EVRAZ HIGHVELD STEEL & VANADIUM LTD - Resolution of legal dispute between Evraz Highveld Steel and Vanadium Limited and SASFIN Bank

Resolution of legal dispute between Evraz Highveld Steel and Vanadium Limited and SASFIN Bank

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”)


Resolution of legal dispute between Evraz Highveld Steel and Vanadium
Limited and SASFIN Bank


Affected persons are advised that the Business Rescue Practitioners
(“the BRPs”) have reached a settlement on acceptable terms with Sasfin
Bank Limited (“Sasfin”), in respect of the legal action instituted by
the BRPs to recover penalties imposed on the Company due to the early
termination of a loan facility.


Both Sasfin and the Company are satisfied that this matter is now
resolved.





eMalahleni
29 March 2016


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






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