SIMS LIMITED — Capital/Financing Update 2016

Sep 20, 2016

21 September 2016

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SIMS METAL MANAGEMENT ANNOUNCES SALE OF DETROIT AND TOLEDO FACILITIES

Sims Metal Management Limited (ASX:SGM, USOTC:SMSMY) today announced the sale of two metals recycling facilities in the Central Region of North America Metals. The sale is related to facilities located in Detroit, MI and Toledo, OH and is effective as of 16 September 2016. The sale terms have not been disclosed and are not considered material to the Company.

“The sale of our metals recycling operations in Detroit and Toledo is consistent with our strategy to divest non-core assets outside of our key markets,” said Galdino Claro, Group Chief Executive Officer of Sims Metal Management. “The sale substantially completes the divestment of facilities identified for resetting. We are pleased that the best outcome has been achieved for our employees, suppliers, and customers.”

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About Sims Metal Management

Sims Metal Management is one of the world’s largest metal recyclers with circa 200 facilities, operations in 20 countries, and over 4,750 employees globally. Sims’ core businesses are metal recycling and electronics recycling, with circa 55% of its revenue from operations in North America. The Company’s ordinary shares are listed on the Australian Securities Exchange (ASX: SGM) and its American Depositary Shares are quoted on the Over-the-Counter market in the United States (USOTC: SMSMY).

Please visit our website (www.simsmm.com) for more information on the Company and recent developments.

Investor and media inquiries contact

Todd Scott

Group Vice President – Investor Relations

Tel: +61 4 0960 0352

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