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Thu 8 Dec 2005, 16:18 Highveld Steel And Vanadium Corporation Limited -
Highveld Steel And Vanadium Corporation Limited - Further Cautionary            
Announcement                                                                    
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                                                        
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Further to the Cautionary Announcement published on 26 October 2005 following   
the strategic review of Anglo American plc ("Anglo American") to embark on a    
process which, if concluded, may result in a sale by Anglo American of its stake
in Highveld, shareholders are advised to continue to exercise caution when      
dealing in Highveld"s shares until a further announcement is made.              
Witbank                                                                         
8 December 2005                                                                 
Sponsor:                                                                        
J.P.Morgan Equities Limited                                                     
Date: 08/12/2005 04:18:41 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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