BSS - BSI Steel Limited - Fulfilment of the remaining conditions precedent to

BSS - BSI Steel Limited - Fulfilment of the remaining conditions precedent to   
the acquisition by BSI of 100% of Brown Mcfarlane Africa (Pty) Ltd and West     
Dunes (Pty) Ltd                                                                 
BSI STEEL Limited                                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number 2001/023164/06)                                            
JSE code: BSS                                                                   
ISIN: ZAE000125134                                                              
("BSI" or "the company")                                                        
FULFILMENT OF THE REMAINING CONDITIONS PRECEDENT TO THE ACQUISITION BY BSI OF   
100% OF BROWN McFARLANE AFRICA (PTY) LTD ("BMFA") AND WEST DUNES (PTY) LTD      
("WD") ("THE ACQUISITION")                                                      
1.   INTRODUCTION                                                               
Shareholders of BSI ("BSI shareholders") are referred to the announcements      
released by BSI on SENS on 19 March 2012 and 25 April 2012, wherein they were   
advised of the acquisition.                                                     
2.   FULFILMENT OF THE REMAINING CONDITIONS PRECEDENT TO THE IMPLEMENTATION OF  
    THE ACQUISITION                                                             
The South African Competition Authorities have approved the acquisition         
unconditionally.                                                                
BSI shareholders are therefore advised that all conditions precedent to the     
acquisition have now been fulfilled.                                            
Johannesburg                                                                    
25 June 2012                                                                    
Designated Advisor                                                              
Sasfin Capital                                                                  
(A division of Sasfin Bank Limited)                                             
Date: 25/06/2012 09:06:01 Supplied by www.sharenet.co.za                     
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