SIMS LIMITED — Director's Dealing 2007

Oct 1, 2007

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity	SIMS GROUP LIMITED
ABN	69 114 838 630

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	ROSS BRODIE CUNNINGHAM
Date of last notice	16 March 2007

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct and indirect interest
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Robyn Fugaccia, an associate of the Director, is the registered holder of 10,417 ordinary shares
Date of change	26 September 2007
No. of securities held prior to change	10,417 ordinary shares 29,978 performance rights
Class	See above
Number acquired	14,989 ordinary shares as a result of the exercising of vested performance rights
Number disposed	14,989 ordinary shares
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil in respect of the acquisition of ordinary shares above. $494,637 in respect of the sale of ordinary shares above.
No. of securities held after change	10,417 ordinary shares 14,989 performance rights

• See chapter 19 for defined terms.

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change Issue of ordinary shares pursuant to the Example: on-market trade, off-market trade, exercise of options, issue of exercising of vested performance rights, securities under dividend reinvestment plan, participation in buy-back followed by on-market trade.

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest
Name of registered holder (if issued securities)
Date of change
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2