DURATEC LIMITED — Share Issue/Capital Change 2022

Aug 10, 2022

11 August 2022

RELEASE OF SHARES FROM VOLUNTARY ESCROW

Duratec Limited ( Duratec or the Company ) (ASX: DUR), advises, in accordance with Listing Rule 3.10A, that 21,061,574 fully paid ordinary shares ( Shares ) subject to voluntary escrow arrangements at the time that Duratec was admitted to the official list of ASX, will be released from voluntary escrow when the Company’s audited financial accounts for FY22 are released to the ASX, expected to be on 22 August 2022. The Shares are already quoted on ASX. The Shares to be released from escrow are held as follows:

Dencort Pty Ltd as trustee for the Harcourt Family Trust (entity associated with Robert	6,638,348
(Phil) Harcourt)
Kent Colony Ventures Pty Ltd as trustee for the Diprose Richards Family Trust (entity	6,638,348
associated with Deane Diprose)
Chris John Oates and Pamela Michelle Oates as trustee for the Oates Family Trust	6,638,348
(entity associated with Chris Oates)
Oliver McKeon as trustee for the MT Pockets Business Trust (entity associated with Oliver	1,146,530
McKeon)

The Company advises that following the release of these Shares from voluntary escrow, there are no further shares that remain subject to voluntary escrow.

Refer to the Company’s replacement prospectus dated 15 October 2020 for more information on the voluntary escrow.

Authorised for release to ASX by Dennis Wilkins, Company Secretary.

– ENDS –

	Investor/Media RelationsNWR CommunicationsSimon Hinsleysimon@nwrcommunications.com.au+61 401 809 653		Company SecretaryDuratec LimitedDennis Wilkins+61 417 945 049

About Duratec Limited

Duratec Limited (ASX: DUR) is a leading Australian contractor providing assessment, protection, remediation, and refurbishment services to a broad range of assets and infrastructure. Duratec’s multi-disciplined capabilities combine engineering experience with project delivery expertise and use a range of in-house assessment technologies, including 3D capture and modelling technology with predictive analysis tools. Headquartered in Wangara, Western Australia, Duratec has fifteen branches around the country in capital cities and regional centres, delivering services across multiple sectors including Defence, Commercial Buildings & Facades, Infrastructure (Water, Transport & Marine), Mining & Industrial, Power and Energy.

Please visit www.duratec.com.au for further information.

This release contains certain forward looking statements and forecasts, including in relation to possible or assumed future performance, costs, dividends, rates, prices, revenue, potential growth of Duratec Limited, industry growth or other trend projections. Such statements are not a guarantee of future performance and involve unknown risks and uncertainties, as well as other factors which are beyond the control of Duratec Limited. Actual results and developments may differ materially from those expressed or implied by these forward looking statements, depending on a variety of factors.

Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information, the Company does not undertake any obligation to publicly update or revise any of the forward looking statements or to advise of any change in events, conditions or circumstances on which any such statement is based.

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