Dealings by 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 GDG Mackenzie Designation: Executive Director Date of transaction: 07 November 2013 Class of securities: Ordinary shares Number of securities and price: 275 000 at 70.0 cents per share 105 137 at 72.0 cents per share 25 000 at 73.0 cents per share Highest Price as at 73 cents 7 November 2013: Lowest Price as at 7 November 2013: 70 cents Total value: R286 448.64 Nature of interest: Direct beneficial Nature of Sale of BSI shares – on market transaction: trade Clearance obtained Yes Name of director: Mr GDG Mackenzie Designation: Executive Director Date of transaction: 08 November 2013 Class of securities: Ordinary shares Number of securities 94 863 at 70 cents per share and price: Total value: R66 404.10 Nature of interest: Direct beneficial Nature of Sale of BSI shares – on market transaction: trade Clearance obtained Yes Johannesburg 08 November 2013 Designated Advisor: Sasfin Capital (A division of Sasfin Bank Limited) Date: 08/11/2013 04:43:00 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.