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Ispat Iscor - Resignation of Director                                           
Ispat Iscor Limited                                                             
(Formerly Iscor Limited)                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration Number 1989/002164/06)                                            
Share Code:  IIS    ISIN: ZAE000057162                                          
(`Ispat Iscor`)                                                                 
RESIGNATION OF DIRECTOR                                                         
Mr R G Cottrell, Non-Executive Director, resigned from the Board of Ispat Iscor 
Limited today.                                                                  
The Board in its meeting accepted Mr Cottrell`s resignation with regret.        
Pretoria                                                                        
10 December 2004                                                                
Sponsor to Ispat Iscor:                                                         
Deutsche Securities (SA) (Proprietary) Limited

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