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APA GROUP Capital/Financing Update 2015

May 5, 2015

64398_rns_2015-05-05_0d770ca9-0e66-4baf-81cc-89c8f5101fef.pdf

Capital/Financing Update

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ASX ANNOUNCEMENT

6 MAY 2015

VALMEC SELECTED FOR EASTERN GOLDFIELDS GAS PIPELINE CONTRACT

VALMEC Limited (‘VALMEC’) (ASX: VMX) is pleased to announce the award of the Eastern Goldfields Pipeline (‘EGP”) - Gas Pipeline Facilities Project by APA Operations Pty Limited (APA Group).

The Project is scheduled for immediate commencement and expected to run through until November 2015. VALMEC’s scope of work will comprise the supply, fabrication, installation, construction and testing of facilities required as part of APA Group’s $140 million Eastern Gas Pipeline Project. When complete, APA will transport gas a total distance of 1,500 km to mining operations in the eastern Goldfields region in Western Australia through three of its interconnected pipelines – the Goldfields Gas Pipeline, the Murrin Murrin Lateral and the new 292 km Eastern Goldfields Pipeline which is currently under construction.“We are delighted to have received this latest contract award from APA Group on this strategic Western Australian project and are looking forward to continuing our strong working relationship” VALMEC Managing Director Steve Dropulich said.

“With an active tender pipeline, diversity of revenues and ongoing development of our full project lifecycle capabilities, VALMEC remains very well positioned to deliver further growth in the years ahead.”

About VALMEC

Valmec is an Australian energy and multi-discipline services group providing specialised packaged equipment, engineering, construction, commissioning and integrity maintenance services to the resources, energy and infrastructure sectors.

Founded by an experienced team of EPC and contracting professionals each with more than 25 years in the Australian gas industry, Valmec’s focus is on the delivery of innovative project solutions, superior service and faster time-to-market options than the competition.

Valmec employs approximately 180 project and support personnel, operating out of modern offices and fully equipped workshop facilities in Western Australia and Queensland.