SIMS LIMITED — Director's Dealing 2015

Nov 30, 2015

Appendix 3Y

Rule 3.19A.2

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 30/09/01 Amended 01/01/11

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	GALDINO CLARO
Date of last notice	16 November 2015

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 relevantinterest.	The ordinary shares are registered in thenameofHSBCCustodyNominees(Australia)LimitedforthenomineeofMorgan Stanley Smith Barney LLC
Date of change	1 December 2015
No. of securities held prior to change	Direct interest:58,252 Restricted Stock Units974,927 Performance Rights138,714 Options @$9.98 exp 15/11/2020172,866 Options @$10.85 exp 14/11/2021343,650 Options @$9.38 exp 13/11/2022Indirect interest:38,253 Ordinary shares

+ See chapter 19 for defined terms.

Class	Ordinary shares
Number acquired	58,252
Number disposed	Nil
Value/Consideration	N/A
Note: If consideration is non-cash, provide details and estimatedvaluation
No. of securities held after change	Direct interest:
	974,927 Performance Rights
	138,714 Options @$9.98 exp 15/11/2020
	172,866 Options @$10.85 exp 14/11/2021
	343,650 Options @$9.38 exp 13/11/2022
	Indirect interest:
	96,505 Ordinary shares
Nature of change	Issue of fully paid ordinary shares pursuant
Example: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	to the vesting of restricted stock units under
	the Sims Metal Management Long TermIncentive 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	N/A
Nature of interest
Name of registered holder(if issued securities)
Date of change

+ See chapter 19 for defined terms.

No. and class of securities to whichinterest related prior to changeNote: 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

Part 3 – +Closed period

Were the interests in the securities or contracts detailedabove traded during a +closed period where prior written	N/A
clearance was required?
If so, was prior written clearance provided to allow the tradeto proceed during this period?
If prior written clearance was provided, on what date was thisprovided?

+ See chapter 19 for defined terms.