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 issueOrdinary shares2
    
    Number of +securities issued or to be issued (if known) or maximum
number which may be issued1,667
 
 +
    
    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)Fully paid ordinary shares
 
 +
    
    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?
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
  5
    
    Issue price or considerationN/A6
    
    Purpose of the issue
(If issued as consideration for the
acquisition of assets, clearly identify
those assets)Issue of fully paid ordinary shares
pursuant to the vesting of restricted
stock units under the Sims Metal
Management Long Term Incentive Plan.7
    
    Dates of entering
+securities into
uncertificated
holdings or
despatch of
certificates1 July 2011
 
 +
    
    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
    
    +Class205,395,581
    
    
    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
    
    +Class2,193,286
    
    
    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).7,121
    
    
    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)
 
 +
    
    See chapter 19 for defined terms. 1/1/2003
    
    Appendix 3B Page 5




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Appendix 3B
 Number
    
    +Class937,287
    
    
    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)
 
 +
    
    See chapter 19 for defined terms. Appendix 3B Page 6
    
    24/10/2005




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10
    
    Dividend policy (in the
case of a trust,
distribution policy) on
the increased capital
(interests)N/A
 Part 2   Bonus issue or pro rata issue
 11
    
    Is security holder approval required?N/A12
    
    Is the issue renounceable or non-renounceable?N/A13
    
    Ratio in which the +securities will be offeredN/A14
    
    +Class of +securities to which the offer relatesN/A15
    
    +Record date to determine entitlementsN/A16
    
    Will holdings on different registers (or subregisters) be aggregated
for calculating entitlements?N/A17
    
    Policy for deciding entitlements in relation to fractionsN/A18
    
    Names of countries in which the entity has +security holders who will
not be sent new issue documents


Note: Security holders must be told how their entitlements are to be
dealt with.

Cross reference: rule 7.7.N/A19
    
    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/A21
    
    Amount of any underwriting fee or commissionN/A22
    
    Names of any brokers to the issueN/A23
    
    Fee or commission payable to the broker to the issueN/A24
    
    Amount of any handling fee payable to brokers who lodge
acceptances or renunciations on behalf of +security holdersN/A25
    
    If the issue is contingent on +security holders approval, the
date of the meetingN/A26
    
    Date entitlement and acceptance form and prospectus or Product
Disclosure Statement will be sent to persons entitledN/A27
    
    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/A28
    
    Date rights trading will begin (if applicable)N/A29
    
    Date rights trading will end (if applicable)N/A30
    
    How do +security holders sell their entitlements in fullthrough a
broker?N/A31
    
    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/A33
    
    +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)
    þ
    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  1,000
1,001  5,000
5,001  10,000
10,001  100,000
100,001 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/A39
    
    Class of +securities for which quotation is
soughtN/A40
    
    Do the +securities rank equally in all
respects from the date of allotment with an
existing +class of quoted +securities?

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
 N/A41
    
    Reason for request for quotation nowExample: In the case of restricted securities,
end of restriction period(if issued upon conversion of another
security, clearly identify that other
security)N/A42
    
    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.Note: An entity may need to obtain appropriate warranties from subscribers for the
securities in order to be able to give this warranty
    
    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/ Frank. Moratti
    
    Date: 01/07/2011(Company secretary)Print name:
    
    Frank Moratti
  
 +
    
    See chapter 19 for defined terms.