Uttam Value Steels Ltd (UVSL)

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Ticker: UVSL Exchange: NSI

• Purchase • Sale • Planned purchase • Planned sale Net purchase Net sale Activity signal Earnings

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TZUR YEHUDA

1 sale — total 2,352 USD

Sale 28 Oct 2004

Value US$3,485,509.69 | Price 279.72 | Shares 60,412

SCOTT ARVIN

President & CEO

1 sale — total 11,500 USD

Sale 28 Oct 2004

Value US$1,839,005.21 | Price 338.85 | Shares 34,997

Abbreviations B: Buy, S: Sell, PP: Planned purchase, PlS: Planned sale, PrS: Proposed sale, O: Option / Other

Notification date	Transaction date	B/S Transaction type	Insider and/or position	Nb. shares Price Value	Number of shares	Price	Value	Details
2004-11-01	2004-10-28	S Sale	TZUR YEHUDA Non-Executive Director Large shareholder	60,412 -29.8% 279.72 US$3,485,510	60,412 -29.8%	279.72	US$3,485,510
2004-11-01	2004-10-28	S Sale	SCOTT ARVIN President & CEO Executive Director Large shareholder	34,997 +20.2% 338.85 US$1,839,005	34,997 +20.2%	338.85	US$1,839,005

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