BSS 201703200032A Notification in terms of Section 122(3) of the Companies Act and Paragraph 3.83(b) of the JSE Listings Requirements BSI Steel Limited (Incorporated in the Republic of South Africa) (Registration number 2001/023164/06) JSE code: BSS ISIN: ZAE000125134 (“BSI” or “the Company”) NOTIFICATION IN TERMS OF SECTION 122(3) OF THE COMPANIES ACT AND PARAGRAPH 3.83(b) OF THE JSE LIMITED’S LISTINGS REQUIREMENTS In compliance with section 122(3)(b) of the Companies Act, 2008 (Act 71 of 2008) as amended (“Companies Act”) and paragraph 3.83(b) of the JSE Limited’s Listings Requirements, BSI shareholders are advised that BSI has received notification in terms of section 122(1) of the Companies Act that Newcolab Proprietary Limited, a wholly-owned subsidiary of the Company, has acquired a beneficial interest in the securities of the Company, such that their entire beneficial interest amounts to 5.328% of the total number of BSI securities in issue. As required in terms of section 122(3)(a) of the Companies Act, BSI has filed the required notice with the Takeover Regulation Panel. Johannesburg 20 March 2017 Designated Advisor Sasfin Capital (a division of Sasfin Bank Limited) Date: 20/03/2017 02:59:00 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.