EHS - Evraz Highveld Steel and Vanadium Limited - Fourth Quarter Ending 31

EHS - Evraz Highveld Steel and Vanadium Limited - Fourth Quarter Ending 31      
December 2010 Operational Results                                               
Evraz Highveld Steel and Vanadium Limited                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number:  1960/001900/06)                                          
Share code:  EHS                                                                
ISIN:  ZAE000146171                                                             
("Evraz Highveld")                                                              
FOURTH QUARTER ENDING 31 DECEMBER 2010 OPERATIONAL RESULTS                      
Following the practice of the holding company, Evraz Group S.A., to release     
quarterly operational information, Evraz Highveld hereby releases its results as
follows:                                                                        
PRODUCTION VOLUMES                                                              
                Unit of   4Q 2010   4Q 2009    4Q     3Q 2010    4Q             
                measure                        2010/             2010/          
4Q                3Q             

                                               2009,             2010,          
                                               %                 %              
                                               change            change         


Steel segment                                                                   
Hot metal        Tons      208,757   202,441    3      214,115    (3)           
Continuously     Tons      205,667   206,084    (0)    212,475    (3)           
cast blocks                                                                     
Sections         Tons      46,782    68,398     (32)   51,452     (9)           
Plates           Tons      52,592    53,495     (2)    47,420     11            
Coil             Tons      18,675    53,398     (65)   42,474     (56)          
Vanadium slag    Kg V2O5   4,735,987 3,957,405  20     3,706,659  28            
   Internal     Kg V2O5   4,735,987 3,147,006  50     3,480,288  36             
consumption                                                                     
Fines ore        Tons      151,894   166,189    (9)    136,656    11            
Vanadium segment                                                                
Ferrovanadium    Kg V      1,229,230 1,393,947  (12)   1,209,819  2             
Modified         Kg V      379,806   -          100    177,624    114           
Vanadium Oxide                                                                  
AVERAGE SELLING PRICES                                                          
                Unit of   4Q 2010  4Q 2009   4Q     3Q 2010   4Q                
                measure                      2010/            2010/             
                                             4Q               3Q                
2009,            2010,             

                                             %                %                 
                                             change           change            
                                                                                
Steel segment                                                                   
Total Steel      $/ton     663      756       (12)   786       (16)             
Vanadium slag    $/Kg      -        6         100    6         (100)            
                V2O5                                                            
Fines ore        $/ton     37       19        95     34        9                
Vanadium segment                                                                
Ferrovanadium    $/Kg V    28       23        22     27        4                
Modified         $/Kg V    21       -         100    21        0                
Vanadium Oxide                                                                  
                                                                                
Average exchange R/$       6.91     7.51      (8)    7.33      (6)              
rate                                                                            
Note:                                                                           
1) All prices quoted are delivered prices.                                      
14 January 2011                                                                 
Sponsor:                                                                        
J.P. Morgan Equities Limited                                                    
Date: 14/01/2011 12:30:01 Supplied by www.sharenet.co.za                     
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