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Mon 15 Aug 2005, 12:48 Highveld Steel And Vanadium Corporation Limited -
Highveld Steel And Vanadium Corporation Limited - Exercise Of Share Options 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                                                        
EXERCISE OF SHARE OPTIONS BY A DIRECTOR                                         
In compliance with the relevant provisions of the JSE Listings Requirements, the
following information is disclosed wherein an executive director, Mr L Matteucci
exercised share options as follow:                                              
Strike price  : R10.50                                                          
Vesting date  : 02.02.1998                                                      
Exercise date : 15.08.2005                                                      
Number of     : 12 500                                                          
shares                                                                          
Total value   : R131 250.00                                                     
Nature of     : Direct                                                          
interest        beneficial                                                      
The 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 of        
Highveld.                                                                       
Witbank                                                                         
15 August 2005                                                                  
Sponsor                                                                         
JP MORGAN EQUITIES LIMITED                                                      
Date: 15/08/2005 12:34:55 PM       
Produced by the JSE SENS Department                                             
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