SIMS LIMITED — Major Shareholding Notification 2007

Aug 15, 2007

Form 604

Corporations Law Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	Sims Group Limited
ACN/ARSN
1. Details of substantial holder (1)
Name	M&G Investment Funds (1)
	M&G Investment Management Limited
	M&G Limited
	M&G Group Limited
	Prudential plc
ACN/ARSN (if applicable)
There was a change in the interests	13 August 2007
of the substantial holder on
The previous notice was given to the	09 November 2006
company on
The previous notice was dated	08 November 2006

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate(2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of Security (4)	Previous Notice	Previous Notice	Present Notice	Present Notice
	Person’s votes	Voting Power (5)	Person’s votes	Voting Power (5)
Ordinary	12,602,028	10.04%	14,169,532	11.23%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person’s votes affected
	M&G Investment Funds (1) M&G Investment Management Limited M&G Limited M&G Group Limited Prudential plc
		PLEASE SEE ANNEX 1 (Below)

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder	Nature of relevant interest	Class and number of securities
M&G Investment Management Limited, M&G Limited, M&G Group Limited, Prudential Plc	Chase Nominees Ltd	Chase Nominees Ltd	Power to exercise or control the exercise of, a right to vote attached to the securities Power to dispose of, or control the exercise of a power to dispose of, the securities	6,300,000
M&G Investment Funds (1) M&G Investment Management Limited M&G Limited M&G Group Limited Prudentialplc	Nortrust Noms Ltd A/C MEJ01	Nortrust Noms Ltd A/C MEJ01		6,450,000

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M&G Investment Funds (1) M&G Investment Management Limited M&G Limited M&G Group Limited Prudentialplc	Nortrust Noms Ltd A/C MEN01	Nortrust Noms Ltd A/C MEN01		1,400,000
M&G Investment Management Limited, M&G Limited, M&G Group Limited, Prudential Plc	Nortrust Noms Ltd	Nortrust Noms Ltd		2,081
M&G Investment Management Limited, M&G Limited, M&G Group Limited, Prudentialplc	PRUCLT HSBC GIS NOM(UK) PPL AC	PRUCLT HSBC GIS NOM(UK) PPL AC		17,451

5. Changes in association

The persons who have been associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and CAN/ARSN (if applicable)	Name and CAN/ARSN (if applicable)		Nature of association
M&G Investment Funds (1)			An Open Ended Investment Company (Separate Legal
			Entity, not within the Prudential plc group of
			companies), the assets are managed by M&G Investment
			Management Limited, which is a wholely owned
			subsidiary of Prudential Plc, as are M&G Limited and
			M&G Group Limited and as such these companies are
			included within this notice.
			Since the previous notice there has been no change in
			overall ownership structure of the assets.
6. Addresses
The addresses of persons named in this form are as follows:
Name			Address
M&G Investment Funds(1)			Laurence Pountney Hill, London EC4R 0HH, England
M&G Investment Management			Laurence Pountney Hill, London EC4R 0HH, England
Limited
M&G Limited			Laurence Pountney Hill, London EC4R 0HH, England
M&G Group Limited			Laurence Pountney Hill, London EC4R 0HH, England
Prudential plc			Laurence Pountney Hill, London EC4R 0HH, England
Nortrust Nominees			The Northern Trust Company, 50 Bank Street, Canary
			Wharf, London E14 5NQ, England
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Signature
print name	Emma Thompson		capacityNotifiables Administrator
sign here	Emma Thompson		date15 August 2007

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DIRECTIONS

(1)	If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an
	equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to
	throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the
	form.
(2)	See the definition of “associate” in section 9 of the Corporations Law.
(3)	See the definition of “relevant interest” in sections 608 and 671B(7) of the Corporations Law.
(4)	The voting shares of a company constitute one class unless divided into separate classes.
(5)	The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant
	interest in.
(6)	The person’s votes divided by the total votes in the body corporate or scheme multiplied by 100.
(7)	Include details of:
	(a) any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out
	the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany
	this form, together with a written statement certifying this contract, scheme or arrangement; and
	(b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to
	which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).
	See the definition of “relevant agreement” in section 9 of the Corporations Law.
(8)	If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write “unknown”.
(9)	Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become
	entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be
	included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom
	the relevant interest was acquired.

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Annex 1: Transactions 09 November 2006 to 13 August 2007

Holder of relevant interest	Date of acquisition	Consideration (9)	Consideration (9)	Class and number of securities
		Cash	Non-cash	Ord NPV
M&G Investment Management Limited, M&G Limited, M&G Group Limited, Prudential Plc (Chase Nominees Ltd)	17-NOV-2006 20-NOV-2006 21-NOV-2006 31-JAN-2007 22-MAR-2007 23-MAR-2007 13-AUG-2007	1,545,219 3,249,490 1,457,916 3,248,486 2,364,833 2,329,989 7,607,434		75,000 154,847 70,153 150,000 100,000 100,000 300,000
M&G Investment Funds (1) M&G Investment Management Limited M&G Limited M&G Group Limited Prudential plc (Nortrust Noms Ltd A/C MEJ01) - AUST	13-NOV-2006 21-FEB-2007 26-MAR-2007 27-MAR-2007 02-MAY-2007 03-MAY-2007 10-JUL-2007 12-JUL-2007	2,184,443 3,322,597 2,262,418 1,325,096 1,476,993 973,309 2,712,424 2,812,523		100,000 150,000 95,000 55,000 61,518 38,482 100,000 100,000
M&G Investment Funds (1) M&G Investment Management Limited M&G Limited M&G Group Limited Prudential plc (Nortrust Noms Ltd A/C MEN01) – INTG	14-MAY-2007	-2,702,823		-100,000
M&G Investment Management Limited, M&G Limited, M&G Group Limited, Prudential plc ((Nortrust Noms Ltd)	13-APR-2007	1,217		53
M&G Investment Management Limited, M&G Limited, M&G Group Limited, Prudential plc (PRUCLT HSBC GIS NOM(UK) PPL AC)	16-MAR-2007 13-APR-2007	407,581 10,200		17,000 451

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