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 ASSOCIATES OF A DIRECTOR In terms of paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements, the following information relating to dealing in securities by associates of a director is disclosed: Name of director Mr. William Battershill Company of which I am a director BSI Steel Limited Status: Executive / Non-Executive Chairman and Chief Executive Officer Date of transactions 27 November 2014 (1) & (2) Number of shares 130 000 000 (1) 130 000 000 (2) Class of shares Ordinary shares Nature of transaction (1) Off-market transfer of 130 000 000 shares from the Longfellow Trust of which Mr. Battershill is a trustee and beneficiary to Battershill Investments (Pty) Ltd of which Mr. Battershill is a director. The shareholders of Battershill Investments (Pty) Ltd are the Longfellow Trust (50%) and the Denbigh Trust (50%); and (2) Off-market transfer of 130 000 000 shares from the Denbigh Trust of which Mr. Battershill is a trustee and beneficiary to Battershill Investments (Pty) Ltd of which Mr. Battershill is a director. The shareholders of Battershill Investments (Pty) Ltd are the Longfellow Trust (50%) and the Denbigh Trust (50%) Cents per share 50 cents Total Rand value of shares R130 000 000.00 Nature and extent of interest Indirect beneficial - the shares were transferred from one of the director’s associates to another associate of the director. Accordingly, no shares were disposed of by the director and his indirect beneficial shareholding in the Company remains unchanged. (1) & (2) Clearance obtained Not required 1 December 2014 Designated advisor: Sasfin Capital (a division of Sasfin Bank Limited) Date: 01/12/2014 04:19:00 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.