AMA GROUP LIMITED — Capital/Financing Update 2017

Jul 13, 2017

14 July 2017

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Company Announcements For Immediate Release ASX Code: AMA

By ASX Online

ASX Market Announcements Office Australian Securities Exchange Exchange Centre 20 Bridge Street Sydney NSW 2000

Acquisition Update

The directors of AMA Group (“AMA” or the “Company”) are pleased to announce the acquisition of a further seven Vehicle Repair Centres. These acquisitions will be funded using existing financial resources and are expected to have the following financial impact.

Anticipated Consideration (Total)	6,230,000
Incremental Revenue (Total)	22,500,000
Incremental EBITDA (Total)	1,840,000
Implied EBITDA Multiple (Average)	3.39

Two of these sites have been purchased with an “earn out” as part of the acquisition of Autoco; a smash repair business located in Canberra A.C.T.

AMA has also acquired four other businesses without an “earn-out”:

• A&A Smash Repairs in Canberra A.C.T.

• City Crash Repairs in Townsville Queensland;

• AAA Accident Repair Centre in Burwood Victoria; and

• Griffith Panel Works in Moorabbin Victoria.

Following strategic planning and consultation with our insurer partners, we have plans to open a number of Greenfield sites. We have initially agreed to open three new sites in:

• Banksmeadow, N.S.W.

• Narellan N.S.W. and.

• Lansvale N.S.W.

These discussions continue with our insurer partners, who are keen to have us open further Greenfields, and we anticipate announcing further new sites over the next quarter.

Of the Greenfield sites previously announced in FY17 we advise:

• RPM Edwardstown S.A. commenced operation in January 2017:

• RMA Knoxfield Victoria commenced operation in April 2017;

• Gemini Laverton Victoria commenced operation in May 2017;

• RPM Milperra N.S.W. is scheduled to commence operation in July 2017;

• Gemini Prestons N.S.W. is scheduled to commence operation in July 2017; • RPM Mitchell A.C.T. is scheduled to commence operation in July 2017; and

• Autoco Hume A.C.T. is scheduled to commence operation in July 2017.

AMA Group Limited (ABN 50 113 883 560) 34 Gilbert Park Drive, Knoxfield, Victoria, 3180 Australia www.amagroupltd.com

Tel: + 61 7 3897 5780 Fax + 61 7 3283 1168

AMA Group Limited Acquisition Update 14 July 2017

In addition, the AMA Group has also acquired ASNU Transmission Products. ASNU has established itself as Australia’s largest remanufacturer and creator of standard and performance torque converters. As part of our Automotive Component Remanufacturing division, ASNU will partner with FluidDrive; Australia’s largest OEM remanufacturer of Automatic transmissions.

Following the completion, on 7th July 2017, of its On Market Cash Offer for all of the shares in Automotive Solutions Group Limited (“ASG”), AMA owns 31.3% of the issued capital of ASG. The Board of AMA proposes to wait, along with fellow ASG shareholders, for the outcome of the ASG Turnaround Strategy. As a substantial shareholder in ASG, AMA will closely monitor the performance of the Board and management of ASG and hold them accountable for their performance against their stated intentions and projected outcomes.

If you have a query about any matter covered by this announcement, please contact Mr Ray Malone.

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