BSI STEEL LIMITED - Further Trading Statement

Further Trading Statement

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


FURTHER TRADING STATEMENT


Shareholders are referred to the trading statement announcement published
on the Stock Exchange News Service on 15 September 2017 regarding the
expected financial results for the six month period ended 30 September 2017.

Shareholders are advised that the Company expects to report:


   -   earnings per share of between 2.6 cents and 2.9 cents having
       decreased by between 31% and 38% in comparison to 4.2 cents
       reported for the prior comparative period; and
   -   headline earnings per share of between 2.7 cents and 3.1 cents having
       decreased by between 26% and 36% in comparison to 4.2 cents
       reported for the prior comparative period.


The information in this trading statement has not been reviewed or reported
on by the Company’s auditors.


Shareholders are advised that the results for the six month period ended 30
September 2017 will be published on or about 6 December 2017.


Johannesburg
29 November 2017


Designated Advisor
Sasfin Capital (a member of the Sasfin Group)

Date: 29/11/2017 04:11:00 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.