Sims Metal Management Acquires UK Electronics Recycling Assets of Wincanton PLC

Sims Metal Management Limited today announced that it has expanded its position in the UK electronics recycling market with the acquisition of the business assets of Wincanton PLC’s recycling division.

The recycling assets acquired in the transaction include electronic recycling plants at Billingham and Daventry and sortation centres at Harlow and Widnes. Sims Metal Management, through its electronics recycling division Sims Recycling Solutions, has existing UK electrical recycling facilities in Newport, Manchester, Ellesmere Port and Dumfries.

Graham Davy, Global CEO of Sims Recycling Solutions, said, "We are delighted to expand our geographical footprint within the UK market, allowing us to provide a more localized service to our growing client base. The retailer led capability and logistics expertise of Wincanton’s recycling division, together with its infrastructure, ideally complement our business model and processing expertise. Furthermore, the addition of a collaborative arrangement in reverse logistics with Wincanton PLC, the seller, will allow us to offer an unparalleled level of recycling excellence and service convenience to our UK customer base.”

The financial terms of the transaction were not disclosed, however, the purchase price consideration is not material to Sims Metal Management Limited.

Cautionary Statements Regarding Forward-Looking Information

This release may contain forward-looking statements, including statements about Sims Metal Management’s financial condition, results of operations, earnings outlook and prospects. Forward-looking statements are typically identified by words such as "plan,” "believe,” "expect,” "anticipate,” "intend,” "outlook,” "estimate,” "forecast,” "project” and other similar words and expressions.

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About Sims Metal Management

Sims Metal Management (www.simsmm.com) is the world’s largest listed metal recycler with approximately 230 facilities and 5,500 employees globally. Sims’ core businesses are metal recycling and recycling solutions. Sims Metal Management generated approximately 90 per cent of its revenue from operations in North America, the United Kingdom, Continental Europe, New Zealand and Asia in fiscal 2010. The Company’s ordinary shares are listed on the Australian Securities Exchange (ASX: SGM) and its ADRs are listed on the New York Stock Exchange (NYSE: SMS).