AET - Alert Steel Holdings Limited - Notification of Share Dealing by Directors

AET - Alert Steel Holdings Limited - Notification of Share Dealing by Directors 
of Alert Steel                                                                  
ALERT STEEL HOLDINGS LIMITED                                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number 2003/005144/06)                                            
JSE code: AET                                                                   
ISIN: ZAE000092847                                                              
("Alert Steel" or "the Company")                                                
Notification of Share Dealing by Directors of Alert Steel                       
In compliance with paragraph 3.63 to 3.66 of the JSE Limited Listings           
Requirements shareholders are hereby notified that Alert Steel shares were      
disposed off market by an associate of an Alert Steel director.                 
The details are as follows:                                                     
Name of director:                  W Schalekamp                                 
Category of director:              Executive director                           
Name of company:                   Alert Steel                                  
Date of transaction:               22/12/2011                                   
Price of securities:               0.033 cents                                  
Number of securities:              1 355 091                                    
Total value of securities:         R44 718                                      
Class of securities:               Ordinary shares                              
Nature of transaction:             Disposal (These shares were transferred in   
                                  terms of a sub-underwriting agreement         
pertaining to the recent rights offer by      

                                  Alert Steel.)                                 
Interest (direct or indirect)      Indirect beneficial                          
Clearance given in terms of                                                     
Paragraph 3.66                     No                                           
Name of director:                  W Schalekamp                                 
Category of director:              Executive director                           
Name of company:                   Alert Steel                                  
Date of transaction:               04/01/2012                                   
Price of securities:               0.033 cents                                  
Number of securities:              2 334 424                                    
Total value of securities:         R 77 036                                     
Class of securities:               Ordinary shares                              
Nature of transaction:             Disposal (These shares were transferred in   
                                  terms of a sub-underwriting agreement         
                                  pertaining to the recent rights offer by      
Alert Steel.)                                 

Interest (direct or indirect)      Indirect beneficial                          
Clearance given in terms of                                                     
Paragraph 3.66                     No                                           
Name of director:                  W Schalekamp                                 
Category of director:              Executive director                           
Name of company:                   Alert Steel                                  
Date of transaction:               20/01/2012                                   
Price of securities:               0.033 cents                                  
Number of securities:              6 454 545                                    
Total value of securities:         R 213 000                                    
Class of securities:               Ordinary shares                              
Nature of transaction:             Disposal (These shares were transferred in   
                                  terms of a sub-underwriting agreement         
                                  pertaining to the recent rights offer by      
                                  Alert Steel.)                                 
Interest (direct or indirect)      Indirect beneficial                          
Clearance given in terms of                                                     
Paragraph 3.66                     No                                           
Pretoria                                                                        
26 January 2012                                                                 
Designated advisor                                                              
QuestCo(Pty) Limited                                                            
Date: 26/01/2012 16:02:44 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.