Bsi : Director dealing - W Battershill 26 January 2016

CROOKES BROTHERS LIMITED - SENS ANNOUNCEMENT

BSI Steel Limited

(Incorporated in the Republic of South Africa) (Registration number 2001/023164/06)

JSE code: BSS

ISIN: ZAE000125134

("BSI" or "the Company")

DEALING 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 with director:

Battershill Investments (Pty) Ltd - of which 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: 26 January 2016

Nature of transaction: Purchase of BSI securities (on-market transaction)

Class of securities: Ordinary shares

Number of securities: 7 550

Price per security (cents):

Value of transaction:

36

R2 718.00

Nature of interest: Clearance obtained:

Indirect Beneficial Not applicable

Johannesburg 27 January 2016

Designated Advisor

Sasfin Capital (a division of Sasfin Bank Limited)