Highveld - Dealing In Securities By A Director
Highveld Steel and Vanadium Corporation Limited
A member of the Anglo American plc Group
Registration no. 1960/001900/06
(Incorporated in the Republic of South Africa)
(`Highveld` or `the corporation`)
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 was disclosed on 7 March 2005 wherein the chairman, Mr TE
Jones exercised share options as follows:
Strike price : R28.75
Vesting date : 14.08.1995
Exercise date : 07.03.2005
Number of shares : 30 000
Total value : R862 500.00
Nature of interest : Direct beneficial
Mr TE Jones sold the above shares on 8 March 2005 and 9 March 2005 respectively.
The shares, which he took delivery of following the exercise of the option, have
been sold on the following terms:
Transaction date : 8 March 2005
Number of shares : 11 500
Class of security : Ordinary shares of 100 cent each
Transaction price : R51.4291
Total value : R591 434.65
Extend of interest : Direct beneficial
Transaction date : 9 March 2005
Number of shares : 18 500
Class of security : Ordinary shares of 100 cent each
Transaction price : R50.7589
Total value : R939 039.65
Extend of interest : Direct beneficial
In terms of Section 3.66 of the Listings Requirements prior clearance to deal in
the above securities has been obtained from the designated director of the Board
of Highveld.
Witbank
10 March 2005
Sponsor
JP MORGAN EQUITIES LIMITED
Date: 10/03/2005 04:37:37 PM
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