Dealing in securities by a Director 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 A DIRECTOR In compliance with the terms of paragraph 3.63 to 3.74 of the Listings Requirements of the JSE Limited, the Company hereby discloses the following director’s dealings in the Company’s shares: Name of director: Mr WL Battershill Designation: Group Chairman – Executive Director Date of transaction: 12 November 2012 Class of securities: Ordinary shares Price: 43 cents per share Number of securities: 4 230 Sub total: R1 818.90 Price: 49 cents per share Number of securities: 111 770 Sub total: R54 767.30 Total value R56 586.20 BSI high 12 November 49 cents per share 2012 BSI low 12 November 42 cents per share 2012 BSI close 12 November 49 cents per share 2012 Nature of interest: Indirect beneficial - by the Longfellow Family trust of which Mr Battershill is a beneficiary and Trustee. Nature of Purchase of BSI shares – on market transaction: trade Clearance to trade Yes obtained: Name of director: Mr WL Battershill Designation: Group Chairman – Executive Director Date of transaction: 12 November 2012 Class of securities: Ordinary shares Price: 49 cents per share Number of securities: 238 540 Sub total: R116 884.60 Price: 44 cents per share Number of securities: 5 000 Sub total: R2 200.00 Price: 42 cents per share Number of securities: 4 180 Sub total: R1 755.60 Total value R120 840.20 BSI high 12 November 49 cents per share 2012 BSI low 12 November 42 cents per share 2012 BSI close 12 November 49 cents per share 2012 Nature of interest: Direct beneficial Nature of Purchase of BSI shares – on market transaction: trade Clearance to trade Yes obtained: Johannesburg 13 November 2012 Designated Advisor: Sasfin Capital (A division of Sasfin Bank Limited) Date: 13/11/2012 11:50:00 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.