, Mr J Theiss exercised share options as follows:                      
Strike price                  : R12.50                                          
Vesting date                  : 06.07.1998                                      
Exercise date                 : 17.09.2004                                      
Number of shares              : 2 000                                           
Total value                   : R25 000                                         
Nature of interest            : Direct beneficial                               
Mr Theiss sold the above shares on 20 September 2004. The shares, which he took 
delivery of following the exercise of the options, have been sold on the        
following terms:                                                                
Transaction date              : 20.09.2004                                      
Number of shares              : 2 000                                           
Class of security             : Ordinary shares of 100 cent each                
Transaction price             : R28.3027                                        
Total value                   : R56 605.40                                      
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                                                                         
22 September 2004                                                               
Sponsor                                                                         
CAZENOVE                                                                        
Date: 22/09/2004 11:35:02 AM 
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