SAN JOSE, California – Sims Recycling Solutions, the global leader in electronics reuse and recycling, is preparing for the final electronics recycling event of the season with the San Jose Sharks. Unlike previous events, Sims Recycling Solutions is teaming with Sims Metal Management to not only collect electronics for recycling, but appliances as well. This event will be held in the main parking lot (Lot ABC) at HP Pavilion at San Jose located at 525 West Santa Clara Street, San Jose, CA on March 17, 2012, from 9:00 a.m. to 1:00 p.m.

Everyone who drops off an item to recycle will be able to watch the Sharks pre-game morning skate and will also be entered into a drawing for a chance to win exclusive autographed Shark’s merchandise and memorabilia.

“Sims Recycling Solutions is pleased to be partnering with Sims Metal Management for our final electronics collection event of the season. This offers the residents of San Jose a convenient opportunity to recycle not only their unwanted electronic devices, but also their old appliances,” stated Steve Skurnac, President, Sims Recycling Solutions, Americas. “Electronic devices and appliances have materials that can be recovered during recycling and used in new ways. By choosing to recycle these items during this event, residents can be sure they are doing their part to protect the environment and conserve natural resources.”

This e-waste collection event will be set up as a drive-through and drop-off event. Staff will be on hand to conveniently and quickly collect items from community members’ vehicles. For those who plan to recycle a monitor or television, please print and complete the collection log found at the www.us.simsrecycling.com/sharks website to ensure faster processing.

Sims Recycling Solutions will accept the following: computers, laptops, monitors, keyboards, mice, printers, PDAs, cell phones, telephones, televisions, radios, stereos, speakers, MP3 players, CD and DVD players, VCRs, clean metal free of debris and fluids and appliances. Sims Recycling Solutions is unable to accept these items: batteries, smoke detectors, ink or toner cartridges, tanks, ammunition scrap, and paint or aerosol cans. Sims Recycling Solutions is a proud sponsor of the San Jose Sharks and the Sharks Green Territory webpage.

Sims Recycling Solutions

Sims Recycling Solutions (us.simsrecycling.com) is the global leader in electronics reuse and recycling, offering customers in every business sector comprehensive recycling services out of our 50 owned and operated sites across the globe.

Sims Recycling Solutions – owned by Sims Metal Management, the world’s largest publicly listed metal and electronics recycler – has the global reach, expertise and infrastructure necessary to guarantee our customers that their data is secure, their electronic equipment is processed in an environmentally responsible manner, their reputation is protected and their compliance risks are eliminated.

In North America, Sims Recycling Solutions operates 14 sites in Arizona, California, Florida, Illinois, Nevada, New Jersey, Ontario, South Carolina, Tennessee and Texas.

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.

These forward-looking statements involve certain risks and uncertainties. Our ability to predict results or the actual effects of our plans and strategies is subject to inherent uncertainty. Factors that may cause actual results or earnings to differ materially from these forward-looking statements include those discussed and identified in filings we make with the Australian Securities Exchange and the United States Securities and Exchange Commission (“SEC”), including the risk factors described in the Company’s Annual Report on Form 20-F, which we filed with the SEC on 6 December 2010.

Because these forward-looking statements are subject to assumptions and uncertainties, actual results may differ materially from those expressed or implied by these forward-looking statements. You are cautioned not to place undue reliance on these statements, which speak only as of the date of this release.

All subsequent written and oral forward-looking statements concerning the matters addressed in this release and attributable to us or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this release. Except to the extent required by applicable law or regulation, we undertake no obligation to update these forward-looking statements to reflect events or circumstances after the date of this release.

All references to currencies, unless otherwise stated, reflect measures in Australian dollars.