Renewal of Existing Cautionary Announcement EVRAZ Highveld Steel and Vanadium Limited Registration number: 1960/001900/06 (Incorporated in the Republic of South Africa) Share code: EHS ISIN ZAE000146171 (“EVRAZ Highveld” or “the Company”) Renewal of Existing Cautionary Announcement Further to the cautionary announcement released by EVRAZ Highveld Steel and Vanadium Limited (“the Company”) on SENS on 27 March 2013 and the further cautionary announcement dated 28 March 2013 shareholders are advised that negotiations are still in progress between the parties which, if successfully concluded, will result in the sale of EVRAZ plc’s (LSE: EVR) ("EVRAZ") 85% stake in the Company to a black economic empowerment consortium represented by Nemascore (Pty) Ltd, for an indicative cash consideration of approximately US$320 million (the "Transaction") and which may have a material effect on the price of the Company’s securities. Shareholders are advised that a high-level due diligence process has commenced, in relation to information of the Company that is within the public domain, or information that is explanatory thereto and at this stage no price sensitive information has been provided. Accordingly, shareholders are advised to continue exercising caution when dealing in the Company’s securities until a further announcement is made. eMalahleni 08 May 2013 Sponsor J.P. Morgan Equities South Africa (Pty) Ltd. Date: 08/05/2013 09:27:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.