Further urgent court proceedings instituted under case No: 85549/2015 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”) FURTHER NOTICE TO SHAREHOLDERS OF EVRAZ HIGHVELD STEEL AND VANADIUM LIMITED (IN BUSINESS RESCUE) (“HIGHVELD”): FURTHER URGENT COURT PROCEEDINGS INSTITUTED UNDER CASE NO: 85549/2015 Shareholders are advised of further urgent court proceedings instituted by East Metals AG (“EM”) and Mastercroft S.A.R.L (“Mastercroft”) against inter alia Highveld, the joint business rescue practitioner of Highveld (“the BRPs”) and affected persons of Highveld. In accordance with Regulation 6 of the Companies Act, the details of the abovementioned court proceedings are as follows: On or about 2 November 2015, EM and Mastercroft furnished the BRPs with a copy of an urgent application in terms of which EM and Mastercroft seek leave to inter alia serve the main application on affected persons by way of substituted service. Highveld and the BRPs opposed the urgent application and filed an answering affidavit on or about 5 November 2015. A copy of the papers is also available upon request made to mscruse@matusonassociates.co.za. eMalahleni 5 November 2015 Sponsor J.P. Morgan Equities South Africa Proprietary Limited Date: 05/11/2015 04:07:00 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.