Exhibit 99.1
 Rule 2.7, 3.10.3, 3.10.4, 3.10.5
 Appendix 3B
 New issue announcement,
application for quotation of additional securities
and agreement
 Information or documents not available now must be given to ASX as soon as available.
Information and documents given to ASX become ASXs property and may be made public.
  SIMS METAL MANAGEMENT LIMITED
 
  Part 1  All issues
 You must complete the relevant sections (attach sheets if there is not enough space).
 1
    
    +Class of +securities issued or to be issueRestricted stock units [SGMAI]2
    
    Number of +securities issued or to be issued (if known) or maximum number which may be issued28,893
 +
    
    See chapter 19 for defined terms.




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Appendix 3B
New issue announcement
 3
    
    Principal terms of the +securities (eg, if options, exercise price and expiry date; if partly
paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the
conversion price and dates for conversion)Under the Sims Metal Management Long Term Incentive Plan (SimsMM Plan), participants may be
granted restricted stock units (RSUs), which are the right to receive an ordinary share or
American Depositary Share in the entity upon satisfaction of vesting conditions for a nil
issue price. In respect of this particular grant, for the RSUs to vest, and ordinary shares be
issued, which they may do on 16 June 2014 (the Vesting Date), the recipinet must remain in
the employ of the entity or a related party, or subject to certain matters have ceased to be
an employee as a result of a qualifying cessation, on the Vesting Date.
 +
    
    See chapter 19 for defined terms. Appendix 3B Page 2
    
    24/10/2005




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4
    
    Do the +securities rank equally in all respects from the date of allotment with an
existing +class of quoted +securities?
   
    
    the date from which they do
    
    the extent to which they participate for the next dividend, (in the case of a trust,
distribution) or interest payment
    
    the extent to which they do not rank equally, other than in relation to the next dividend,
distribution or interest payment
 5
    
    Issue price or considerationNil6
    
    Purpose of the issue
(If issued as consideration for the acquisition of assets, clearly identify those assets)Issue of restricted stock units under the SimsMM Plan.7
    
    Dates of entering +securities into uncertificated holdings or despatch of certificates
  +
    
    See chapter 19 for defined terms. 1/1/2003
    
    Appendix 3B Page 3




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Appendix 3B
New issue announcement
 8
    
    Number and
+class
of all
+securities
quoted on ASX (includingthe securities in clause 2 if
applicable)
 Number
    
    
    +Class205,393,914
    
    
    Fully paid ordinary shares
 +
    
    See chapter 19 for defined terms. Appendix 3B Page 4
    
    24/10/2005




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9
    
    Number and
+class
of all
+securities
not quoted on ASX (includingthe securities in clause 2 if
applicable)
 Number
    
    
    +Class2,194,953
    
    
    performance rights and restricted stock units [SGMAI]
(this is the maximum number of ordinary shares and ADSs,
collectively, which may be issued pursuant to the performance
rights and restricted stock units assuming that the performance
hurdles are met under the SimsMM Plan or the former Sims Metal
Management Long Term Incentive Plan or individual contracts.4,578
    
    
    restricted stock units [SGMAM]
(issued to certain executives under the former Sims Metal
Management Long Term Incentive Plan and individual contracts-
this is the maximum number of ordinary shares which may be
issued pursuant to the restricted stock units assuming that
(where applicable) all the performance hurdles are met and
service pre-requisites are satisfied.615,000
    
    
    options [SGMAK]
(issued to certain executives that were formerly executives of
Metal Management Inc (MMI) under the former MMI 2002 Incentive
Plan and that are outstanding under the Sims Metal Management
Limited Transition Incentive Stock Plan  this is the maximum
number of ordinary shares which may be issued pursuant to the
exercise of options.226,799
    
    
    options exp 24/11/ 2015 [SGMAK]
(issued to executive directors pursuant to the SimsMM Plan -
this is the maximum number of ordinary shares and ADSs,
collectively, which may be issued pursuant to the exercise of
options).322,949
    
    
    options exp 2/04/2016 [SGMAK]
(issued to certain executives pursuant to the SimsMM Plan  this
is the maximum number of ordinary shares and ADSs, collectively,
which may be issued pursuant to the exercise of options).901,564
    
    
    options exp 17/06/2016 [SGMAK]
(issued to certain executives pursuant to the SimsMM Plan  this
is the maximum number of ordinary shares and ADSs, collectively,
which may be issued pursuant to the exercise of options).
 +
    
    See chapter 19 for defined terms. 1/1/2003
    
    Appendix 3B Page 5




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Appendix 3B
New issue announcement
 Number
    
    
    +Class7,121
    
    
    options exp 22/10/2016 [SGMAK]
(issued to executive pursuant to the SimsMM Plan  this is the
maximum number of ordinary shares and ADSs, collectively, which
may be issued pursuant to the exercise of options)937,287
    
    
    options exp 23/11/ 2016 [SGMAK]
(issued to certain executives, including the executive director,
pursuant to the SimsMM Plan  this is the maximum number of
ordinary shares and ADSs, collectively, which may be issued
pursuant to the exercise of options).203,908
    
    
    options exp 22/11/ 2017 [SGMAK]
(issued to executive pursuant to the SimsMM Plan  this is the
maximum number of ADSs which may be issued pursuant to the
exercise of options)824,541
    
    
    options exp 30/11/2017 [SGMAK]
(issued to executive pursuant to the SimsMM Plan  this is the
maximum number of ordinary shares and ADSs, collectively, which
may be issued pursuant to the exercise of options)16,499
    
    
    options exp 17/12/2017 [SGMAK]
(issued to executive pursuant to the SimsMM Plan  this is the
maximum number of ADSs which may be issued pursuant to the
exercise of options)
 10
    
    Dividend policy (in the case of a trust, distribution policy) on the increased capital
(interests)N/A
 +
    
    See chapter 19 for defined terms. Appendix 3B Page 6
    
    24/10/2005




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Part 2   Bonus issue or pro rata issue
 11
    
    Is security holder approval required?N/A
 12
    
    Is the issue renounceable or non-renounceable?N/A
 13
    
    Ratio in which the +securities will be offeredN/A
 14
    
    +Class of +securities to which the offer relatesN/A
 15
    
    +Record date to determine entitlementsN/A
 16
    
    Will holdings on different registers (or subregisters) be
aggregated for calculating entitlements?N/A
 17
    
    Policy for deciding entitlements in relation to fractionsN/A
 18
    
    Names of countries in which the entity has +security holders
who will not be sent new issue documentsNote: Security holders must be told how their entitlements
are to be dealt with.
Cross reference: rule 7.7.N/A
 19
    
    Closing date for receipt of acceptances or renunciationsN/A
 
 +
    
    See chapter 19 for defined terms. 1/1/2003
    
    Appendix 3B Page 7




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Appendix 3B
New issue announcement
 20
    
    Names of any underwritersN/A
 21
    
    Amount of any underwriting fee or commissionN/A
 22
    
    Names of any brokers to the issueN/A
 23
    
    Fee or commission payable to the broker to the issueN/A
 24
    
    Amount of any handling fee payable to brokers who lodge
acceptances or renunciations on behalf of +security
holdersN/A
 25
    
    If the issue is contingent on +security holders
approval, the date of the meetingN/A
 26
    
    Date entitlement and acceptance form and prospectus or
Product Disclosure Statement will be sent to persons
entitledN/A
 27
    
    If the entity has issued options, and the terms entitle
option holders to participate on exercise, the date on
which notices will be sent to option holdersN/A
 28
    
    Date rights trading will begin (if applicable)N/A
 29
    
    Date rights trading will end (if applicable)N/A
 30
    
    How do +security holders sell their entitlements in full
through a broker?N/A
 31
    
    How do +security holders sell partof their entitlements
through a broker and accept for the balance?N/A
 
 +
    
    See chapter 19 for defined terms. Appendix 3B Page 8
    
    1/1/2003




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32
    
    How do +security holders dispose of their entitlements
(except by sale through a broker)?N/A
 33
    
    +Despatch dateN/A
 Part 3  Quotation of securities
 You need only complete this section if you are applying for quotation of securities
 34
    
    Type of securities
(tick one)
 (a)
    
    o
    
    Securities described in Part 1(b)
    
    o
    
    All other securitiesExample: restricted securities at the end of the escrowed period,
partly paid securities that become fully paid, employee incentive
share securities when restriction ends, securities issued on expiry or
conversion of convertible securities
 Entities that have ticked box 34(a)
 Additional securities forming a new class of securities
 Tick to indicate you are providing the information or documents
 35
    
    o
    
    If the +securities are +equity securities, the names of the 20 largest
holders of the additional +securities, and the number and percentage
of additional +securities held by those holders36
    
    o
    
    If the +securities are +equity securities, a distribution schedule of
the additional +securities setting out the number of holders in the
categories1  1,0001,001  5,0005,001  10,00010,001  100,000100,001 and over37
    
    o
    
    A copy of any trust deed for the additional +securities
 
 +
    
    See chapter 19 for defined terms.




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Appendix 3B
New issue announcement
 Entities that have ticked box 34(b)
 38
    
    Number of securities for which +quotation is
soughtN/A
 39
    
    Class of +securities for which quotation is
soughtN/A
 40
    
    Do the +securities rank equally in all
respects from the date of allotment with an
existing
+class
of quoted
+securities?N/A
If the additional securities do not rank
equally, please state:
 
    
    the date from which they do
 
    
    the extent to which they participate
for the next dividend, (in the case of a
trust, distribution) or interest payment
 
    
    the extent to which they do not rank
equally, other than in relation to the next
dividend, distribution or interest payment
 41
    
    Reason for request for
quotation now
Example: In the case of restricted securities, end of restriction period(if issued upon conversion of another
security, clearly identify that other
security)N/A
 42
    
    Number and +class of all +securities quoted on
ASX (includingthe securities in clause 38)
 Number
    
    +ClassN/A
    
    
    N/A
 Quotation agreement
 1
    
    +Quotation of our additional +securities is in ASXs absolute discretion. ASX may quote the
+securities on any conditions it decides.
 
 +
    
    See chapter 19 for defined terms. Appendix 3B Page 10
    
    1/1/2003




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2
    
    We warrant the following to ASX.
 
    
    The issue of the +securities to be quoted complies with the law and is not for an
illegal purpose.
 
    
    There is no reason why those +securities should not be granted +quotation.
 
    
    An offer of the +securities for sale within 12 months after their issue
will not require disclosure under section 707(3) or section 1012C(6) of the
Corporations Act.
  
    
    Section 724 or section 1016E of the Corporations Act does not apply to any
applications received by us in relation to any +securities to be quoted and that no-one
has any right to return any +securities to be quoted under sections 737, 738 or 1016F
of the Corporations Act at the time that we request that the +securities be quoted.
 
    
    If we are a trust, we warrant that no person has the right to return the +securities
to be quoted under section 1019B of the Corporations Act at the time that we request
that the +securities be quoted.
 3
    
    We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action
or expense arising from or connected with any breach of the warranties in this agreement.
 4
    
    We give ASX the information and documents required by this form. If any information or
document not available now, will give it to ASX before +quotation of the +securities begins.
We acknowledge that ASX is relying on the information and documents. We warrant that they are
(will be) true and complete.
 Sign here:
    
    -s- V. Moratti
    
    Date: 22/06/2011(Company secretary)Print name:
    
    Frank Moratti
 
 +
    
    See chapter 19 for defined terms.