REVISED SALIENT DATES AND TIMES ON THE SHARE CONSOLIDATION FINALISATION ANNOUNCEMENT Alert Steel Holdings Limited (Incorporated in the Republic of South Africa) (Registration number: 2003/005144/06) (Share Code: AET ISIN Code: ZAE000092847) ("Alert Steel" or "the Company") REVISED SALIENT DATES AND TIMES ON THE SHARE CONSOLIDATION FINALISATION ANNOUNCEMENT Shareholders are referred to the SENS announcement dated 3 October 2012 and the circular dated 2 October 2012, regarding inter alia the consolidation on a 100:1 basis of the authorised and issued share capital of Alert Steel (“Share Consolidation”) and the SENS announcement dated 9 November 2012 regarding the delay in the salient dates and times of the Share Consolidation. A certificate of confirmation from the Companies and Intellectual Property Commission in relation to the relevant special resolutions regarding the Share Consolidation has now been received. In light of the receipt of such certificate of confirmation, the revised salient dates and times of the Share Consolidation are accordingly set out below: 2012 Last date to trade in Shares before the Share Consolidation Friday, 30 November Consolidated Shares trade under new ISIN: ZAE000170395 Monday, 3 December Record date to determine those Shareholders whose Shares will be subject to Friday, 7 December the Share Consolidation ("Record Date") Dematerialised shareholders accounts at CDSP's or brokers updated in Monday10 December respect of the Share Consolidation Replacement share certificates posted to certificated shareholders provided Monday,10 December their existing share certificates are surrendered by 12:00 on the Record Date (otherwise within five business days after receipt of such existing share certificates), on or about Notes: . 1. All times given are South African local times. 2. Shareholders may not dematerialise or rematerialise any of their pre-consolidated Shares after Friday, 30 November 2012. 19 November 2012 Johannesburg Designated Advisor Exchange Sponsors Date: 19/11/2012 12:51:00 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.