AVADA GROUP LIMITED — Capital/Financing Update 2023

Jun 22, 2023

Suite 1, Level 2 116 Ipswich Road, Woolloongabba QLD 4102 Email: contact@avadagroup.com.au Website: www.avadagroup.com.au

ACN 648 988 783

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ASX Announcement

23 June 2023

AVADA Group Limited enters into joint venture agreement to establish indigenous traffic management company

AVADA Group Limited (ASX:AVD) (‘AVADA’, ‘the Company’ or ‘the Group’), the listed provider of traffic management services in Australia and New Zealand, is pleased to announce it has entered into a formal joint venture arrangement to establish a new traffic management company, Bilingarra Indigenous Services (Bilingarra).

Key Highlights

• Focus on delivery of positive outcomes to Indigenous communities with Bilingarra to identify, train and employ for the long term local Indigenous women and men.

• Combined strengths and resources will lead to expedited growth of both companies.

• Provides AVADA diversity across its portfolio and reflects the Company’s commitment to making important social contributions.

Overview of Joint Venture with Bilingarra Indigenous Services

AVADA has entered into a 49-51 joint venture agreement with Maranirra Indigenous Services Group to establish Bilingarra Indigenous Services Pty Ltd. Managing Director of Bilingarra, Lane Stockton, established the company to fulfil two objectives; build a sustainable Indigenous business, and provide opportunities for Indigenous peoples and give back to the community, through the workplace.

“Bilingarra has high aspirations, to create generational change for Indigenous peoples. I’m extremely excited to partner with AVADA, to deliver professional traffic management services, while contributing to closing the gap.”

“Both companies have a shared commitment to traffic management projects that are commercially viable, but will also benefit Indigenous communities,” Mr Stockton said.

Bilingarra sets out an innovative business model, in cooperation with AVADA, that will transition eligible employees through the following process:

• hire Indigenous peoples local to the communities in which they operate;

• provide training for the necessary skills and qualifications through existing AVADA businesses;

• assign skilled workers to the project operated by Bilingarra; and

• once the project is complete, workers will remain within AVADA's subsidiary companies for ongoing, sustainable work.

It is this innovative employment pathway that gives AVADA Group Chief Executive Officer and Managing Director, Mr Daniel Crowley commitment to this partnership.

“Partnering with Bilingarra gives AVADA access to local expertise through their understanding of the local communities, and cultures. Once the Bilingarra project has finished, continuing employment with AVADA provides opportunities for career growth and mentoring within the larger organisation.

“This is a great fit with AVADA and I’m excited about the positive difference we can make,” Mr Crowley said.

This announcement is authorised for release by the Board of Directors of AVADA Group Limited.

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About AVADA Group Limited

AVADA is Australia’s largest listed integrated traffic management provider, with established operations throughout Queensland, NSW, Victoria and New Zealand servicing major public and private sector clients.

With an extensive network of 30 Depots, more than 970 vehicles and 2,000 dedicated employees the Group is well positioned in the integrated traffic management and associated civil sectors.

Visit us at avadagroup.com.au

For further information contact:

Paul Fitton Chief Financial Officer & Company Secretary +61 434 685 661 pfitton@avadagroup.com.au