EVRAZ HIGHVELD STEEL & VANADIUM LTD - Update in urgent interdict proceedings instituted under case No: 85549/2015

Update in urgent interdict proceedings instituted under case No: 85549/2015

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”)



FURTHER NOTICE TO SHAREHOLDERS OF EVRAZ HIGHVELD STEEL AND VANADIUM LIMITED
(IN BUSINESS RESCUE) (“HIGHVELD”):   UPDATE IN URGENT INTERDICT PROCEEDINGS
INSTITUTED UNDER CASE NO: 85549/2015


Shareholders are advised that the Company has filed a notice of intention
to oppose the further urgent court proceedings East Metals AG (“EM”) and
Mastercroft S.A.R.L (“Mastercroft”) have instituted against inter alia
Highveld, the joint Business Rescue Practitioners of Highveld (“the BRPs”)
and several other affected persons of Highveld.


In accordance with Regulation 6 of the Companies Act, the details of the
abovementioned court proceedings are as follows:


1.   On or about 26 October 2015, EM and Mastercroft furnished the BRPs
     with a copy of an urgent application in terms of which EM and
     Mastercroft seek to inter alia interdict and restrain Highveld and the
     BRPs from implementing the business rescue plan in respect of
     Highveld, pending the final determination of the main application
     launched under the above case number.
2.   On or about 30 October 2015, the BRPs filed a notice of intention to
     oppose the urgent interdict application.
3.   On or about 3 November 2015, the BRPs filed an answering affidavit to
     the urgent interdict application.


A copy of the notice of intention to oppose and the answering affidavit is
available on Highveld’s website under Business Rescue at
http://www.evrazhighveld.co.za/businessrescue.asp.


A copy of the full papers in the urgent interdict application is also
available upon request made to mscruse@matusonassociates.co.za.


eMalahleni
5 November 2015


Sponsor
J.P. Morgan Equities South Africa Proprietary Limited

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