SIMS LIMITED — Director's Dealing 2008

Feb 28, 2008

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	JEREMY LEIGH SUTCLIFFE
Date of last notice	11 October 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.	The Sutcliffe Family Trust, an associate of the Director, is the holder of 52,255 ordinary shares
Date of change	25 and 28 February 2008
No. of securities held prior to change	The Sutcliffe Family Trust -52,255 ordinary shares Jeremy Sutcliffe-95,930 performance rights issued pursuant to individual contract Jeremy Sutcliffe-224,534 performance rights issued pursuant to the Sims Group Long Term Incentive Plan
Class	See above
Number acquired	23,983 ordinary shares acquired pursuant to the exercise of individual contract performance rights
Number disposed	20,000 ordinary shares on 25 February, 2008 and 3,983 ordinary shares on 28 February, 2008

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$787,095
No. of securities held after change	The Sutcliffe Family Trust -52,255 ordinary shares Jeremy Sutcliffe-71,947 performance rights issued pursuant to individual contract Jeremy Sutcliffe-224,534 performance rights issued pursuant to the Sims Group Long Term Incentive Plan
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Exercise of performance rights and on- market trade of ordinary shares

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	Purchase of over the counter put options with a strike price of $29.25 and a maturity date of 4 March 2009, and sale of over the counter call options with a strike price of $34.92 and a maturity date of 4 March 2009, both in respect of 52,255 ordinary shares
Nature of interest	As above
Name of registered holder (if issued securities)	The Sutcliffe Family Trust, an associate of the Director
Date of change	26 February 2008
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	See Part 1 above
Interest acquired	As above
Interest disposed	As above
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	Nil
Interest after change	As above

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002