SIMS LIMITED — Major Shareholding Notification 2007

Jun 5, 2007

ASX & MEDIA RELEASE (ASX CODE: SGM)

SYDNEY, 6 JUNE 2007

HUGO NEU - MITSUI

Further to its previous announcement on 2 April 2007, Sims Group Limited (Company) announced today that it had been advised that Hugo Neu Corporation had completed the sale of 19.9% of its holding in the Company to a related company of Mitsui & Co., Ltd. Mr John Neu has resigned as a director of the Company and all of its subsidiaries and affiliates.

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)