Notice of court proceedings instituted against inter alia Evraz Highveld Steel And Vanadium Limited EVRAZ Highveld Steel and Vanadium Limited (Incorporated in the Republic of South Africa) Registration No: 1960/001900/06) Share code: EHS ISIN: ZAE000146171 (“Highveld” or “the Company”) NOTICE OF COURT PROCEEDINGS INSTITUTED AGAINST INTER ALIA EVRAZ HIGHVELD STEEL AND VANADIUM LIMITED (IN BUSINESS RESCUE) (“HIGHVELD”), THE BUSINESS RESCUE PRACTITIONERS OF HIGHVELD AND AFFECTED PERSONS Shareholders are advised that East Metals AG (“EM”) and Mastercroft S.A.R.L (“Mastercroft”) has instituted court proceedings against inter alia Highveld, the joint Business Rescue Practitioners of Highveld (“the BRPs”) and several other affected persons of Highveld. In accordance with Regulation 6 of the Companies Act, the details of the abovementioned court proceedings are as follows: 1.1. On or about 21 October 2015, EM and Mastercroft furnished the BRPs with a copy of an application in terms of which EM and Mastercroft seek to inter alia declare: 1.1.1. the business rescue plan of Highveld invalid; 1.1.2. that the vote which took place at the meeting on 13 October 2015, in terms of which the business rescue plan was adopted, invalid and to have the vote set aside; and 1.1.3. that the agreement on the remuneration of the BRPs as provided for in the business rescue plan as invalid and set aside. 1.2. Highveld and the BRPs intend opposing the application. A full copy of the papers in the above application is available on request at mscruse@matusonassociates.co.za. eMalahleni 23 October 2015 Sponsor J.P. Morgan Equities South Africa Proprietary Limited Date: 23/10/2015 01:03:00 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.