Results of AGM BSI STEEL Limited (Incorporated in the Republic of South Africa) (Registration number 2001/023164/06) JSE code: BSS ISIN: ZAE000125134 (“BSI” or "the Company") RESULTS OF ANNUAL GENERAL MEETING The board of directors of BSI advise that at the Annual General Meeting of shareholders held on 23 September 2014, the following resolutions, as set out in the Abridged report to shareholders dated 15 August 2014, were duly approved by the requisite majority of shareholders present and voting: Resolution Number of % of shares % of % of votes % of votes shares voted in shares carried for against the voted in person or abstained the resolution person or by proxy resolution by proxy Ordinary Business 1 To Adopt the annual financial 623 581 838 88.85% 0.00% 100.00% 0.00% statements for the year ended 31 March 2014 2 To re-appoint Deloitte and Touche 623 581 838 88.85% 0.00% 100.00% 0.00% as independent auditors of the Company (the designated auditor being Mrs C Howard-Browne) 3 To re-elect Mr NG Payne as a 623 581 838 88.85% 0.00% 100.00% 0.00% director 4 a) To appoint Mr NG Payne as a 623 581 838 88.85% 0.00% 100.00% 0.00% member of the audit committee a) To appoint Mr BM Khoza as a 623 581 838 88.85% 0.00% 100.00% 0.00% member of the audit committee b) To appoint Mr JR Waller as a 623 581 838 88.85% 1.68% 97.88% 0.44% member of the audit committee 5 General authority to issue shares for 307 506 624 43.82% 0.00% 95.70% 4.30% cash 6 Remuneration philosophy 623 581 838 88.85% 0.00% 99.56% 0.44% Special Business 1 General authority to repurchase 623 581 838 88.85% 0.00% 99.56% 0.44% shares 2 Approval of directors’ remuneration 623 581 838 88.85% 0.00% 100.00% 0.00% 3 Financial assistance to related or 623 581 838 88.85% 0.00% 100.00% 0.00% inter-related companies 4 Financial assistance for subscription 623 581 838 88.85% 0.00% 99.56% 0.44% of securities 5 Financial assistance to 623 581 838 88.85% 0.00% 99.56% 0.44% directors/prescribed officers The special resolutions, where appropriate, will be filed with the Companies and Intellectual Property Commission. Johannesburg 25 September 2014 Designated Advisor Sasfin Capital (a division of Sasfin Bank Limited) Date: 25/09/2014 09:40:00 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.