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Fri 2 Jun 2006, 8:00 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 subsequent announcements made during December     
2005, January, March and April 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                                                                         
2 June 2006                                                                     
Sponsor: J.P.Morgan Equities Limited                                            
Date: 02/06/2006 08:00:22 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
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