SIMS LIMITED — Major Shareholding Notification 2014

Jul 24, 2014

Form 605 Corporations Act 2001 Section 671B

Notice of Ceasing to be a Substantial Holder

To: SIMS Metal Management Ltd ACN/ARSN: $\mathbb{R}^2$

1. Details of substantial holder (s)

Name: FIL Limited and the entities listed in Annexure A ("FIL"),

ACN/ARSN (if applicable)

The holder ceased to be a substantial holder on	23 July 2014
The previous notice was given to the company on	17 July 2014
The previous notice was dated	17 July 2014

2. 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	Personwhoserelevantinterestchanged	Nature ofchange(6)	Considerationgiven inrelation tochange (7)	Class andnumber ofsecuritiesaffected	Person'svotesaffected
			AUD $	Common Stock	CommonStock
7/16/2014	FIL	BUY	9.31	535	535
7/16/2014	FIL	BUY	9.31	676	676
7/16/2014	FIL	BUY	9.30	362	362
7/16/2014	FIL	BUY	9.30	535	535
7/16/2014	FIL	BUY	9.30	4,162	4 1 6 2
7/16/2014	FIL	BUY	9.23	17,867	17,867
7/16/2014	FIL	BUY	9.25	532	532
7/16/2014	FIL	BUY	9.25	535	535
7/16/2014	FIL	BUY	9.25	1,979	1,979
7/16/2014	FIL	BUY	9.55	2,334	2,334
7/16/2014	FIL	BUY	9.55	502	502
7/16/2014	FIL	BUY	9.55	535	535
7/16/2014	FIL	BUY	9.55	532	532
7/16/2014	FIL	BUY	9.60	535	535

				Overall Decrease	4,395,157
				Total Sells	4,572,335
				Total Buys	177,178
7/23/2014	FIL	BUY	9.42	5,109	5,109
7/23/2014	FIL	SELL	9.74	1,250,000	1,250,000
7/23/2014	FIL	SELL	9.74	1,120,736	1,120,736
7/23/2014	FIL	SELL	9.74	150,000	150,000
7/22/2014	FIL	BUY	9.80	14,580	14,580
7/22/2014	FIL	BUY	9.80	4,032	4,032
7/22/2014	FIL	BUY	9.80	2,541	2,541
7/22/2014	FIL	BUY	9.72	20,3831,199	20,3831,199
7/22/2014	FIL	BUY	9.729.72	553	553
7/22/2014	FIL	BUY	9.72	55,301	55,301
7/22/2014	FIL	BUY		1,530	1,530
7/22/2014	FIL	BUY	9.73	3,573	3.573
7/22/2014	FIL	BUY	9.73		821,040
7/22/2014	FIL	SELL	9.73	821,040	2,744
7/21/2014	FIL	BUY	9.73	2,744
7/21/2014	FIL	BUY	9.72	759	759
7/21/2014	FIL	BUY	9.72	525	525
7/21/2014	FIL	BUY	9.72	525	3,836525
7/21/2014	FIL	BUY	9.749.72	5253,836	525
7/21/2014	FIL	BUYBUY	9.74	10,409	10,409
7/21/2014	FIL		9.74	525	525
7/21/2014	FILFIL	BUYBUY	9.74	673	673
7/21/2014	FIL	SELL	9.74	791,200	791,200
7/21/20147/21/2014	FIL	SELL	9.69	337,478	337,478
7/21/2014	FIL	SELL	9.69	24,401	24,401
7/18/2014	FIL	BUY	9.69	534	534
7/18/2014	FIL	BUY	9.69	534	534
7/18/2014	FIL	BUY	9.67	534	534
7/18/2014	FIL	BUY	9.67	534	534
7/18/2014	FIL	BUY	9.67	747	747
7/18/2014	FIL	BUY	9.67	534	534
7/18/2014	FIL	SELL	9.75	40,000	40,000
7/17/2014	FIL	SELL	9.75	37,480	37,480
7/16/2014	FIL	BUY	9.75	4,687	4,687
7/16/2014	FIL	BUY	9.75	3,974	3.974
7/16/2014	FIL	BUY	9.60	1,361	1,361
7/16/2014	FIL	BUY	9.60	1,155	1 1 5 5
7/16/2014	FIL	BUY	9.60	888	888

3. Resulting interest

Class of Securities (4)	Number of securities Person's votes (5)		$\sqrt{\frac{1}{100}}$ Voting power (6)
Common Stock FIL	8,062,737	$3.94%$	3.94%

4. Changes in Association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (ifapplicable)	Nature of association
NA

5. Addresses

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

Refer to Annexure A

Sign Here

P. ADOGNOBER.

Dated: 25 July 2014 Philip Alexander Regulatory Reporting Manager, Asia Pacific Duly authorized under Powers of Attorney by and on behalf of FIL Limited

Annexure A

Vame	Address	Registered Holder of Securities	Nature of Relevent Interest	Total
FIL INVESTMENT MANAGEMENT(AUSTRALIA) LIMITED	Level 11, 167 Macquarie Street, Sydney, NSW2000	JP MORGAN, BOURNEMOUTH (C)	Investment Discretion/Voting Power	2,530
		BROWN BROS HARRIMN LTD LUX (C)		615,921
	Pembroke Hall, 42 Crow Lane, Pembroke,
FIL LIMITED	Bermuda	BROWN BROS HARRIMN LTD LUX (C)	Investment Discretion/Voting Power	1,485
		BROWN BROTHERS HARRIMAN AND CO		71,349
		JP MORGAN, BOURNEMOUTH (C)		893.151
		NOMURA TRUST AND BANKING (C)		67,632
FIL INVESTMENT MANAGEMENT		BROWN BROS HARRIMN LTD LUX (C)		171,869
(SINGAPORE) LIMITED	One Marina Boulevard #28-00, Singapore 018989 MASTER TRUST BANK OF JAPAN (C)		Investment Discretion/Voting Power	130,779
		HSBC BANK PLC (C)		4,561,551
		CITIBANK NA, HONG KONG BR (S)		202,350
		NORTHERN TRUST LUX (C)		388,372
		HSBC TRINKAUS UND BURKH AG (C)		508,008
FIL PENSION MANAGEMENT	ğOakhill House, 130 Tonbridge Ro
	Hildenborough, Kent, England TN119DZ	CLEARSTREAM BANKING SA LUX (C)	Investment Discretion/Voting Power	12,360
FIL INVESTMENT MANAGEMENT	Suite 2201, Level 22, Two Pacific Place, 88
(HONG KONG) LIMITED	Queensway, Admiralty, Hong Kong	BROWN BROS HARRIMN LTD LUX (C)	Investment Discretion/Voting Power	435,380