EVRAZ HIGHVELD STEEL & VANADIUM LTD - Change in Directorate

Change in Directorate

EVRAZ Highveld Steel and Vanadium Limited
(Incorporated in the Republic of South Africa)
(Registration No: 1960/001900/06)
Share code: EHS ISIN: ZAE000146171
(“the Company”)

CHANGE IN DIRECTORATE

In compliance with rule 3.59 of the JSE Limited Listings
Requirements the Board of Directors (“Board”) of the
Company is pleased to announce the appointment of Mr Barend
Petersen as non-executive director and Chairman of the
Board, with effect from 19 August 2014.


Mr Petersen will succeed Mr Bheki Shongwe, who has resigned
as Independent non-executive director and Chairman from the
Board with effect from 19 August 2014. A lead independent
director will be appointed in due course.


Mr Petersen holds a B.Compt(Hons) degree and has qualified
as a chartered accountant during 1995.    He has a broad
international business experience in mining, finance,
auditing, oil industry, energy, government relations,
business turnarounds, corporate recovery, consulting and
corporate governance.


Mr Petersen is the executive chairman of De Beers
Consolidated Mines Limited and a director of the De Beers
Group; and a shareholder in Ponahalo Capital who owns a 50%
stake in Ponahalo Investments, partner of De Beers
Consolidated Mines. He is also the chairman of the
Environment, Community, Occupational Health and Safety
Committee of the de Beers Group.



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Mr Petersen is a director of several companies including
Anglo American South Africa, Alexander Forbes Equity
Holdings and Curro Holdings.    He is also the Chairman of
Sizwe Business Recoveries which he founded in 1998.


Commenting on his appointment, Mr Petersen said: "Evraz
Highveld Steel and Vanadium is a once-thriving business
which has been in great difficulty in recent times. I
believe there is an opportunity to turn Highveld around but
that is going to require significant efforts from all
stakeholders. I am cautiously confident that it is possible
to turn the business around in at least two years"


The Company also wishes to thank Mr Shongwe for his
invaluable contribution to the Board and to the Company.
The Board of the Company further wishes to announce the
appointment of Messrs Izak Johannes Burger and Andrew
Phillip Maralack, as non-executive directors of the Board
of the Company, and the resignation of Mrs B Ngonyama as
Independent non-executive director and Messrs GC Baizini
and VM Nkosi as non-executive directors of the Board with
effect from 19 August 2014.    Mrs Ngonyama was also the
Chairman of the Audit and Risk Committee of the Board. Ms O
Luzik has also resigned as executive director of the Board
with effect from 1 October 2014.


The Company wishes to thank Mrs Ngonyama, Ms Luzik and
Messrs Baizini and Nkosi for their exceptional and
invaluable contributions to the Board and to the Company.


Mr Burger obtained a B.ENG (Electrical Engineering) degree
in 1990 and obtained a Government Certificate of Competency

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(GCC mines and works) in 1990.   He has a wealth of
experience in the steel and mining industries.


Mr Maralack qualified as a chartered accountant during 1996
and has extensive experience in finance, auditing, business
turnarounds, corporate recovery, consulting, retirement
fund industry and corporate governance.


He is the Chief Executive Officer of Sizwe Business
Recoveries, which he co-founded during 1998.     He is a
trustee of Kagiso Trust and a member of its Finance and
Audit Committee as well as the Investment Committee. He is
a member of the Finance Committee of the Cape Town
University of Technology and a former member of the Audit
Committee. He has extensive experience in the business,
auditing and investment environments.


eMalahleni
20 August 2014


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

Sponsor




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