SIMS LIMITED — Investor Presentation 2006

Mar 29, 2006

30 March 2006

Company Announcements Office Australian Stock Exchange Ltd Level 6 20 Bridge Street SYDNEY, NSW 2000

SIMSGROUP

Level 6 Sims Group House 41 McLaren Street North Sydney NSW 2060 Australia GPO Box 4155 Sydney NSW 2001 Phone 612 9956 9100 Facsimile 612 9954 9680 www.sims-group.com

Sims Group Limited ABN 37 008 634 526

Dear Sirs,

Sims Group Limited Investor Presentation

Please find attached a copy of a ferrous market update presented to Macquarie Bank clients this morning.

Sims Group third quarter results will be released on 28 April 2006.

Yours faithfully, SIMS GROUP LIMITED

Ve. Moratti

Frank Moratti Company Secretary

Andrew Mars

Waanii waxaa ugu

EN A CHRISTIAN DE Stris Group Limited

Martin Martin Martin Ba

ASXQSCM

ELLER COMPANY

Disclaimer

This presentation for Sims Group Limited is designed to provide a high level overview of aspects of the operations of Sims Group Limited. The material set out in the presentation is current as at 30 March 2006

The presentation may contain forward looking statements about assumptions, estimates and outcomes, which are based on internal business data and external sources. Given the nature of the industry, business risks, and other factors, the assumptions, estimates and outcomes are uncertain. They may be affected by internal and external factors which may have a material effect on future business performance and results. No assurance or guarantee is, or should be taken to be, given in relation to the futurebusiness performance or results of Sims Group Limited or the likelihood that the assumptions, estimates or outcomes will be achieved.

While management has taken every effort to ensure the accuracy of the material in the presentation, the presentation is provided for information only. Sims Group Limited, its officers and management exclude and disclaim any liability in respect of anything done in reliance on the presentation.

You should make your own enquiries and take your own advice (including financial and legal advice) before making an investment in the company's shares or in making a decision to hold or sell your shares.

Feritous Market Uotelte

• Continuing supply constraints underpinning further strength in ferrous prices.
• Ferrous price increase also supported by a rebound in steel prices, particularly for Asian hot rolled coil.
• E Recent Asian sale exceeded US$280 MT for shredded material.
  • Trend reverses decline in ferrous prices witnessed over the same period in 2004 and 2005.
• Price increases achieved without significant purchases from Chinese and Korean markets.