SIMS LIMITED — M&A Activity 2007

Jul 19, 2007

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ASX & MEDIA RELEASE (ASX CODE: SGM)

SYDNEY, 20 JULY 2007

MERGER OF SIMS GROUP’S SOUTHERN CALIFORNIAN METAL RECYCLING OPERATIONS WITH ADAMS STEEL – REGULATORY APPROVAL GRANTED

Further to its previous announcement on 22 June 2007, Sims Group Limited has been notified of the early termination of the waiting period requirements of the U.S. Hart-ScottRodino Antitrust Improvements Act, which will enable the merger of its Southern Californian Metal Recycling assets with those of Adams Steel LLC, to proceed.

When finalised, 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.

Mr Sutcliffe said “we are very pleased that this transaction can now proceed as scheduled. SA Recycling LLC will act as a springboard for further growth within this important region for the Company”.

Sims Group’s core business is metal recycling, with an emerging business in recycling solutions. Headquartered in Australia, Sims earns over 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$5.0 billion and is listed on the Australian Stock Exchange (ASX CODE: SGM)

For further information contact :

Jeremy Sutcliffe Group Chief Executive Sims Group Limited 41 McLaren Street NORTH SYDNEY NSW 2060

ABN 37 008 634 526

Phone: (02) 9956 9180