ACROW LIMITED — Capital/Financing Update 2019

Dec 2, 2019

Market Announcement

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3 December 2019

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Acrow Formwork and Construction Services Limited (ASX: ACF) – Trading Halt

Description

The securities of Acrow Formwork and Construction Services Limited (‘ACF’) will be placed in trading halt at the request of ACF, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Thursday, 5 December 2019 or when the announcement is released to the market.

Issued by

Madeleine Green

Senior Adviser, Listings Compliance (Perth)

Market Announcement 1/1 ASX Customer Service Centre 131 279 | asx.com.au

3 December 2019 ASX Limited

ASX:ACF

Acrow Formwork and Construction Services Limited

Sydney NSW 2000

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C/- Level 5, 126 Phillip Street

3 December 2019

Sandra Wutete Australian Securities Exchange Level 40, Central Park 152 – 158 St George’s Terrace Perth WA 6000

By Email: tradinghaltsperth@asx.com.au

Dear Sandra,

ASX Code: ACF – Trading Halt Request

Pursuant to ASX Listing Rule 17.1, Acrow Formwork and Construction Services Limited (ASX:ACF) ( Company) requests a trading halt of its securities effective immediately.

The trading halt is requested pending the release of an ASX announcement regarding a proposed capital raising.

It is expected the trading halt will end on the earlier of the commencement of normal trading on Thursday, 5 December 2019, or when an announcement on the proposed capital raise is released to the market.

The Company is not aware of any reason why the trading halt should not be granted.

Yours faithfully

Lee Tamplin Company Secretary

-ENDS-

About Acrow

Acrow is a leading hirer of formwork and scaffolding systems to large construction and civil infrastructure providers across Australia, operating a network of formwork and scaffolding branches in six states and employing approximately 150 people. The business services a diversified customer base of approximately 1,100 customers.

Acrow has a high quality and versatile portfolio of assets and has identified a number of near term growth opportunities, most particularly through the investment in capital equipment to take advantage of a range of opportunities in the growing East Coast civil infrastructure market, particularly in New South Wales and Victoria where the business is still underrepresented.

For further information, please contact:

Steven Boland Managing Director Ph: +61 (02) 9780 6500

Andrew Crowther Chief Financial Officer Ph: +61 (02) 9780 6500

Acrow Formwork and Construction Services Limited

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