Sims Metal Management to Voluntarily Delist ADRs from NYSE

Sims Metal Management Limited (the Company) announced Wednesday that it intends to voluntarily delist its American Depositary Receipts (ADRs) from the New York Stock Exchange (NYSE). The delisting of the Company's ADRs is expected to become effective on or about 11 October 2013. Following the NYSE delisting, the Company's securities will not be listed on any national securities exchange in the United States (U.S.). The Company, however, expects to retain an ADR programme in the U.S. on the "over-the-counter" (OTC) market, in order to enable investors to continue to trade the Company's ADRs. Trading on the OTC market is expected to commence on or about the date the Company's ADRs are delisted from the NYSE. The Company's ordinary shares are entirely unaffected by this decision and will continue to be listed on the Australian Securities Exchange. The Company will eventually seek to See full press release