EVZ LIMITED — Capital/Financing Update 2011

May 1, 2011

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2 May 2011

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

Dear Sir / Madam

EVZ builds a strong pipeline of work

EVZ Limited (ASX: EVZ) is pleased to announce that it has continued to build a strong pipeline of work, having returned to profitability in the first half of the 2011 financial year.

Commenting on EVZ’s operational performance, Chief Executive Officer, Mr Andrew Powis, said “EVZ has very actively and successfully marketed its services and products over the past nine months as trading conditions generally improved. Forward orders are now in excess of $53.8 million with a growing level of enquiries and tenders pending.

“There has been a conscious effort by EVZ to increase its exposure to the mining and resource sector. Danum Engineering has recently won work with Exact Mining, and National Engineering has won work with East Cadia Mines [Newcrest] and was recently awarded a contract with Bengalla Mines.”

Syfon Systems has a record level of forward orders in hand of approximately $8.8 million, including the Penang Airport in Malaysia, Melbourne Markets (Vic), Fiona Stanley Hospital (WA) and Townsville Stocklands Shopping Centre (Qld).

Brockman / Danum Engineering has forward orders in hand of approximately $28.0 million. It recently won several projects including projects with Barwon Water, Yarra Valley Water, and BHP Billiton at Port Hedland.

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The merger of Brockman Engineering and Danum Engineering into a single entity known as EVZ Engineering is progressing smoothly and is on track to be completed by 30 June 2011. Danum’s administration was recently relocated, and rationalisation of its workforce has commenced following below budget results for Danum in the first two months of 2011. Substantial synergistic benefits are anticipated from the merger of these two businesses.

TSF Engineering / Maintenance has forward orders in hand of approximately $6.4 million. It recently opened a Victorian office given the buoyant conditions in that State, having won some new contracts in Victoria and New South Wales. Activity levels in Western Australia have also picked up. Expanding on its power solutions services, EVZ incorporated EVZ Energy to hire power generation equipment and ancillary services. TSF will manufacture major items of plant for EVZ Energy’s use.

A senior management restructure has recently been implemented at National Engineering following a poor performance by this business in January and February 2011. The changes have had an immediate positive effect with approximately $9.9 million of profitable new projects won in the last two months. The initiatives undertaken are expected to lead to a turnaround in this business from the 2012 financial year.

Commenting on the outlook for EVZ, Mr Powis said “The strategies being implemented are successfully turning around our businesses. In addition, demand for EVZ’s services and products are generally increasing, and with a greater emphasis on project delivery, EVZ’s forward order book is growing. EVZ is well placed to grow long term shareholder value.”

For further information, please contact:

Andrew Powis Chief Executive Officer EVZ Limited Tel: +61‐3 9545 5288 Mobile: +61‐418 564 466 Email: andrew.powis@evz.com.au

About EVZ Limited (ASX: EVZ)

EVZ is an emerging industrial group with a portfolio of specialist businesses in the engineering services sector. EVZ operates in the areas of engineering, power and water through its established businesses – Brockman / Danum Engineering, National Engineering, Syfon Systems, TSF Engineering / Maintenance and EVZ Energy. These businesses have strong positions in their respective markets with exceptional growth opportunities.

For further information, please visit: www.evz.com.au

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