Highveld Steel And Vanadium Corporation Limited - Trading Statement
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
TRADING STATEMENT
In terms of the revised Listings Requirements of the JSE Securities Exchange
South Africa, a listed company must publish a trading statement as soon as it is
satisfied that a reasonable degree of certainty exists that the financial
results for the period to be reported upon next will differ by at least 20 per
cent from that of the previous corresponding period.
Highveld hereby notifies that it is expected that for the six month period
ending 30 June 2005, the headline earnings per share will increase to between
950 cents and 1150 cents per share and basic earnings per share will increase to
between 1150 cents and 1350 cents per share. The difference between the
headline and basic earnings per share is predominantly due to the sale of the
Columbus Stainless (Proprietary) Limited and Acerinox, S.A investments.
The main reasons for the increase are improved market conditions predominantly
in vanadium and a reduction in operating costs.
The information in this trading statement has not been reviewed and reported on
by the auditors of the corporation.
The results are expected to be published on or about 11 August 2005.
For and on behalf of the Board
Witbank
13 May 2005
Sponsor
JP Morgan Equities Limited
Date: 13/05/2005 05:30:03 PM
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