Dealings in Securities by Associates of Directors 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 ASSOCIATES OF DIRECTORS 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 associates of directors: Name of director: Mr Craig Parry Designation of director: Executive Director of BSI Name of associate and relationship with Craig Parry Family Trust of which Mr C Parry is a director: trustee and a beneficiary Date of transaction: 24 November 2016 Nature of transaction: Sale of BSI securities to Battershill Investments (Pty) Ltd (On-market transaction) Nature of interest: Indirectly beneficial Class of securities: Ordinary shares Number of securities: 4 572 703 Price per security: R0.4373 Value of transaction: R1 999 643.02 Clearance obtained: Not applicable Name of director: Mr William Battershill Designation of director: Chairman of BSI Name of associate and relationship with Battershill Investments (Pty) Ltd – of which Mr director: 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: 24 November 2016 Nature of transaction: Purchase of BSI securities from the Craig Parry Family Trust (on-market transaction) Class of securities: Ordinary shares Number of securities: 4 572 703 Price per security: R0.4373 Value of transaction: R1 999 643.02 Nature of interest: Indirect beneficial Clearance obtained: Not applicable Johannesburg 25 November 2016 Designated Advisor Sasfin Capital (a division of Sasfin Bank Limited) Date: 25/11/2016 03:45:00 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.