SIMS LIMITED — M&A Activity 2007

Sep 3, 2007

4 SEPTEMBER 2007

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ASX & MEDIA RELEASE (ASX CODE: SGM)

MERGER OF SIMS GROUP’S SOUTHERN CALIFORNIAN METAL RECYCLING OPERATIONS WITH ADAMS STEEL COMPLETED

Further to its previous announcements on 20 July 2007 and 22 June 2007, Sims Group Limited advises that the merger of its Southern Californian Metal Recycling assets with those of Adams Steel LLC was completed on 1 September 2007.

The newly created joint venture company, SA Recycling LLC, will operate within a territory encompassing Southern California, Arizona, Southern Nevada and Northern Mexico and combine Sims’ deep water facility at the Port of Los Angeles with Adams Steel’s two inland shredding operations and extensive network of inland feeder yards.

Sims Group’s core business is metal recycling, with a growing business in recycling solutions. Headquartered in Australia, Sims earns around 70 per cent of its revenue from international operations in the United Kingdom, Continental Europe, North America, New Zealand and Asia. Sims has over 3,500 employees, annual turnover of A$5.5 billion and is listed on the Australian Stock Exchange (ASX CODE: SGM)