SIMS LIMITED — Major Shareholding Notification 2013

May 30, 2013

Form 603 Corporations Law Section 671B Notice of Initial substantial holder To Company Name/Scheme Sims Metal Management Limited ACN/ARSN Details of substantial holder(1) 1. Name Vinva investment Management ACN/ARSN (If applicable) 147 934 263 29/05/13 The holder became a substantial holder on

2. Details of 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 on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Persons' votes (5)	Voting power (6)
FPO	10.311.572	10,311,572	5.05%
	$\cdots$

*Based on issued capital of 204,309,387 shares

3. Details of relevant Interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	-----Nature of relevant interest (7)	Class and number of securities
- See Schedule 1

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevantinterest	Registered holder ofsecurities	Person entitled to be registered asholder (8)	Class and numberof securities
See Schedule 1

Б. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevantinterest	Date of acquisition	Consideration (9)		Class and numberof securities
		Cash	Non-cash
Vinva InvestmentManagement	Various dates between29/01/13 and 29/05/13	(59, 198, 420.41)		5,822,187.00

Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

----Name and ACN/ARSN (if applicable)--	---Nature of association$\cdots$
N/A	سمعت
	┯

7. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Vinva Investment Management	Level 13, 10 Bridge Street, Sydney, NSW 2000

Signature

print name	Robert Cocprane	Chief Operating Officercapacity
sign here٠		31.5, 13date
	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 specificallynamed group if the membership of each group, with the names and addresses of members is clearl 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.
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• The total number of votes attached to all the voting shares in the company or voting interests in the echeme (if any) that the $(5)$ person or an associate has a relevant interest in.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. (6).
• (7) Include details of:
  • any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) (e) 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'.
• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest $(9)$ Details of the consideration must include any and an benefits, money and one), that any person month a relevant include we applied that acquisition. Details must be included even if the benefit is conditional on the happen relevant interest was acquired.

Schedule 1 - Becoming a substantial holding for Sims Metal Management Limited - Vinva Investment Management

Details of relevant interests

Holder of relevant interest	of relevant interestNature -	Class and number of securities
vinva Investment Management	to (or to control) exercise votePower 1	10,311,572 Fully paid ordinary shares
	dispose of the securities asand/or
	onary investment managers ordiscretio
	advisers of superannuation funds, pooled
	inuation trusts, managed investmentsuperar
	schemes and investment management
	ents.meants

Details of present registered holders

IHolder of relevant interest	8Registered holder of securiti	Persons entitled to be a registered holder	Class and number of securities
Vinva Investment Management	ΞJP Morgan Nominees Australia	JP Morgan Nominees Australia Ltd	5,677,431 FPO
Vinya Investment Management	National Nominees Ltd	National Nominees Ltd	2,638,932 FPO
Vinva Investment Management	State Street Australia Limited	State Street Australia Limited	772,564 FPO
Vinva Investment Management	Cogent Nominees Limited	Cogent Nominees Ltd	1,222,645 FPO

$10,311,572$

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