Sims Metal Management Announces FY13 Half Year Financial Results Invitation

Sims Metal Management Announces FY13 Half Year Financial Results Invitation

SYDNEY, Australia and NEW YORK, Feb. 7, 2013 (GLOBE NEWSWIRE) -- Sims Metal
Management Limited (the "Company") (ASX:SGM) (NYSE:SMS)advises that it
intends to release its Fiscal 2013 half year results on the revised date of 22
February 2013. At that time, the Company, consistent with past practice, will
review its Fiscal 2013 half year results, provide a market and trading update,
and address questions as time permits. Additionally, the Company currently
intends to provide further detail on the work of the Special Committee
investigating the inventory write-down in the UK, as soon as practical, and
likely prior to release of the half year results on 22 February 2013.

Conference call details for the Fiscal 2013 half year results can be found
below:

Sims Metal Management Limited will release its FY13 first half results to:

  oAustralian Securities Exchange on the morning of Friday 22 February 2013;
    and
  oNew York Stock Exchange on the evening of Thursday 21 February 2013.

Sims Metal Management Limited will present the results via Conference Call
only. You will have the ability to listen to the briefing, as well as ask
questions, via the Conference Call.

                       FY13 First Half Results Briefing

FROM AUSTRALIA
      
Date: 22 February 2013
Time: 9:00 am (Eastern Daylight Time)
      
FROM UNITED STATES
      
Date: 21 February 2013
Time: 4:00 pm (Central Standard Time) / 5:00 pm (Eastern Standard Time)

                       Live Q&A's – via Conference Call

Questions will be taken at the conclusion by way of Conference Call - Dial in
numbers for the Conference Call are as follows:

  *Australia – 1800 801 825
  *United States – 1855 298 3404
  *International – +61 2 8524 5042
  *Conference ID – 1837063

If you wish to participate via the Conference Call, you are encouraged to dial
in approximately 5-10 minutes prior to the commencement of the briefing.

                       Live and Archived Audio Webcast

Live and archived Audio Webcast will be available through our website. Please
click on the link at http://www.simsmm.com.

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 12 October 2012.

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.

About Sims Metal Management

Sims Metal Management is the world's largest listed metal recycler with
approximately 270 facilities and 6,600 employees globally. Sims' core
businesses are metal recycling and electronics recycling. Sims Metal
Management generated approximately 88 percent of its revenue from operations
in North America, the United Kingdom, Continental Europe, New Zealand and Asia
in Fiscal 2012. The Company's ordinary shares are listed on the Australian
Securities Exchange (ASX:SGM) and its ADRs are listed on the New York Stock
Exchange (NYSE:SMS). Please visit our website (www.simsmm.com) for more
information on the Company and recent developments.

The Sims Metal Management logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=16674

CONTACT: Investor inquires contact
         Todd Scott
         Group Vice President - Investor Relations
         Tel: +61 4 0960 0352
        
         Media inquiries contact
         Daniel Strechay
         Group Director - Communications & Public Relations
         Tel: +1 212 500 7430

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