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ISPAT ISCOR LIMITED - RESIGNATION OF DIRECTOR                                   
Ispat Iscor Limited                                                             
Formerly Iscor LimitedÙ                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration Number 1989/002164/06)                                            
Share Code:  IIS    ISIN: ZAE000057162                                          
(`Ispat Iscor`)                                                                 
RESIGNATION OF DIRECTOR                                                         
Mr Louis van Niekerk, Deputy Chairman, resigned from the Board of Ispat Iscor on
Wednesday, December 22, 2004.                                                   
The Board has accepted Mr van Niekerk`s resignation with regret.                
Pretoria                                                                        
23 December 2004                                                                
Sponsor to Ispat Iscor:                                                         
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 23/12/2004 11:56:12 AM                   
Produced by the JSE SENS Department

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