ALERT STEEL HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2003/005144/06) JSE code: AET ISIN: ZAE000092847 ("Alert Steel")

CHANGE TO THE BOARD OF DIRECTORS

In compliance with Section 3.59 of the Listing Requirements of the JSE Limited, Alert Steels' shareholders are hereby notified that Neil Cresswell has resigned from the Alert Steel board as financial director with immediate effect, but will be serving his notice until 31 January 2013.

The board wishes to thank Neil for the valuable contribution he has made to the board.

9 January 2012 Johannesburg

Designated Adviser Exchange Sponsors.

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