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 dealing in securities by an associate of a director: Name of director: Mr William Battershill Designation: Chairman and CEO of BSI Name of associate and relationship Battershill Investments (Pty) Ltd – of which with director: Mr Battershill is a director, 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: 25 January 2016 Nature of transaction: Purchase of BSI securities (on-market transaction) Class of securities: Ordinary shares Number of securities: 300 Price per security (cents): 34.00 Value of transactions: R102.00 Nature of interest: Indirect Beneficial Clearance obtained: Not applicable Johannesburg 26 January 2016 Designated Advisor: Sasfin Capital (a division of Sasfin Bank Limited) Date: 26/01/2016 12:44:00 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.