BSI STEEL LIMITED - Dealing in Securities by Directors and the Company Secretary

Dealing in Securities by Directors and the Company Secretary

BSI STEEL Limited
(Incorporated in the Republic of South Africa)
(Registration number 2001/023164/06)
JSE code: BSS
ISIN: ZAE000125134
(“BSI” or "the company")


DEALING IN SECURITIES BY DIRECTORS AND THE COMPANY SECRETARY

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
company hereby discloses the following dealings in the company’s securities by a director
and the company secretary in terms of which the director and company secretary accepted
equity-settled share appreciation rights granted by the company in terms of the BSI Share
Appreciation Rights Scheme (“the Scheme”):

Name of director of BSI:           Emmerentia Vermaak – Financial Director (1)

Company secretary of BSI:          Stephen Hackett                             (2)
Date of grant:                     14 August 2015
Date of acceptance:                14 August 2015
Class of securities:               Equity-settled share appreciation rights (“SARs”)

Grant price:                       49.5 cents

Vesting date:                      30 June 2017

Number of SARs granted:            500 000                                     (1)
                                   250 000                                     (2)

Total Rand value of the SARs       R247 500.00                                   (1)
                                   R123 750.00                                   (2)


Nature of interest:                Direct beneficial

Nature of transaction:             Acceptance of SARs granted to the director and company
                                   secretary in terms of the Scheme. The vesting of the
                                   SARs is subject to certain performance conditions being
                                   fulfilled by the vesting date.
                                   (Off-market transaction)

Clearance obtained                 Yes

14 August 2015
Designated Advisor:
Sasfin Capital (a division of Sasfin Bank Limited)

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