BSS - BSI Steel Limited - Trading update

BSS - BSI Steel Limited - Trading update                                        
BSI STEEL Limited                                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number 2001/023164/06)                                            
JSE code: BSS                                                                   
ISIN: ZAE000125134                                                              
("the company")                                                                 
TRADING UPDATE                                                                  
BSI advises that the company is currently finalising its results for the year   
ending 31 March 2011 and earnings and headline earnings for the period are      
expected to be higher by at least 20% compared to earnings and headline         
earnings for the year ended 31 March 2010.                                      
At this stage, the directors are unable to quantify, with any degree of         
certainty, the exact expected earnings and headline earnings for the year       
ending 31 March 2011 and will release a further announcement containing such    
detail in due course.                                                           
The financial information on which this trading update is based has not been    
reviewed or reported on by the company`s auditors.                              
31 March 2011                                                                   
Designated Adviser                                                              
Vunani Corporate Finance                                                        
Date: 31/03/2011 15:21:01 Supplied by www.sharenet.co.za                     
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