BSI STEEL LIMITED - Change to the board

Change to the board

BSI STEEL Limited
(Incorporated in the Republic of South Africa)
(Registration number 2001/023164/06)
JSE code: BSS
ISIN: ZAE000125134
(“BSI” or "the Company")

CHANGE TO THE BOARD OF DIRECTORS

In compliance with paragraph 3.59 of the JSE Limited Listings Requirements,
Shareholders are advised that Mr Jerry Govender has resigned as an executive
director of the Company with effect from 17 July 2015.

Jerry will remain involved with the BSI Group through his on-going executive role as
a director and shareholder with Qinisa Steel Solutions Proprietary Limited, in which
BSI has an investment.

The Chairman and the Board wish to thank Jerry for his valued contribution to the
Company during his tenure on the board and wish him well going forward.

Johannesburg
20 July 2015

Designated Advisor
Sasfin Capital
(a division of Sasfin Bank Limited)

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