SIMS LIMITED — Major Shareholding Notification 2016

Mar 6, 2016

Level 19, 31 Queen Street Melbourne VIC 3000 Australia telephone 03 8616 1957 facsimile 03 8616 1111 www.greencapecapital.com ABN 98 120 328 529 AFSL 303903

7 March 2016

The Manager Company Announcements Office ASX Limited 20 Bridge Street SYDNEY NSW 2000

By electronic lodgement

Dear Sir/Madam

Re: Notice of ceasing to be a substantial holder ~ Sims Metal Management Limited (SGM)

We enclose notice of ceasing to be a substantial holder in Sims Metal Management Limited. This notice is given by Greencape Capital Pty Ltd.

Yours faithfully

Melissa Robinson Company Secretary

attach

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme	Sims Metal Management Limited
ACN/ARSN	114 838 630
1. Details of substantial holder (1)
Name	Greencape Capital Pty Ltd
ACN/ARSN (if applicable)	120 328 529
The holder ceased to be asubstantial holder on	03/03/2016
The previous notice was given to the company on	08/01/2016
The previous notice was dated	08/01/2016

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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 relevantinterest changed	Nature of change (4)	Consideration given inrelation to change (5)	Class (6) andnumber ofsecuritiesaffected	Person's votesaffected
Refer	Greencape	Refer	Refer	Refer	Refer Annexure
Annexure 1	Capital Pty Ltd	Annexure 1	Annexure 1	Annexure 1	1

3. Changes in association

The persons who have become associates (3) 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 (if applicable)	Nature of association
N/A	N/A

4. Addresses

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

Name	Address
Greencape Capital Pty Ltd	Level 2, 5 Martin Place, Sydney

Signature

print name	Melissa Robinson	Capacity	Company Secretary
sign here		date	07/03/2016

DIRECTIONS

(1) If there area 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 4 of the form.

(2) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

(3) See the definition of "associate" in section 9 of the Corporations Act 2001.

(4) Include details of:

(a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. 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 Act 2001.

(5) 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.

(6) The voting shares of a company constitute one class unless divided into separate classes.

(7) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

[Insert Signature Here]

Melissa Robinson Company Secretary of Greencape Capital Pty Ltd

Sims Metal Management Limited (SGM)
03/03/2016
Ordinary Fully Paid

	Holder of relevant			Number of	Person's Votes
Date of Change	interest	Nature of Change	Consideration	Securities	Affected
	07/01/2016 Greencape Capital Pty Ltd	Buy	3,488.00	522	522
07/01/2016 as above		Buy	3,548.14	531	531
07/01/2016 as above		Buy	7,984.99	1,195	1,195
07/01/2016 as above		Buy	34,425.66	5,152	5,152
07/01/2016 as above		Buy	61,240.53	9,165	9,165
07/01/2016 as above		Buy	63,839.83	9,554	9,554
07/01/2016 as above		Buy	88,883.96	13,302	13,302
07/01/2016 as above		Buy	145,814.60	21,822	21,822
07/01/2016 as above		Buy	255,753.55	38,275	38,275
14/01/2016 as above		Buy	19,963.68	3,300	3,300
18/01/2016 as above		Sell	15,650.00	-2,500	2,500
18/01/2016 as above		Buy	15,650.00	2,500	2,500
20/01/2016 as above		Buy	74,124.00	11,600	11,600
21/01/2016 as above		Buy	72,039.00	11,100	11,100
29/01/2016 as above		Buy	1,356.00	200	200
29/01/2016 as above		Sell	1,356.00	-200	200
05/02/2016 as above		Buy	6,625.80	900	900
10/02/2016 as above		Buy	5,576.00	800	800
15/02/2016 as above		Sell	12,922.04	-1,700	1,700
15/02/2016 as above		Sell	12,922.04	-1,700	1,700
15/02/2016 as above		Sell	28,124.44	-3,700	3,700
15/02/2016 as above		Sell	47,127.44	-6,200	6,200
15/02/2016 as above		Sell	65,370.32	-8,600	8,600
15/02/2016 as above		Sell	77,532.24	-10,200	10,200
15/02/2016 as above		Sell	120,859.08	-15,900	15,900
15/02/2016 as above		Sell	136,821.60	-18,000	18,000
15/02/2016 as above		Sell	216,634.20	-28,500	28,500
15/02/2016 as above		Sell	224,235.40	-29,500	29,500
15/02/2016 as above		Sell	234,116.96	-30,800	30,800
15/02/2016 as above		Sell	237,157.44	-31,200	31,200
15/02/2016 as above		Sell	313,929.56	-41,300	41,300
15/02/2016 as above		Sell	356,496.28	-46,900	46,900
15/02/2016 as above		Sell	396,782.64	-52,200	52,200
15/02/2016 as above		Sell	513,081.00	-67,500	67,500
15/02/2016 as above		Sell	526,763.16	-69,300	69,300
15/02/2016 as above		Sell	633,179.96	-83,300	83,300
15/02/2016 as above		Sell	721,353.88	-94,900	94,900
15/02/2016 as above		Sell	899,221.96	-118,300	118,300
16/02/2016 as above		Sell	3,362.54	-427	427
16/02/2016 as above		Sell	3,362.54	-427	427
16/02/2016 as above		Sell	3,362.54	-427	427
16/02/2016 as above		Sell	6,536.06	-834	834
16/02/2016 as above		Sell	6,536.06	-834	834
16/02/2016 as above		Sell	6,536.06	-834	834
16/02/2016 as above		Sell	7,355.06	-934	934
16/02/2016 as above		Sell	12,190.19	-1,548	1,548

	Holder of relevant			Number of	Person's Votes
Date of Change	interest	Nature of Change	Consideration	Securities	Affected
16/02/2016 as above		Sell	14,302.53	-1,825	1,825
16/02/2016 as above		Sell	17,025.32	-2,162	2,162
16/02/2016 as above		Sell	20,175.24	-2,562	2,562
16/02/2016 as above		Sell	23,691.25	-3,023	3,023
16/02/2016 as above		Sell	31,318.08	-3,977	3,977
16/02/2016 as above		Sell	33,087.81	-4,222	4,222
16/02/2016 as above		Sell	35,727.97	-4,537	4,537
16/02/2016 as above		Sell	39,216.35	-5,004	5,004
16/02/2016 as above		Sell	56,328.44	-7,153	7,153
16/02/2016 as above		Sell	58,218.40	-7,393	7,393
16/02/2016 as above		Sell	60,869.98	-7,767	7,767
16/02/2016 as above		Sell	61,793.56	-7,847	7,847
16/02/2016 as above		Sell	64,313.49	-8,167	8,167
16/02/2016 as above		Sell	69,451.49	-8,862	8,862
16/02/2016 as above		Sell	81,551.43	-10,356	10,356
16/02/2016 as above		Sell	92,899.02	-11,797	11,797
16/02/2016 as above		Sell	103,404.00	-13,131	13,131
16/02/2016 as above		Sell	109,482.89	-13,970	13,970
16/02/2016 as above		Sell	113,158.44	-14,439	14,439
16/02/2016 as above		Sell	120,102.03	-15,325	15,325
16/02/2016 as above		Sell	125,007.99	-15,951	15,951
16/02/2016 as above		Sell	133,249.49	-16,921	16,921
16/02/2016 as above		Sell	137,242.01	-17,428	17,428
16/02/2016 as above		Sell	158,503.33	-20,225	20,225
16/02/2016 as above		Sell	164,984.93	-20,951	20,951
16/02/2016 as above		Sell	180,564.48	-23,040	23,040
16/02/2016 as above		Sell	188,105.35	-23,887	23,887
16/02/2016 as above		Sell	200,995.54	-25,647	25,647
16/02/2016 as above		Sell	233,724.06	-29,680	29,680
16/02/2016 as above		Sell	259,005.01	-33,049	33,049
16/02/2016 as above		Sell	266,763.64	-34,039	34,039
16/02/2016 as above		Sell	320,690.04	-40,920	40,920
16/02/2016 as above		Sell	365,619.56	-46,653	46,653
16/02/2016 as above		Sell	454,256.03	-57,963	57,963
17/02/2016 as above		Sell	2,575.81	-334	334
17/02/2016 as above		Sell	2,575.81	-334	334
17/02/2016 as above		Sell	2,575.81	-334	334
17/02/2016 as above		Sell	5,629.76	-730	730
17/02/2016 as above		Sell	9,346.94	-1,212	1,212
17/02/2016 as above17/02/2016 as above		SellSell	13,048.7015,462.56	-1,692-2,005	1,6922,005
17/02/2016 as above		Sell	23,992.03	-3,111	3,111
17/02/2016 as above		Sell	27,377.60	-3,550	3,550
17/02/2016 as above		Sell	43,156.35	-5,596	5,596
17/02/2016 as above		Sell	44,613.92	-5,785	5,785
17/02/2016 as above		Sell	47,351.68	-6,140	6,140
17/02/2016 as above		Sell	49,279.68	-6,390	6,390
17/02/2016 as above		Sell	62,482.62	-8,102	8,102
17/02/2016 as above		Sell	71,181.76	-9,230	9,230
17/02/2016 as above		Sell	79,233.09	-10,274	10,274
17/02/2016 as above		Sell	102,099.17	-13,239	13,239
17/02/2016 as above		Sell	105,160.83	-13,636	13,636
17/02/2016 as above		Sell	126,422.82	-16,393	16,393
17/02/2016 as above		Sell	144,144.99	-18,691	18,691
17/02/2016 as above		Sell	179,088.06	-23,222	23,222
18/02/2016 as above		Sell	22,380.93	-2,886	2,886
18/02/2016 as above		Sell	104,956.17	-13,534	13,534
18/02/2016 as above		Sell	115,766.64	-14,928	14,928
18/02/2016 as above		Sell	119,620.88	-15,425	15,425
18/02/2016 as above		Sell	256,992.95	-33,139	33,139
18/02/2016 as above		Sell	308,703.29	-39,807	39,807
18/02/2016 as above		Sell	351,154.16	-45,281	45,281
22/02/2016 as above		Sell	2,935.97	-446	446

	Holder of relevant			Number of	Person's Votes
Date of Change	interest	Nature of Change	Consideration	Securities	Affected
22/02/2016 as above		Sell	2,956.98	-446	446
22/02/2016 as above		Sell	21,842.06	-3,318	3,318
22/02/2016 as above		Sell	22,004.97	-3,319	3,319
22/02/2016 as above		Sell	109,559.20	-16,643	16,643
22/02/2016 as above		Sell	110,336.46	-16,642	16,642
22/02/2016 as above		Sell	111,185.18	-16,890	16,890
22/02/2016 as above		Sell	111,980.70	-16,890	16,890
22/02/2016 as above		Sell	121,619.08	-18,475	18,475
22/02/2016 as above		Sell	122,489.25	-18,475	18,475
22/02/2016 as above		Sell	247,477.54	-37,594	37,594
22/02/2016 as above		Sell	249,248.22	-37,594	37,594
22/02/2016 as above		Sell	297,362.76	-45,172	45,172
22/02/2016 as above		Sell	299,490.36	-45,172	45,172
22/02/2016 as above		Sell	338,769.20	-51,462	51,462
22/02/2016 as above		Sell	341,193.06	-51,462	51,462
03/03/2016 as above		Sell	11,375.55	-1,487	1,487
03/03/2016 as above		Sell	11,449.90	-1,487	1,487
03/03/2016 as above		Sell	14,148.00	-1,800	1,800
03/03/2016 as above		Sell	20,058.30	-2,622	2,622
03/03/2016 as above		Sell	20,189.40	-2,622	2,622
03/03/2016 as above		Sell	20,471.40	-2,676	2,676
03/03/2016 as above		Sell	20,605.20	-2,676	2,676
03/03/2016 as above		Sell	25,382.54	-3,236	3,236
03/03/2016 as above		Sell	29,950.76	-3,857	3,857
03/03/2016 as above		Sell	44,764.57	-5,707	5,707
03/03/2016 as above		Sell	45,690.14	-5,825	5,825
03/03/2016 as above		Sell	52,318.35	-6,839	6,839
03/03/2016 as above		Sell	52,668.00	-6,840	6,840
03/03/2016 as above		Sell	52,827.34	-6,803	6,803
03/03/2016 as above		Sell	53,914.48	-6,943	6,943
03/03/2016 as above		Sell	58,315.95	-7,623	7,623
03/03/2016 as above		Sell	58,704.80	-7,624	7,624
03/03/2016 as above		Sell	95,540.85	-12,489	12,489
03/03/2016 as above		Sell	96,173.00	-12,490	12,490
03/03/2016 as above		Sell	104,850.90	-13,706	13,706
03/03/2016 as above		Sell	104,950.35	-13,719	13,719
03/03/2016 as above		Sell	105,536.20	-13,706	13,706
03/03/2016 as above		Sell	105,644.00	-13,720	13,720
03/03/2016 as above		Sell	116,762.81	-14,886	14,886
03/03/2016 as above		Sell	130,144.33	-16,592	16,592
03/03/2016 as above		Sell	137,771.95	-17,742	17,742
03/03/2016 as above		Sell	153,566.57	-19,776	19,776
03/03/2016 as above		Sell	213,218.02	-27,183	27,183
03/03/2016 as above		Sell	233,172.00	-30,480	30,480
03/03/2016 as above		Sell	233,988.40	-29,831	29,831
03/03/2016 as above		Sell	234,215.87	-29,860	29,860
03/03/2016 as above		Sell	234,696.00	-30,480	30,480
03/03/2016 as above		Sell	251,587.95	-32,399	32,399
03/03/2016 as above		Sell	276,095.24	-35,555	35,555
03/03/2016 as above		Sell	276,367.03	-35,590	35,590
03/03/2016 as above		Sell	280,012.95	-36,603	36,603
03/03/2016 as above		Sell	281,843.10	-36,603	36,603
03/03/2016 as above		Sell	319,433.40	-41,756	41,756
03/03/2016 as above		Sell	321,490.40	-41,752	41,752
03/03/2016 as above		Sell	520,349.85	-66,339	66,339
03/03/2016 as above		Sell	614,002.27	-79,070	79,070
03/03/2016 as above		Sell	624,884.17	-79,666	79,666
03/03/2016 as above		Sell	712,805.33	-90,875	90,875
03/03/2016 as above		Sell	737,346.30	-94,954	94,954
03/03/2016 as above		Sell	841,067.41	-108,311	108,311

Total Number of Securities -3,046,420