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EVRAZ HIGHVELD STEEL & VANADIUM LTD - Renewal of Existing Cautionary Announcement

Release Date: 08/05/2013 09:27
Code(s): EHS     PDF:  
Wrap Text
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'). 
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