Dealings in securities by an associate of 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") DEALINGS IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the Company hereby discloses the following dealings in securities by an associate of a director: Name of director: Mr William Battershill Designation: Chairman and Chief Executive Officer of BSI Name of associate and relationship Battershill Investments (Pty) Ltd (“BI”) – of with director: which Mr Battershill is a director and the shares of which are held by the Longfellow Trust – 50% (of which Mr Battershill is a trustee and beneficiary) and by the Denbigh Trust – 50% (of which Mr Battershill is a trustee and beneficiary) Date of transaction: 24 August 2015 Nature of transaction: On market purchase of BSI securities Class of securities: Ordinary shares Nature of interest: Indirect beneficial Number of securities: 250 000 Price per security: R0.47 Value of transaction: R117 500 Date of transaction: 25 August 2015 Nature of transaction: On market purchase of BSI securities Class of securities: Ordinary shares Nature of interest: Indirect beneficial Number of securities: 405 000 Price per security: R0.47 Value of transaction: R190 350 Clearance obtained: Not applicable Johannesburg 27 August 2015 Designated Advisor Sasfin Capital (A division of Sasfin Bank Limited) Date: 27/08/2015 03:58:00 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.