ACROW LIMITED — Capital/Financing Update 2019

Nov 14, 2019

ASX:ACF

Acrow Formwork and Construction Services Limited

C/- Level 5, 126 Phillip Street

Sydney NSW 2000

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ASX Release

15[th] November 2019

Cleansing Notice Under Section 708A(5)(e) of the Corporations Act

Acrow Formwork and Construction Services Limited (ASX:ACF) today has issued and allotted 10,000,000 fully paid ordinary shares ( Shares ) as set out in the Appendix 3B dated today, being Shares issued as part consideration for the acquisition of Uni-Span Group Pty Ltd, as announced to the market on 17 October 2019.

In accordance with section 708A(5)(e) of the Corporations Act 2001(Cth) ( Corporations Act ), the Company advises that:

1. the Shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act;

2. this notice is being given under section 708A(5)(e) of the Corporations Act;

3. as at the date of this notice, the Company has complied with:

   • a) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

   • b) section 674 of the Corporations Act;

4. as at the date of this notice, there is no excluded information for the purposes of sections 708A(7) and 708A(8) of the Corporations Act.

-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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