SIMS LIMITED — Director's Dealing 2009

Dec 29, 2009

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 METAL MANAGEMENT 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	JOHN MICHAEL FEENEY
Date of last notice	22 September 2009

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	Indirect interest
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.Date of change	Shares acquired by the custodian of the JMFeeney Super Fund, an associate of theDirector.23 December 2009
No. of securities held prior to change	1 ordinary share (direct); and25,903 ordinary shares (indirect) held by thecustodian of the JM Feeney Super Fund, anassociate of the Director; and1,170 ordinary shares (indirect) held bySimsmetal Executive Staff SuperannuationPty Limited ABN 95 069 238 937 as trusteeof the Sims Metal ManagementDeferred TaxDirector and Employee Share Plan.
Class	Ordinary
Number acquired	715
Number disposed	Nil

+ See chapter 19 for defined terms.

Value/Consideration	$15,000
Note: If consideration is non-cash, provide details and estimatedvaluation
No. of securities held after change	1 ordinary share (direct); and26,618 ordinary shares (indirect) held by thecustodian of the JM Feeney Super Fund, anassociate of the Director; and1,170 ordinary shares (indirect) held bySimsmetal Executive Staff SuperannuationPty Limited ABN 95 069 238 937 as trusteeof the Sims Metal ManagementDeferred Tax
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Director and Employee Share Plan.Issue of securities under share purchase plan

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	Nil
Nature of interest
Name of registered holder(if issued securities)
Date of change
No. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation
Interest after change

+ See chapter 19 for defined terms.