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Fri 21 Apr 2006, 16:30 Highveld - Further Cautionary Announcement
HVL
 HVL                                                                             
Highveld - 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")                                                                    
Share code:  HVL                                                                
ISIN code:  ZAE000003422                                                        
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Shareholders are referred to the initial Cautionary Announcement published on 26
October 2005 as well as to the subsequent announcements made during December    
2005, January and March 2006 relating to the strategic review of Anglo American 
plc ("Anglo American") and its announcement 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 shares.                                                                
Witbank                                                                         
21 April 2006                                                                   
Sponsor                                                                         
J.P.Morgan Equities Limited                                                     
Date: 21/04/2006 04:30:03 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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