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Tue 15 Nov 2005, 14:55 Investec - Declared dividend on Highveld Steel and
Investec - Declared dividend on Highveld Steel and Vanadium Corporation Limited 
           Enhanced Dividend Securities                                         
Investec Warrants                                                               
JSE Share Code: HVLIDA                                                          
JSE ISIN Code: ZAE000073680                                                     
DECLARED DIVIDEND ANNOUNCEMENT ON HIGHVELD STEEL AND VANADIUM CORPORATION       
LIMITED ENHANCED DIVIDEND SECURITIES - ("HVLIDA")                               
With reference to the dividend announcement, the Directors of Highveld Steel and
Vanadium Corporation Limited have declared an interim dividend of 430 cents per 
ordinary share payable on Monday, 19 December 2005 to ordinary shareholders     
recorded in the books of the company at the close of business on Thursday, 15   
December 2005.                                                                  
Accordingly, the warrant holders of the Enhanced Dividend Securities, HVLIDA,   
will receive a Highveld Steel and Vanadium Corporation Limited interim dividend 
of 430 cents per security payable on Monday, 19 December 2005.  The last day to 
trade ("cum" the dividend) in order to participate in the dividend will be      
Thursday 8 December 2005.                                                       
HVLIDA Enhanced Dividend Securities will commence trading "ex" the dividend from
the commencement of business on Friday, 9 December 2005, and the record date    
will be Thursday, 15 December 2005.                                             
Copies of the offering circular may be obtained from:                           
Investec Bank Limited                                                           
100 Grayston Drive                                                              
Sandown                                                                         
Sandton                                                                         
2196                                                                            
For further information contact:                                                
Investec Warrants                                                               
Tel.: 0860 103 343                                                              
E-mail: warrants@investec.co.za                                                 
Internet: www.investecwarrants.com                                              
Sponsor                                                                         
Investec Securities Limited                                                     
Member of the JSE                                                               
Registration number. 1972/008905/06)                                            
Date: 15/11/2005 02:55:46 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
                                                                                
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