SIMS LIMITED — Director's Dealing 2016

Nov 10, 2016

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 30/09/01 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	1 December 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 relevant interest.		The ordinary shares are registered in the name of HSBC Custody Nominees (Australia) Limited for the nominee of Morgan Stanley Smith Barney LLC
Date of change		10 November 2016
No. of securities held prior to 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

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Class		(1) Performance Rights (2) Options @$10.51 exp 10/11/2023 (3) Restricted Stock Units
Number acquired		(1) 766,274 (2) 423,827 (3) 384,925
Number disposed		Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		N/A
No. of securities held after change		Direct interest: 1,741,201 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 423,827 Options @$10.51exp 10/11/2023 384,925 Restricted Stock Units Indirect interest: 96,505 Ordinary shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back		Issue of securities under the Sims Metal Management Long Term Incentive 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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	N/A
If so, was prior written clearance provided to allow the trade to proceed during this period?
If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms.

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