SIMS LIMITED — Director's Dealing 2022

Sep 6, 2022

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7 September 2022 The Manager Market Announcements Office ASX Limited Level 4, Bridge Street SYDNEY NSW 2000

Dear Sir/Madam,

Sims Limited (ASX:SGM) - APPENDIX 3Y

The enclosed Appendix 3Y reports the number of shares acquired by Mr Field on 31 August 2022.

Yours Sincerely,

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Gretchen Johanns Company Secretary

Appendix 3Y Change of Director’s Interest Notice

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 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	7 November 2021

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 relevant interest.	The ordinary shares acquired are held for the benefit of Mr Field by the registered holder HSBC Custody Nominees (Australia) Limited – A/C 2 on behalf of Morgan Stanley Smith Barney LLC, which company provides services in connection with the entity’s global employee share plan.
Date of change	31 August 2022

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

No. of securities held prior to change		Direct Interest 762,181 Performance Rights 109,537 Options @9.38 exp 13/11/2022 112,109 Options @10.51 exp 10/11/2023 230,076 Options @13.43 exp 9/11/2024 294,673 Options @12.34 exp 9/11/2025 Indirect Interest 51,994 ordinary shares (held by the registered holder – Samantha Field) 210,004 ordinary shares (held by the registered holder–HSBC Custody Nominees (Australia) Limited – A/C 2) The difference from the number reported in the 7 November 2021 Appendix 3Y is 11,332 Strategic Share Incentives that were omitted.
Class		(1) Performance Rights (2) Ordinary Shares
Number acquired		(1) 31,215 Ordinary Shares following the vesting of Strategic Share Incentives (the Ordinary Shares are subject to a holding period, with 15,607 released on 29 August 2025 and 15,608 released on 31 August 2026) (2) 88,143 Ordinary Shares following the vesting of Strategic Performance Rights (10,093 Ordinary Shares were withheld by the entity to cover taxes due, resulting in the delivery of 78,050 Ordinary Shares) (3) 102,348 Ordinary Shares following the vesting of TSR Performance Rights (12,414 Ordinary Shares were withheld by the entity to cover taxes due, resulting in the delivery of 89,934 Ordinary Shares)

Appendix 3Y Change of Director’s Interest Notice

Number disposed		(1) 199,557 Performance Rights (9,066 Strategic Share Incentives, 88,143 Strategic Performance Rights, and 102,348 TSR Performance Rights) (vested) (2) 49,727 Performance Rights (2,266 Strategic Share Incentives and 47,461 Strategic Performance Rights) (forfeited and cancelled)
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		(1) Ordinary shares received following the vesting of Performance Rights were valued at an average price of $15.39 per share.
No. of securities held after change		Direct Interest 512,897 Performance Rights 109,537 Options @9.38 exp 13/11/2022 112,109 Options @10.51 exp 10/11/2023 230,076 Options @13.43 exp 9/11/2024 294,673 Options @12.34 exp 9/11/2025 Indirect Interest 51,994 ordinary shares (held by the registered holder – Samantha Field) 409,203 ordinary shares (held by the registered holder–HSBC Custody Nominees (Australia) Limited – A/C 2)

• See chapter 19 for defined terms.

Appendix 3Y Page 4

01/01/2011

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

(1) Acquisition of 31,215 Ordinary Shares following the vesting of 9,066 Strategic Share Incentives (subject to a holding period with 15,607 shares released on 29 August 2025 and 15,608 shares released on 31 August 2026 (2) Acquisition of 78,050 Ordinary Shares following the vesting of Strategic Performance Rights (10,093 Ordinary Shares were withheld by the entity to cover taxes) (3) Acquisition of 89,934 Ordinary Shares following the vesting of TSR Performance Rights (12,414 Ordinary Shares were withheld by the entity to cover taxes) (4) 49,727 Forfeiture and subsequent cancellation due to non-vesting of Performance Rights under the SimsMM 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
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

Appendix 3Y Change of Director’s Interest Notice

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?	No
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.

Appendix 3Y Page 6

01/01/2011