SIMS LIMITED — Director's Dealing 2018

Oct 1, 2018

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	ALISTAIR FIELD
Date of last notice	27September 2018

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
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Theordinarysharesareheldbytheregistered holder HSBC Custody Nominees(Australia) Limited-A/C 2on behalf ofMorgan StanleySmith Barney LLC, whichcompany providesservicesin connectionwiththe entity's global employee share plan.
Date of change	2October2018

+ See chapter 19 for defined terms.

No. of securities held prior to change	Direct interest
	279,123PerformanceRights
	109,537Options @$9.38 exp 13/11/2022
	112,109Options @$10.51 exp 10/11/2023
	230,076 Options@$13.43 exp 9/11/2024
	92,183 Restricted Stock Units
	Indirect interest51,994ordinary shares(held by the registered holder -SamanthaField)
	40,334ordinary shares(held bythe registered holder -HSBCCustody Nominees (Australia) Limited -A/C2)
Class	(1) Restricted Stock Units
	(2) Ordinary shares
Number acquired	17,235 ordinary shares
Number disposed	17,235 Restricted Stock Units
Value/Consideration	N/A
Note: If consideration is non-cash, provide details and estimated valuation

+ See chapter 19 for defined terms.

No. of securities held after change	Direct interest
	279,123PerformanceRights
	109,537Options @$9.38 exp 13/11/2022
	112,109Options @$10.51 exp 10/11/2023
	230,076 Options@$13.43 exp 9/11/2024
	74,948 Restricted Stock Units
	Indirect interest
	51,994ordinary shares
	(held by the registered holder -Samantha
	Field)
	57,569ordinary shares
	(held bythe registered holder -HSBC
	Custody Nominees (Australia) Limited -A/C
	2)
Nature of change	Issue of ordinary shares following the vesting
Example: on-market trade, off-market trade, exercise of options, issue of	of Restricted Stock Units under the Sims
securities under dividend reinvestment plan, participation in buy-back	Metal ManagementLong Term Incentive
	Plan

+ See chapter 19 for defined terms.

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 relationto which the interest has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide details and anestimated valuation
Interest after change

Part 3 – +Closed period

Were the interests in the securities or contracts detailed	N/A
above traded during a +closed periodwhere prior written
clearance was required?
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.