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Tue 2 Aug 2005, 16:20 EXERCISE OF SHARE OPTIONS BY A DIRECTOR
Highveld Steel And Vanadium Corporation Limited - Exercise Of Share Options By A
Director                                                                        
Highveld Steel and Vanadium Corporation LimitedA 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                                                        
EXERCISE OF SHARE OPTIONS BY A DIRECTOR                                         
In compliance with the relevant provisions of the JSE Listings Requirements, thefollowing information is disclosed wherein an executive director, Mr L Matteucci
exercised share options as follow:                                              
Strike price : R28.75                                                           
Vesting date : 14.08.1995Exercise     : 02.08.2005                                                       
date                                                                            
Number of    : 20 000                                                           
sharesTotal value  : R575 000.00                                                      
Nature of    : Direct                                                           
interest       beneficial                                                       
Strike price : R12.50Vesting date : 06.07.1998                                                       
Exercise     : 02.08.2005                                                       
date                                                                            
Number of    : 30 000shares                                                                          
Total value  : R375 000.00                                                      
Nature of    : Direct                                                           
interest       beneficialThe shares will be sold in due course for appropriate alignment with his desired
investment portfolio.                                                           
In terms of Section 3.66 of the Listings Requirements prior clearance to deal in
the above securities has been obtained from the chairman of the Board ofHighveld.                                                                       
Witbank                                                                         
2 August 2005                                                                   
SponsorJP MORGAN EQUITIES LIMITEDDate: 02/08/2005 04:11:33 PM Produced by the JSE SENS Department
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