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ISPAT ISCOR LIMITED - RESIGNATION OF NON-EXECUTIVE 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 NON-EXECUTIVE DIRECTOR                                           
Ms Cathie Markus, non- executive Director, resigned from the Board of Ispat     
Iscor on Wednesday, December 28, 2004.                                          
The Board has accepted Cathie Markus`s resignation with regret.                 
Vanderbijlpark                                                                  
29 December 2004                                                                
Sponsor to Ispat Iscor:                                                         
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 29/12/2004 02:00:08 PM          
Produced by the JSE SENS Department

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