TRADING STATEMENT 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) TRADING STATEMENT In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on next will differ by at least 20% from those of the previous corresponding period. Alert Steel is in the process of completing the preparation of its results for the half year ended 31 December 2012. Accordingly, shareholders are advised that: * Despite difficult trading conditions and working capital constraints the results show an improvement in loss per share (LPS) of between 62% and 69% to a loss of between 0.6 and 0.8 cents per share (December 2011: LPS of 2.0 cents per share). * Headline loss per share (HLPS) has improved between 67% and 73% to a loss of between 0.5 to 0.7 cents per share (December 2011: HLPS of 2.0 cents per share). Shareholders are advised that the information included in this announcement has not been reviewed or reported on by the Company`s auditors. The results for the six months ended 31 December 2012 are expected to be released at the end of March 2013. Pretoria 20 March 2013 Designated Advisor Exchange Sponsors Date: 20/03/2013 11:56:00 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.