ACROW LIMITED — Capital/Financing Update 2020

Sep 17, 2020

ASX:ACF

Acrow Formwork and Construction Services Limited

C/- Level 5, 126 Phillip Street

Sydney NSW 2000

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ASX Release

18 September 2020

Release of Fully Paid Ordinary Shares from Voluntary Escrow

Acrow Formwork and Construction Services Limited (ASX: ACF) (“Acrow” or “the Company”) advises that, in accordance with ASX Listing Rule 3.10A, a total of 2,583,331 fully paid ordinary shares will be released from voluntary escrow following the release of the Company’s FY20 Annual Report.

The release of these shares does not change the issued capital of the Company.

This announcement was approved for release by the Board of Directors.

-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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