Posted in | News | Ferrous Alloys and Metals | Business | Iron and Steel

Evraz Offer Extension to Acquire Highveld Steel and Vanadium

Jul 4 2007

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Shareholders of Highveld Steel and Vanadium Corporation Limited ("Highveld") are referred to the announcement dated 4 June 2007 and the circular to shareholders of Highveld dated 4 June 2007 ("circular") relating to the offer by Evraz Group S.A to acquire the entire issued share capital of Highveld, other than those Highveld shares currently held by Evraz, for a consideration of US$11.40 per Highveld share ("offer").

In terms of the circular, the offer opened on 4 June 2007 at 09h00 (SA time) and was due to close today at 17h00 (SA time). Evraz advises shareholders of Highveld that the offer is hereby extended and that the offer will remain open for acceptances until such date as may be announced by Evraz in a further notice to be published.

As at 3 July 2007, shareholders holding a total of 57 647 Highveld shares had accepted the offer.

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