EVZ LIMITED — AGM Information 2012

Nov 29, 2012

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30 November 2012

The Manager Company Announcements Office Australian Stock Exchange Limited 20 Bridge Street SYDNEY NSW 2000

Dear Sir/Madam

Chairman’s Address to AGM

Please find attached the Chairman’s Address to the 2012 Annual General Meeting.

For further information, please contact:

Scott Farthing Chief Executive Officer EVZ Limited Tel: +61-3 9545 5288 Mobile: +61-411 117 403 Email: scott.farthing@evz.com.au

About EVZ Limited (ASX: EVZ)

EVZ is an industrial group with a portfolio of specialist businesses in the engineering services sector. EVZ operates in the areas of power, engineering and water through its businesses – TSF Engineering/Maintenance, Brockman and Syfon Systems. These businesses have strong positions in their respective markets with attractive growth opportunities. For further information, please visit: www.evz.com.au

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CHAIRMAN’S REPORT 2012 ANNUAL GENERAL MEETING

The 2012 financial year (FY12) will be viewed as a watershed year for the EVZ Group. It has been a year of significant change away from a broad-based non-related group of businesses to a lower number and more strategically-placed number of operating divisions. We are now focusing on the Brockman/Danum and Syfon businesses, which have been profitable, and the energy sector, by using its expertise in TSF to grow in the energy generation market.

We believe that the following initiatives and measures that have been put in place during 2012 will set the platform for future growth in shareholder value.

Platform for Growth

• The Group formally divested itself of the National Engineering business which had continued to under-perform. Whilst this divestment involved redundancy costs in the 2012 result, the continuing drag on future Group results and cash reserves has now been stopped.

• The Group finalised the Brockman and Danum merger. This consolidated tank and piping operation now provides a broader and more aligned product offering to existing and new customers and has been well received in the markets it services. Whilst there were costs associated with the merger, Brockman is firmly established as a major player in its market.

• The Group has recently appointed Mr Scott Farthing as Chief Executive Officer. Mr Farthing has significant experience and knowledge of the energy market and is an experienced executive. It is his brief to drive the Group’s energy offering in what we believe to be a rapidly growing sector. In addition, significant resources have been added to business development and contract control in this segment.

• The TSF operation is now widely recognised as a reputable leader in design and construction in the ever-expanding clean energy sector. It is to this sector that strategic Group resources have been channeled and additional experienced people have been recruited to maximise the opportunities arising in clean energy.

Success has already been achieved with TSF being awarded the prestigious Melbourne Airport tri-generation contract which will potentially be worth approximately $18 million.

The Power segment continues to reposition itself as the core business proposition for EVZ and it reflects EVZ’s capabilities in energy, power, design and construction and as a leader in creating clean energy opportunities.

• The syfonic roof drainage operation, Syfon Systems, both in Australia and in Asia, has performed extremely well in FY12 with both geographic operations meeting original profit budgets in a market where competition has been fierce and margins have been squeezed.

The operation has also significantly increased its Asian footprint and has secured for the new financial year a number of significant large Asian projects including Putra Stadium (Malaysia), Sepinggan Airport (Indonesia), KK Times Square (Malaysia) and the MGM Casino (Vietnam). We believe that, with the evidence of climate change and the resultant increase in storm activity, the product has great potential in Northern Australia and Asia for considerable growth.

Reinvesting in Growth

The challenging economic backdrop for FY12, where projects were continually delayed, competition was significant and margins reduced, coupled with the divestment of the National business, has impacted on the Group profitability and cash reserves. It is a priority for the Group to rebuild its cash reserves to underpin its expected growth. Therefore, directors have determined it prudent to not pay a dividend for FY12. The return to a dividend payout policy will be made when available cash reserves to fund the payment of dividends are at more appropriate levels.

Board Restructure

In August 2012, Mr Peter Jones retired from the EVZ Board. Peter has been a key supporter of EVZ for many years and was influential in acquiring a number of businesses in the EVZ stable. All of the directors wish to thank Peter for his time, effort and continued support and wish him well in the private ventures he is now pursuing.

We have appointed Ms Raelene Murphy to the Board as a replacement for Peter. As Raelene is up for re-election at this meeting, she will tell you about her experience and her ability to add value for shareholders.

Conclusion

The Group has targeted significant improvements in performance for the 2013 financial year. These targets in the current economic climate will be difficult to reach, however directors and management at this stage believe they are achievable.

The restructuring undertaken in FY12 has set the platform for growth which should see the EVZ Group return to profitability and provide an improvement in shareholder value.

I wish to thank all of our employees for their ongoing commitment, and my fellow directors and senior management for their significant input and support into turning the fortunes of the EVZ Group around.

Finally, significant gratitude must be given to our shareholders who, in general, have remained loyal and supportive during a difficult phase in the Group’s history.

Max Findlay