Exhibit 4.15
 CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO CERTAIN PORTIONS OF THIS AGREEMENT.
CONFIDENTIAL PORTIONS HAVE BEEN OMITTED AND FILED SEPARATELY WITH THE U.S. SECURITIES AND EXCHANGE
COMMISSION.
  the Bank
 APPLICATION FOR GROUP ACCOMMODATION
 the Applicant the Accommodation
  Cap Limit
 Cap Limit Amount
 Common Terms Deed
 Exchange Rate
 Group Limit .
 Group Limit Amount .
 Margin
 Group Limit Amount($A)
    

Margin[*]
    
    [*]
  Multi-Option Facility Agreement
  1.
    (a)
    
    The Accommodation shall be granted on the Banks usual terms
and conditions, the terms and conditions set out in this
application, the Multi-Option Facility Agreement, the Common
Terms Deed and such other terms and conditions as the Bank
may from time to time impose.
 (b)
    (i)
    
    The Applicant must ensure that the
Group Limit Amount is less than or
equal to the Group Limit.(ii)
    
    The Applicant must ensure that the Cap Limit Amount is less than or
equal to the Cap Limit.(iii)
    
    If at any time the Group Limit Amount exceeds the Group Limit or
the Cap Limit Amount exceeds the Cap Limit the Applicant must pay to the Bank on
demand the amount necessary to reduce the Group Limit Amount or the Cap Limit
 [*] Confidential Treatment Requested




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##### 



2  (c)
    (i)
    
    The Accommodation shall be secured by such securities as may from time to time
be agreed between the Bank and the company named in the Second Schedule hereto, which
securities shall be in such form or forms as required by the Bank. Securities presently
required are set out in the annexure hereto (being, as at the date of this application,
none).(ii)
    
    The titles to any property over which security is to be granted to
the Bank must be to the Banks satisfaction and will be investigated by the Bank
or its solicitors at the Applicants expense. Any expense incurred by the Bank
in such investigation will be paid by the Applicant whether or not any
Accommodation is granted.(iii)
    
    The Applicant understands and agrees that any inspection
undertaken of any property over which security is to be granted will be conducted
for the Banks own internal purposes only and not on the Applicants behalf and
will remain the Banks exclusive property. The Applicant also understands and
agrees that the Bank will not incur any responsibility whatsoever for or in
connection with and makes no representation with respect to the construction of
any building on the land or the standard or value thereof by virtue of any such
inspection or any subsequent action it may take as a result of such inspection.(iv)
    
    The Applicant must not, and must procure that no other company
comprising the Applicant will, create or allow to exist or agree to any
Encumbrance (as defined in the Common Terms Deed) over any account to which this
Application for Accommodation applies.
 (d)
    
    The Bank may from time to time at its pleasure cancel or vary the Cap Limit or the Group Limit, immediately by notice
in writing to the company named in the Second Schedule
hereto and may vary the rate of interest applicable to
the Accommodation in accordance with the procedure for
the review and renewal of its commitment under clause
4.5 of the Multi-Option Facility Agreement.(e)
    
    The Accommodation is payable on the earlier of:
 (i)
    
    the date on which demand for repayment of the Accommodation is made
by the Bank;(ii)
    
    the Termination Date (as defined in the Multi-Option Facility
Agreement) (if any) for the Overdraft Facility (as defined in the Multi-Option
Facility Agreement); and(iii)
    
    the Final Termination Date (as defined in the Multi-Option
Facility Agreement).
 (f)
    
    The Applicant will pay to the Bank, the Banks fees and charges (including
establishment fees and charges, loan service and account service fees and charges) which
the Bank shall charge, pay or incur in any way in connection with the establishment and
continuance of the Accommodation (initially as specified in the Third Schedule and
thereafter as advised by the Bank from time to time) and any right, power, claim or
remedy of any kind in respect of the Accommodation or any security for the Accommodation.(g)
    
    The Bank may debit any account of the Applicant with all interest in respect of the
Accommodation or credit any account of the Applicant with any net credit interest payable
by the Bank to the applicant in accordance with clause 1(h)(v) and all costs, charges and
expenses as aforesaid.
 (h)
    
    Interest accrues and is calculated on the net balance of all accounts of the
Applicant to which this Application for Accommodation applies (the accounts of the
applicant) as follows:-
 [*] Confidential Treatment Requested




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##### 



3 (i)
    
    Interest at the Corporate Overdraft Reference Rate (being the
interest rate published under that title from time to time by the Bank in leading
daily newspapers in each State for overdraft accommodation or, if there is no
such rate at any time, any substitute or replacement reference rate published by
the Bank from time to time) plus the Margin, is calculated on any day on which
the net balance of the accounts of the applicant is in debit and is calculated on
that net debit balance (the debit interest). The determination by the Bank of
the Corporate Overdraft Reference Rate and the Margin is, in the absence of
manifest error, conclusive and binding on the Applicant;(ii)
    
    Interest, initially at the rate specified in the Third Schedule and
thereafter at the rate agreed by the company named in the Second Schedule and the
Bank in writing, is calculated on any day on which the net balance of the
accounts of the applicant is in credit and is calculated on that net credit
balance (the credit interest);(iii)
    
    The amounts of debit interest and credit interest are set off
against each other on the monthly interest charging date for the accounts of the
applicant to produce a net balance of either debit interest owing by the
applicant to the Bank or credit interest payable by the Bank to the applicant;(iv)
    
    If as a result of the set-off in accordance with clause 1(h)(iii) a
net balance of debit interest is owing by the applicant to the Bank the net debit
interest is debited to any account of the applicant in accordance with clause
1(g); and(v)
    
    If as a result of the set-off in accordance with clause 1(h)(iii) a
net balance of interest is payable by the Bank to the applicant the net credit
interest is credited to any account of the applicant in accordance with clause
1(g).
 2.
    (a)
    
    The Applicant requests and authorises the Bank to make available all or any part of the
Accommodation to any one or more of the companies comprising the Applicant by allowing any one
or more of the companies from time to time to draw upon such of their accounts conducted with
the Bank as the Bank may approve.(b)
    
    The Applicant requests and authorises the Bank to rely on such authorities to
operate upon accounts by cheque or any other means given to the Bank by any of the
companies comprising the Applicant from time to time to authorise drawings of all or any
part of the Accommodation.(c)
    
    The Applicant agrees to indemnify the Bank for all liabilities incurred to the Bank
by any of the companies comprising the Applicant and each company agrees to be liable
jointly with all other companies comprising the Applicant and severally as principal
debtor to the Bank for all moneys from time to time owing to the Bank pursuant to the
Accommodation whether or not the same exceeds the Cap Limit or Group Limit.(d)
    
    The Applicant acknowledges that the Bank may during the continuance of the
Accommodation refuse to honour or pay cheques drawn or any other drawings upon any of the
companies accounts, whether the relevant account is in debit or credit at the time the
cheques are presented for payment or the drawings requested to be made, in any case where
the Cap Limit, the Group Limit or the Commitment (as defined in the Multi-Option Facility Agreement) would be exceeded if
such cheques or other drawings were paid.
 [*] Confidential Treatment Requested




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##### 



4 (e)
    
    The Applicant authorises the Bank in its discretion to apply the whole or any part
of the balance standing to the credit of any of its accounts with the Bank from time to
time towards satisfaction of any moneys owing to the Bank pursuant to the Accommodation
on any account of any of the companies comprising the Applicant.(f)
    
    The Applicant appoints the company named in the Second Schedule to this application
to be its agent for the purposes of receiving from and giving to the Bank all advice and
notifications relevant to the Accommodation, including notices of non-payment or
dishonour of any drawings on the accounts of any companies comprising the Applicant and
requests for increases in the Cap Limit or the Group Limit and for the extension of the
Accommodation to a further company or companies and any release or exchange or addition
to the securities securing the Accommodation from time to time and agreeing the accounts
to which this Application applies and the rate of interest on any net credit balance of
the accounts of the Applicant in accordance with clause 1(h)(ii).(g)
    
    The Applicant agrees that the Bank in its discretion from time to time may agree to
the Accommodation being extended to such further company or companies as may be nominated
by the company named in the Second Schedule provided that such further company or
companies is incorporated in Australia, accedes as an Additional Borrower (as defined
in the Multi-Option Facility Agreement) under and in accordance with the Multi-Option
Facility Agreement and agrees in writing to be bound by all terms and conditions
applicable to the Accommodation including the terms of this application. The Applicant
further agrees with respect to each such extension of the Accommodation that:-
 (i)
    
    the liability of the Applicant with respect to the companies
comprising the Applicant immediately prior to the extension of Accommodation to
any company shall not be affected by such extension; and(ii)
    
    the terms of this application, including without limitation the
indemnity set out in clause 2(c), shall apply to such further company or
companies as if they were named in the first Schedule.
 (h)
    
    Where the securities securing the Accommodation are varied from the securities set
out in the annexure hereto, then the companies comprising the Applicant agree that any
release of, exchange or addition to, the securities at any time shall not release or
discharge any of the companies comprising the Applicant from full liability in respect of
the Accommodation including, without limitation, their liability under clause 2(c).(i)
    
    Upon any extension of the Accommodation to any further company or companies
pursuant to clause 2(g) or any release of, exchange or addition to the securities
securing the Accommodation pursuant to clause 2(h) a new Schedule setting out details of
all the companies thereafter to comprise the Applicant and/or the securities thereafter
securing the Accommodation shall be signed by or on behalf of the Bank and the company
named in the Second Schedule hereto and in the event that the new Schedule amends the
First Schedule hereto whether by addition or deletion of companies comprising the
Applicant such new Schedule will apply in substitution for the First Schedule or in the
event that the new Schedule varies the securities required by the Bank to secure the
Accommodation such new Schedule will apply in substitution for the annexure referred to
in clause 1(c)(i).(j)
    
    No payment which may be avoided under any law for the time being in force relating
to bankruptcy or the winding up or administration of companies and no release settlement
or discharge which may have been given or made on the faith of any such payment shall
prejudice or affect the right of the Bank to recover under this application from the
Applicant and in the event of any such
 [*] Confidential Treatment Requested




---



##### 



5 payment being so avoided, whether such avoidance
is ordered, compromised or conceded, the Bank and the Applicant shall be restored to the
rights which each respectively would have had if no such payment had been made and no
release settlement or discharge had been given or made on the faith thereof and the Bank
may in its discretion decline to give any such release settlement or discharge so long as
any payment made in or towards payment of the Accommodation remains liable to be so
avoided.
 (k)
    (i)
    
    If:
  (b)
    
    the commencement or introduction of, or a change in any
present or future order, official policy, directive, requirement guideline or
request (whether or not having the force of law but if not having the force
of law, would be complied with by a responsible financial institution) of or
from any government or central bank or governmental, fiscal, monetary,
supervisory or other authority provided that any such change does not relate
to the effective rate of tax which is imposed on the overall net income of
the Bank),
   (ii)
    
    Where the increased cost or reduction is indirect, then the Applicant
must pay to the Bank the proportion of it which the Bank determines is fairly
attributable to the Accommodation granted to the Applicant by the Bank.(iii)
    
    In determining any amount payable under clause 2(k) (i) or (ii), the
Bank may use averaging, attribution and/or any other methods of calculation as it
commonly uses and/or any other reasonable methods of calculation as it deems
appropriate.(iv)
    
    The Applicant is not obliged to pay compensation under this clause if the
relevant increased cost, reduction in the amount receivable or reduction in return
on capital is:
 (a)
    
    fully compensated for by clause 9.4 of the Common Terms Deed; or(b)
    
    attributable to the wilful breach by the Bank of any law or a
breach by the Bank of the terms of a Transaction Document (as defined in the
Common Terms Deed).
 (iv)
    
    In the event of any inconsistency between the provisions of this clause
2(k) and any similar clause in any agreement between any company comprising the
Applicant and the Bank relating to the provision of the Accommodation,
 [*] Confidential Treatment Requested




---



##### 



6 the
provisions of this clause 2(k) shall apply to the extent of any inconsistency
between this clause 2(k) and any such inconsistent provision.
 (l)
    
    The Applicant hereby acknowledges that it has not relied on any representations,
predictions or statements of opinion by the Bank or any of its officers or agents as to
the tax treatment of any interest debited to or accruing to any account of the Applicant
under this Application for Group Accommodation.(m)
    
    The Applicant acknowledges and agrees that this application is a Transaction Document
for the purposes of the Common Terms Deed and the Multi-Option Facility Agreement.(n)
    
    This application is governed by the laws of New South Wales.
  [*] Confidential Treatment Requested




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##### 



7 First Schedule
 
 [*] Confidential Treatment Requested




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##### 



8 Second Schedule
  [*] Confidential Treatment Requested




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##### 



9 Third Schedule  Overdraft fees and credit interest
 Overdraft Fees and Charges
 Overdraft Line Fee
    
    
    [*]
    
    
    
    [*]
    
    
    p.a. chargedquarterly
 Credit Interest
    
    TermsFacility LimitsFor Balances to $500,000.00
    
    
    p.a. RBA Target Cash Rate (presently: [*]p.a.) less [*]For Balances to $1,000,000.00
    
    
    p.a. RBA Target Cash Rate (presently: [*]p.a.) less [*]For Balances to $2,000,000.00
    
    
    p.a. RBA Target Cash Rate (presently: [*]p.a.) less [*]For Balances over $2,000,000.00
    
    
    p.a. RBA Target Cash Rate (presently: [*]p.a.) less [*]
 Proposed Fee GST
    
    
    Proposed Fee GSTCash Pooling Facilities
    
    Exclusive
    
    
    Inclusive
    
    
    
    TermsNotional Cash Pooling (GLF/NBRS)Maintenance Fee
    
    
    [*]
    
    
    
    [*]
    
    
    per month
 Proposed Fee GST
    
    
    Proposed Fee GSTAccount Transactions
    
    Exclusive
    
    
    Inclusive
    
    
    TermsTransaction FeesAccount Maintenance Fee
    
    
    [*]
    
    
    
    [*]
    
    
    per A/C per monthCheques Written / Negotiated
    
    
    [*]
    
    
    
    [*]
    
    
    per itemOver the Counter Deposit
    
    
    [*]
    
    
    
    [*]
    
    
    per transactionCheques in OTC Deposits
    
    
    [*]
    
    
    
    [*]
    
    
    per itemOver the
Counter Withdrawals / Cash Cheques
    
    
    [*]
    
    
    
    [*]
    
    
    per transactionQuick Deposits Box Deposits
    
    
    [*]
    
    
    
    [*]
    
    
    per transactionCheques in Quick Deposits Box Deposits
    
    
    [*]
    
    
    
    [*]
    
    
    per itemElectronic Debit  Electronic Withdrawal
    
    
    [*]
    
    
    
    [*]
    
    
    per transactionElectronic Debit  ATM Withdrawal
    
    
    [*]
    
    
    
    [*]
    
    
    per transactionElectronic Credit  Electronic Deposit
    
    
    [*]
    
    
    
    [*]
    
    
    per transaction
 Accounts
 Current Fee GST
    
    
    Current Fee GSTAncillary Services
    
    Exclusive
    
    
    Inclusive
    
    
    
    TermsService FeesAudit Certificate Fee
    
    
    [*]
    
    
    
    [*]
    
    
    per certificateCertificate of Balance / Interest
    
    
    [*]
    
    
    
    [*]
    
    
    per certificateBank Cheque  Issuance Fee
    
    
    [*]
    
    
    
    [*]
    
    
    per chequeBank Cheque  Cancellation Fee
    
    
    [*]
    
    
    
    [*]
    
    
    per chequeBank Cheque  Duplicate Issuance fee
    
    
    [*]
    
    
    
    [*]
    
    
    per chequeBankers Opinion Fee
    
    
    [*]
    
    
    
    [*]
    
    
    per itemNote Handling Fee (for OTC Dr/Cr notes
over $50,000)
    
    
    [*]
    
    
    
    [*]
    
    
    per transactionCoin Handling Fee (for OTC Dr/Cr coins
over $1,000)
    
    
    [*]
    
    
    
    [*]
    
    
    per transaction
 [*] Confidential Treatment Requested




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##### 



10 Current Fee GST
    
    
    Current Fee GSTAncillary Services
    
    Exclusive
    
    
    Inclusive
    
    
    
    TermsDishonour Fee  Outward (cheque)
    
    
    [*]
    
    
    
    [*]
    
    
    per itemDishonour Fee  Outward (DE)
    
    
    [*]
    
    
    
    [*]
    
    
    per itemDuplicate Statement Fee
    
    
    [*]
    
    
    
    [*]
    
    
    per statementEncashment Authority Fee
    
    
    [*]
    
    
    
    [*]
    
    
    per itemForeign Currency Draft Fee (from branch)
    
    
    [*]
    
    
    
    [*]
    
    
    per draftInward International Money Transfer
(IMT) Cr to Non-CBA A/C Fee
    
    
    [*]
    
    
    
    [*]
    
    
    per transactionInward International Money Transfer
(IMT) Cr to CBA A/C Fee
    
    
    [*]
    
    
    
    [*]
    
    
    per transactionNight Safe Wallet (initial)
    
    
    [*]
    
    
    
    [*]
    
    
    per itemNight Safe Wallet (additional)
    
    
    [*]
    
    
    
    [*]
    
    
    per itemOverdrawing Approval Fee
    
    
    [*]
    
    
    
    [*]
    
    
    per approvalQuickCash Envelopes  Fee
    
    
    [*]
    
    
    
    [*]
    
    
    per itemStopped Cheque Fee
    
    
    [*]
    
    
    
    [*]
    
    
    per chequeStopped Cheque Lift Fee
    
    
    [*]
    
    
    
    [*]
    
    
    per chequeSpecial Answer Fee
    
    
    [*]
    
    
    
    [*]
    
    
    per itemTransaction Trace  Paper
    
    
    [*]
    
    
    
    [*]
    
    
    per itemTransaction Trace  Electronic
    
    
    [*]
    
    
    
    [*]
    
    
    per itemTransaction Trace  International
    
    
    [*]
    
    
    
    [*]
    
    
    per itemVoucher Retrieval Fee (per item)
    
    
    [*]
    
    
    
    [*]
    
    
    per traceVoucher Retrieval Fee (min price)
    
    
    [*]
    
    
    
    [*]
    
    
    per requestVoucher Retrieval Fee (per hour)
    
    
    [*]
    
    
    
    [*]
    
    
    per hour
 Payments: Electronic Banking
 Current Fee GST
    
    
    Current Fee GSTCommBiz
    
    Exclusive
    
    
    Inclusive
    
    
    TermsElectronic Banking Channel Fees
(CommBiz: )*GST
    
    Additional Training / Technical
Services (CommBiz)
    
    
    [*]
    
    
    
    [*]
    
    
    per hour*GST
    
    Provision of Security Token
    
    
    [*]
    
    
    
    [*]
    
    
    per token*GST
    
    User Access with Security Token
    
    
    [*]
    
    
    
    [*]
    
    
    per user / per monthElectronic Banking Transaction Fees*GST
    
    Transaction Activity Fee  Direct Credit
    
    
    [*]
    
    
    
    [*]
    
    
    per transaction*GST
    
    Transaction Activity Fee  Direct Debit
    
    
    [*]
    
    
    
    [*]
    
    
    per transaction*GST
    
    Transaction Activity Fee  BPAY Payment
    
    
    [*]
    
    
    
    [*]
    
    
    per transactionPriority Payment to CommBank A/C
    
    
    [*]
    
    
    
    [*]
    
    
    per transactionPriority Payment to Other Bank A/C
    
    
    [*]
    
    
    
    [*]
    
    
    per transaction
 Current Fee GST
    
    
    Current Fee GSTElectronic Banking - Ancillary Services
    
    Exclusive
    
    
    Inclusive
    
    
    TermsAncillary Fees (Diammond / CommBiz)*GST
    
    Rejected / Returned Electronic
Transactions (non CommBiz)
    
    
    [*]
    
    
    
    [*]
    
    
    per transaction*GST
    
    Returned Direct Credit / Direct Debit
payment (CommBiz only)
    
    
    [*]
    
    
    
    [*]
    
    
    per transaction*GST
    
    File Recall / Duplicate File Recall
(non CommBiz)
    
    
    [*]
    
    
    
    [*]
    
    
    per file*GST
    
    Direct Credit File Recall (CommBiz only)
    
    
    [*]
    
    
    
    [*]
    
    
    per file*GST
    
    Transaction (Item) Recalls (non CommBiz)
    
    
    [*]
    
    
    
    [*]
    
    
    per transaction
 [*] Confidential Treatment Requested




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##### 



11 Current Fee GST
    
    
    Current Fee GSTElectronic Banking - Ancillary Services
    
    Exclusive
    
    
    Inclusive
    
    
    Terms*GST
    
    Direct Credit Item Recall (CommBiz only)
    
    
    [*]
    
    
    
    [*]
    
    
    per transaction*GST
    
    BPAY Payment Item Recall (CommBiz only)
    
    
    [*]
    
    
    
    [*]
    
    
    per transaction*GST
    
    Overlimit Processing  Direct Entry
Payment (non CommBiz)
    
    
    [*]
    
    
    
    [*]
    
    
    per referral*GST
    
    Declined Transactions / Outward
Dishonour (non CommBiz)
    
    
    [*]
    
    
    
    [*]
    
    
    per transaction*GST
    
    Risk Approval/Declined Direct Credit /
Direct Debit payment (CommBiz)
    
    
    [*]
    
    
    
    [*]
    
    
    per transactionRisk Approval/Declined Priority/IMT/
Foreign Currency payment (CommBiz)
    
    
    [*]
    
    
    
    [*]
    
    
    per transaction*GST
    
    Transaction Traces (non CommBiz)
    
    
    [*]
    
    
    
    [*]
    
    
    per trace*GST
    
    Trace, Direct Credit / Direct Debit
(CommBiz only)
    
    
    [*]
    
    
    
    [*]
    
    
    per traceTrace Priority/IMT/Foreign Currency
Payment (CommBiz)
    
    
    [*]
    
    
    
    [*]
    
    
    per traceAmendment to IMT or Foreign Currency
Payment (CommBiz only)
    
    
    [*]
    
    
    
    [*]
    
    
    per amendmentCancellation of IMT or Foreign Currency
Payment (CommBiz only)
    
    
    [*]
    
    
    
    [*]
    
    
    per cancellationCopy of Payment Message (CommBiz only)
    
    
    [*]
    
    
    
    [*]
    
    
    per copyRemittance Advice (CommBiz)*GST
    
    E-mail
    
    
    [*]
    
    
    
    [*]
    
    
    per item*GST
    
    Fax  within Australia
    
    
    [*]
    
    
    
    [*]
    
    
    per item*GST
    
    Fax  Overseas
    
    
    [*]
    
    
    
    [*]
    
    
    per item*GST
    
    Mail  within Australia
    
    
    [*]
    
    
    
    [*]
    
    
    per item*GST
    
    Mail  Overseas
    
    
    [*]
    
    
    
    [*]
    
    
    per itemSecure Request (CommBiz)Stop Cheque or Lift Stop request
    
    
    [*]
    
    
    
    [*]
    
    
    per cheque
 [*] Confidential Treatment Requested




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##### 



12  Signed, sealed and delivered
    
    
    )by SIMS GROUP AUSTRALIA
    
    
    )HOLDINGS LIMITED ACN 008
    
    
    )
    
    
    Director634 526
    
    
    )
    
    
    Full)
    
    

Name:))
    
    

Address)))
    
    
    Company Secretary or Other)
    
    
    Director))
    
    
    Full)
    
    
    Name:))
    
    

Address:Signed, sealed and delivered
    
    
    )by SIMS ALUMINIUM PTY
    
    
    )LIMITED ACN 004 370 905
    
    
    )
    
    
    Director)
    
    
    Full)
    
    
    Name:))
    
    

Address)))
    
    
    Company Secretary or Other)
    
    
    Director))
    
    
    Full)
    
    
    Name:))
    
    
    Address:
 [*] Confidential Treatment Requested




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##### 



13 Signed, sealed and delivered
    
    
    )by SIMS METAL
    
    
    )MANAGEMENT LIMITED ACN
    
    
    )
    
    
    Director114 838 630
    
    
    )
    
    
    Full)
    
    
    Name:))
    
    
    Address)))
    
    
    Company Secretary or Other)
    
    
    Director))
    
    
    Full)
    
    
    Name:))
    
    

Address:
 Lender
 Commonwealth Bank of Australia
 sign here4Attorneyprint namein the presence ofsign here4Witnessprint name
 [*] Confidential Treatment Requested




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##### 



14 Annexure to Application for Group Accommodation
 Dated:
 Schedule of Securities
  [*] Confidential Treatment Requested