Further 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”) Further 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, 1 August 2013, 3 September 2013, 16 October 2013, and 27 November 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 is expected to be concluded towards the end of Q1 2014 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 due diligence process is still progressing. Accordingly, shareholders are advised to continue exercising caution when dealing in the Company’s securities until a further announcement is made. eMalahleni 19 December 2013 Sponsor J.P. Morgan Equities South Africa (Pty) Ltd. Date: 19/12/2013 09:45:00 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.