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RUSSEL METALS INC.
REPORT ON VOTING RESULTS
ANNUAL MEETING OF SHAREHOLDERS
MAY 3, 2006
The Annual Meeting of Russel Metals Inc.'s shareholders was held in Toronto, Ontario, Canada, on Wednesday, May 3, 2006 at 4:30 p.m. at The Toronto Board of Trade, 1 First Canadian Place. Shareholders holding 31,775,159 common shares were represented at the meeting in person or by proxy, representing 52.25% of the 60,810,309 issued and outstanding common shares as of the record date on March 21, 2006.
Election of Directors
All of the directors proposed for election at the Annual Meeting were elected on a vote by a show of hands by a majority of the votes cast by the shareholders present or represented by proxy. The directors will remain in office until the next annual meeting of shareholders or until their successors are elected or appointed. The proxies received by management for the election of directors were as follows:
| Common Shares |
| Votes in favour | Votes withheld |
| # | % | # | % |
Alain Benedetti | 31,751,046 | 99.9 | 22,007 | 0.1 |
James F. Dinning | 29,576,917 | 93.1 | 2,196,136 | 6.9 |
Carl R. Fiora | 31,752,051 | 99.9 | 21,002 | 0.1 |
Anthony F. Griffiths | 29,573,692 | 93.1 | 2,199,361 | 6.9 |
Robbert Hartog | 30,538,688 | 96.1 | 1,234,365 | 3.9 |
Lise Lachapelle | 31,754,194 | 99.9 | 18,859 | 0.1 |
John W. Robinson | 31,753,286 | 99.9 | 19,767 | 0.1 |
Edward M. Siegel, Jr. | 31,748,282 | 99.9 | 24,771 | 0.1 |
Appointment of Auditors
The resolution to appoint Deloitte & Touche LLP, chartered accountants, as Russel Metals Inc.'s auditors to hold office until the next annual meeting of shareholders or until their successors are appointed, and to authorize the directors to fix their remuneration, was adopted on a vote by show of hands by a majority of the votes cast by the shareholders present or represented by proxy. The proxies received by management for the appointment of the auditors were as follows:
| Common Shares |
| Votes in favour | Votes withheld |
| # | % | # | % |
Auditors | 30,785,233 | 96.88 | 987,820 | 3.12 |
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| | /s/ Elaine G. Toomey |
Dated: May 17, 2006 | | Elaine G. Toomey |
| | Assistant Corporate Secretary |