EVRAZ HIGHVELD STEEL & VANADIUM LTD - Application for the provisional liquidation of Mapochs Mine (Proprietary) Limited

Application for the provisional liquidation of Mapochs Mine (Proprietary) Limited

EVRAZ Highveld Steel and Vanadium Limited
(Incorporated in the Republic of South Africa)
(Registration No: 1960/001900/06)
Share code: EHS ISIN: ZAE000146171
(“Highveld” or “the Company”)



APPLICATION FOR THE PROVISIONAL LIQUIDATION OF MAPOCHS MINE
(PROPRIETARY) LIMITED (“Mapochs Mine”)


1.    As the major shareholder of Mapochs Mine, Highveld hereby advises
      all shareholders and interested parties that on 17 March 2016,
      the    board   of   directors   of   Mapochs   Mine   resolved,   subject   to
      shareholder approval by way of special resolution to apply for
      the provisional liquidation of Mapochs Mine.


2.    On 13 April 2016, the shareholders of Mapochs Mine adopted the
      requisite special resolution allowing for the board of directors
      to make the application to court for the provisional liquidation
      of Mapochs Mine.


3.    The application has been enrolled at the High Court of South
      Africa, Gauteng Division, Pretoria on the urgent roll for hearing
      on Tuesday, 17 May 2016 and it shall be for the winding up of
      Mapochs Mine based on the fact that it is unable to pay its debts
      as and when they fall due in the ordinary course of business, as
      contemplated in Section 344(f) read with Section 345(1)(c) of the
      Companies Act, 61 of 1973 and Schedule 5(9) of the Companies Act,
      71 of 2008.


eMalahleni
13 May 2016


J.P. Morgan Equities South Africa (Pty) Ltd.


Sponsor




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