BSS - BSI Steel Limited - Sale of BSI shares by Vunani Capital (Pty) Ltd to

BSS - BSI Steel Limited - Sale of BSI shares by Vunani Capital (Pty) Ltd to     
Clark Investments Group                                                         
BSI STEEL LIMITED                                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number 2001/023164/06)                                            
JSE code: BSS                                                                   
ISIN: ZAE000125134                                                              
("the company")                                                                 
SALE OF BSI SHARES BY VUNANI CAPITAL (PTY) LTD TO CLARK INVESTMENTS GROUP       
Shareholders are referred to the SENS announcement dated 14 February 2011 and   
are advised that Vunani Capital (Pty) Limited ("Vunani") sold its shares to the 
Clark Investment Group ("Clark").                                               
The company thanks Vunani for its support of BSI and is pleased that Clark has  
increased their stake in BSI.                                                   
Clark is currently the company`s largest shareholder, outside directors and     
management, holding approximately 80 million shares or 11%. Clark`s decision to 
invest further in BSI is an encouraging sign for BSI and the business going     
forward.                                                                        
The company`s overall BBBEE status will be affected by the withdrawal of Vunani 
as shareholder, however, credits on other aspects of BBBEE are high, and        
therefore the overall effect will be manageable.                                
15 February 2011                                                                
Designated Adviser                                                              
Vunani Corporate Finance                                                        
Date: 15/02/2011 16:16:02 Supplied by www.sharenet.co.za                     
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