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EVRAZ HIGHVELD STEEL & VANADIUM LTD - Renewal of existing cautionary announcement

Release Date: 03/09/2013 14:43
Code(s): EHS     PDF:  
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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, the further cautionary announcement dated 28
March 2013 and the renewal of the aforesaid cautionary announcements dated 6 May 2013, 20
June 2013, and 1 August 2013 shareholders are advised that negotiations are still in progress
between EVRAZ plc (LSE: EVR) ("EVRAZ") and a black economic empowerment consortium
represented by Nemascore (Pty) Ltd (“Nemascore”) which, if successfully concluded, will result in
the sale of EVRAZ’s 85% stake in the Company to Nemascore (the "Transaction").               The
Transaction was expected to be concluded towards the end of 2013 and may have a material
effect on the price of the Company’s securities.


Shareholders are advised that a Non-disclosure Agreement has been concluded between the
Company and Nemascore and that the high-level due diligence process is progressing.


Accordingly, shareholders are advised to continue exercising caution when dealing in the
Company’s securities until a further announcement is made.


eMalahleni
3 September 2013



J.P. Morgan Equities South Africa (Pty) Ltd.

Sponsor

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