EHS - Evraz Highveld Steel and Vanadium Limited - Second quarter ending 30 June

EHS - Evraz Highveld Steel and Vanadium Limited - Second quarter ending 30 June 
2011 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")                                                              
SECOND QUARTER ENDING 30 JUNE 2011 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   2Q 2011   1Q 2011    2Q     2Q 2010    2Q            
                 measure                        2011/             2011/         
1Q                2Q            

                                                2011,             2010,         
                                                %                 %             
                                                change            change        


Steel segment                                                                   
Hot metal         Tons      158,317   192,296    -18    173,862    -9           
Continuously      Tons      171,387   195,793    -12    175,785    -3           
cast blocks                                                                     
Sections          Tons      62,448    62,027     1      56,484     11           
Plates            Tons      44,517    49,639     -10    50,625     -12          
Coil              Tons      40,861    28,923     41     34,317     19           
Vanadium slag     Kg        4,043,136 3,963,685  2      3,649,928  11           
                 V(2)O(5)                                                       
Internal          Kg        3,882,670 3,846,046  1      3,156,909  23           
consumption       V(2)O(5)                                                      
Fines ore         Tons      150,925   152,473    -1     146,545    3            
Vanadium segment                                                                
Ferrovanadium     Kg V      1,415,735 1,421,102  -0     1,385,238  2            
Modified          Kg V      399,507   428,436    -7     -          100          
Vanadium Oxide                                                                  
Nitrovan          Kg V      441,356   129,002    242    -          100          
AVERAGE SELLING PRICES                                                          
                 Unit of   2Q 2011  1Q 2011   2Q     2Q 2010   2Q               
measure                      2011/            2011/            

                                              1Q               2Q               
                                              2011,            2010,            
                                              %                %                
change           change           

                                                                                
Steel segment                                                                   
Total Steel       $/ton     907      740       23     713       27              
Vanadium slag     $/Kg      5        6         -17    7         -28             
                 V(2)O(5)                                                       
Fines ore         $/ton     37       41        -10    47        -21             
Vanadium segment                                                                
Ferrovanadium     $/Kg V    29       29        0      30        -3              
Modified          $/Kg V    21       22        -5     -         100             
Vanadium Oxide                                                                  
Nitrovan          $/Kg V    28       29        -3     -         100             


Average exchange  R/$       6.80     7.00      -3     7.54      -10             
rate                                                                            
Note:                                                                           
1) All prices quoted are delivered prices.                                      
15 July 2011                                                                    
Sponsor:                                                                        
J.P. Morgan Equities Limited                                                    
Date: 15/07/2011 10:00:01 Supplied by www.sharenet.co.za                     
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