HVL
HVL
Highveld Steel and Vanadium Corporation Limited - Further Cautionary
Highveld Steel and Vanadium Corporation Limited
Registration no. 1960/001900/06
(Incorporated in the Republic of South Africa)
("Highveld")
Share code: HVL
ISIN code: ZAE000003422
FURTHER CAUTIONARY ANNOUNCEMENT
Further to the initial cautionary announcement published on 26 October 2005 as
well as to subsequent announcements during December 2005, January, March, April,
June and July 2006, shareholders are now referred to the Anglo American plc
interim results announcement which contains the following statement:
"In July, we announced the sale of Anglo American"s 79% stake in Highveld Steel
to Evraz, an international steel producer, and Credit Suisse, for a total
consideration of $678 million. Following the disposal of the initial 49.8%, for
which Anglo American received $412 million, Evraz has an option to acquire Anglo
American"s remaining 29.2% stake in Highveld Steel for $266 million once
regulatory approvals are received. This amount will be reduced by any dividends
paid by Highveld Steel prior to Anglo American selling its remaining shares. The
deal represents a substantial foreign direct investment in South Africa."
Shareholders are therefore advised to continue to exercise caution in their
dealings in Highveld shares and a further announcement will be made in due
course.
Witbank
4 August 2006
Sponsor
JPMorgan Equities Limited
Date: 04/08/2006 05:06:05 PM Produced by the JSE SENS Department
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