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 hereby advises that at the annual general meeting of shareholders held on 22 September 2015, the following resolutions, as set out in the notice of annual general meeting which was incorporated in the Integrated Annual Report distributed to shareholders on 24 August 2015, were duly approved by the requisite majority of shareholders present and voting, in person or represented by proxy. Shareholders are advised that: - total number of shares in issue as at the date of the annual general meeting: 719 854 996; - total number of shares that were present in person/represented by proxy at the annual general meeting: 573 317 425 shares being 79.64% of the total number of shares in issue. - Abstentions are represented below as a percentage of total number of shares in issue. Details of the results of the voting are as follows: Resolution Shares voted for Shares voted Shares abstained against Ordinary Business 1 To re-appoint Deloitte and Touché 571 132 071 - 2 185 354 as independent auditors of the Company (the designated auditor 100% 0% 0.30% being Mrs C Howard-Browne) 2 To re-elect the following new appointments to the board: Mrs E Vermaak; and Mr K Paxton: a) To re-elect Mrs E 571 132 071 - 2 185 354 Vermaak as a director 100% 0% 0.30% b) To re-elect Mr K Paxton 571 132 071 - 2 185 354 as a director 100% 0% 0.30% 3 To re-elect Dr RG Lewis to the 571 132 071 - 2 185 354 board. 100% 0% 0.30% 4 To re-appoint the following members to the Audit Committee: Mr N G Payne Mr B M Khoza Dr R G Lewis a) To appoint Mr NG 571 132 071 - 2 185 354 Payne as a member of the audit committee 100% 0% 0.30% b) To appoint Mr BM 571 132 071 - 2 185 354 Khoza as a member of the audit committee 100% 0% 0.30% c) To appoint Dr R G Lewis 571 132 071 - 2 185 354 as a member of the audit committee 100% 0% 0.30% 5 General authority to issue shares 571 132 071 - 2 185 354 for cash 100% 0% 0.30% 6 Remuneration policy 571 132 071 - 2 185 354 100% 0% 0.30% Special Business 1 General authority to repurchase 573 313 625 - 3 800 shares 100% 0% 0.00053% 2 Approval of non-executive 573 313 625 - 3 800 directors’ remuneration 100% 0% 0.00053% 3 Financial assistance to related or 573 313 625 - 3 800 inter-related companies 100% 0% 0.00053% 4 Financial assistance for 573 313 625 - 3 800 subscription of securities to related 100% 0% 0.00053% or inter-related companies Johannesburg 23 September 2015 Designated Advisor Sasfin Capital (a division of Sasfin Bank Limited) Date: 23/09/2015 02:14:00 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.