BOOM LOGISTICS LIMITED — Board/Management Information 2021

Aug 10, 2021

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Appointment of CFO

11 August 2021: Boom Logistics Limited (ASX: BOL), today announced that its Chief Financial Officer, Tim Rogers, has resigned following his acceptance of a role into another industry. He will remain as CFO until the end of August, overseeing the release of the company’s FY21 full year results and annual report, and will be working with the Board and managing director to achieve a smooth transition during this period.

CEO and Managing Director Tony Spassopoulos said: “The Board and management thank Tim for his contribution over the past six years. During that time, he has made a significant contribution to the business and strengthened our financial management processes. We wish him the very best for the future.”

The company is pleased to announce the appointment of Andrew Bendall as the Chief Financial Officer, commencing 30 August 2021. Mr Bendall has extensive CFO experience at Orora Limited (Fibre Packaging Group) and ITC Limited. He has also led numerous finance functions across a range of industries, including within businesses of Whirlpool Australia, Incitec and Orica Limited. Andrew is a Certified Practicing Accountant, and holds a Bachelor of Commerce (Melbourne) and is a member of the Australian Institute of Company Directors.

Tony Spassopoulos said: “We are delighted to welcome Andrew to Boom. His extensive experience in finance and operations, including mergers and acquisitions, will be valuable as the company focuses on delivering on our strategic objectives and growth opportunities.”

Authorised for release by the Board

Further information:

Tony Spassopoulos Managing Director & Chief Executive Officer +613 9207 2500

Media:

Ashley Rambukwella (FCR) +61 424 436 172 a.rambukwella@fcr.com.au

This announcement contains certain forward-looking statements with respect to the financial condition, results of operations and business of Boom and certain plans and objectives of the management of Boom. Forward-looking statements can generally be identified by the use of words such as 'project', ‘believe’, 'foresee', 'plan’, 'expect', 'aim', 'potential’, ‘goal’, ‘target’, ‘intend', 'anticipate’, 'believe', 'estimate’, 'may', ‘could’, 'should', 'will’ or similar expressions. All such forward looking statements involve known and unknown risks, significant uncertainties, assumptions, contingencies and other factors, many of which are outside the control of Boom, which may cause the actual results or performance of Boom to be materially different from any future results or performance expressed or implied by such forward looking statements. Such forward-looking statements speak only as of the date of this announcement. Factors that could cause actual results or performance to differ materially include without limitation the following: risks and uncertainties associated with the Australian and global economic environment and capital market conditions, fluctuations in foreign currency exchange and interest rates, competition, Boom's relationships with, and the financial condition of, its suppliers and customers, or legislative changes, or regulatory changes or other changes in the laws which affect Boom's business. The foregoing list of important factors is not exhaustive. There can be no assurance that actual outcomes will not differ materially from these statements. Readers should not place undue reliance on forward looking statements. Except as required by law and ASX Listing Rules, Boom undertakes no obligation to update publicly or otherwise revise any forward looking statement as a result of new information, future events or other factors.

ABN 28 095 466 961 Boom Logistics Limited Suite B Level 1, 55 Southbank Boulevard Southbank VIC 3006

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T +61 3 9207 2500

F +61 3 9207 2400