CIVMEC LIMITED — Capital/Financing Update 2022

Mar 17, 2022

==> picture [167 x 47] intentionally omitted <==

CIVMEC LIMITED

(Company Registration Number 201011837H)

Civmec Preferred Proponent to Build Another of Perth’s Landmark Structures

PERTH, 17[th] March 2022 Civmec Limited (“ Civmec” or the “ Group” ) is pleased to announce that it has received notification from Main Roads WA (MRWA) that the Civmec led consortium, Civmec SWC WSP Alliance, has been selected as the preferred proponent for the design and construction of The Causeway Pedestrian and Cyclist Bridge in the Perth metropolitan area.

At approximately 1,000 metres long with a 6-metre-wide shared pedestrian and cycle path, it will provide safer access for the more than 1,400 cyclists and 1,900 pedestrians who use the path on the existing Causeway Bridge daily.

The project comprises two cable stayed bridges, approach embankments and connects Victoria Park foreshore with Heirisson Island and the Perth CBD. The design acknowledges the rich Aboriginal history and culture of the area. The scope of work includes:

• The completion of the architectural and engineering design;

• Community and stakeholder engagement;

• The fabrication and transportation to site of approximately 1,500 tons of complex steel structure from Civmec’s Henderson heavy engineering facility;

• Ground preparation, earthworks and piling for approach embankments;

• In-river works including piling, pile caps and pylon structures; and

• Bridge structural erection and electrical installation.

==> picture [427 x 238] intentionally omitted <==

Architect render of bridges

==> picture [167 x 47] intentionally omitted <==

CIVMEC LIMITED

(Company Registration Number 201011837H)

Contract Finalisation

The project will be delivered in an alliance model, directly involving the consortium and the related state government body. The consortium will continue to work with MRWA to finalise the project alliance agreement and negotiate remaining outstanding matters with the final award targeted in the coming months. The anticipated share of the works attributable to Civmec is approximately $55 million.

The architectural and engineering effort will continue from its current state. Site works are currently planned to commence in Q3 2022 with project completion anticipated for Q3 2024 (calendar year). The project will provide employment to around 200 people between the manufacturing phase at Civmec’s Henderson heavy engineering facility and site construction.

Civmec’s Chief Executive Officer, Mr Patrick Tallon, said: “We are delighted that our consortium has been selected as preferred proponent to allow us to yet again demonstrate our Tier 1 capability to deliver on such significant projects for Main Roads WA and indeed for the state of Western Australia.

Having already been extensively involved in so many of Perth’s iconic structures, we look forward to working with our client and our consortium partners to deliver this important piece of infrastructure, while ensuring the community has a bridge that will be enjoyed by so many for future generations and will recognise the important Aboriginal history of the area”.

Once the above contract is finalised and awarded, coupled with other recent maintenance contract wins and contract extensions, the Group’s order book will remain over A$1.1 billion.

This announcement was authorised for release to the SGX and ASX by the Board.

*** End of Release** *****

SWC means Seymour Whyte Constructions Pty Ltd

About Civmec Limited

Civmec is an integrated, multi-disciplinary construction and engineering services provider to the Oil & Gas, Metals & Minerals, Infrastructure and Marine & Defence sectors. Headquartered in Henderson, Western Australia, Civmec has regional offices in Newcastle (New South Wales, Australia), Gladstone (Queensland, Australia), and Port Hedland (Western Australia). The company is listed on the SGX (Singapore) and the ASX (Australia). Its core capabilities include heavy engineering, shipbuilding, modularisation, SMP (structural, mechanical, piping), EIC (electrical, instrumentation and control), precast concrete, site civil works, industrial insulation, maintenance, surface treatment, refractory and access solutions.

For more information, please visit our website at www.civmec.com.au.