EVZ LIMITED — Capital/Financing Update 2022

Apr 6, 2022

7 April 2022

==> picture [223 x 85] intentionally omitted <==

The Manager Market Announcements Office Level 4, North Tower, Rialto 525 Collins Street MELBOURNE VIC 3000

BROCKMAN SECURES $17M IN NEW BULK STORAGE TANK PROJECTS

Key Highlights

• New contract wins across three different sectors: EVZ’s Brockman Engineering has secured three new bulk storage tank contracts in the liquid fuels, water storage and defence sectors. The total value of the three projects is circa A$17M, commencing in Q4 FY22 with completion expected in FY23.

• Strong contract pipeline: These contracts, along with other successful tendering activity, further underpin EVZ’s strong pipeline of new construction and capital projects to underpin future years of revenue growth beyond FY23. Backlog is expected to be maintained above $100M for the foreseeable future.

• Industry demand remains robust: EVZ’s Brockman Engineering remains well positioned to secure a share of additional bulk storage tank design and construction project work coming to market during calendar year 2022 and beyond.

EVZ Limited (ASX: EVZ), a leading provider of innovative engineering solutions, is pleased to announce that its wholly owned subsidiary, Brockman Engineering, has secured an additional three bulk storage tank design and construction contracts with a total value of $17M.

The new contracts include:

• The design and construction of a new 10ML liquid fuel tank at a Newport terminal facility.

• The construction of two 3ML underground fuel storage tanks in the Northern Territory for use upon completion by the Department of Defence.

• The design and construction of a new 6ML water storage tank located in greater Sydney.

Brockman Engineering has also been selected as preferred contractor for a further two liquid fuels major tank projects with a total expected contract value of $27M. If successful in winning these contracts, they would be expected to commence in Q1 FY23.

EVZ Limited Chief Executive Officer, Scott Farthing, said “We are very pleased to have secured the additional three contracts which will support EVZ’s revenue and earnings growth during FY23 and beyond. Our diversified mix of projects across the liquid fuels, water and defence sectors supports our growth strategy and continues to add scale to our overall business.”

EVZ Limited ABN 87 010 550 357

115 | 838 Collins Street, Melbourne VIC 3008 Australia P + 61 3 9545 5288 F + 61 3 9542 6061 www.evz.com.au

==> picture [134 x 52] intentionally omitted <==

These project wins further demonstrate EVZ’s increasing capability to procure and successfully deliver a range of bulk storage tank projects in addition to other capital works projects and long-term maintenance contracts to grow group revenue.

For further information please contact:

Scott Farthing Chief Executive Officer EVZ Limited Tel: +61 3 9545 5288 Mob: +61 411 11 7403 Email: scott.farthing@evz.com.au

About EVZ Limited

EVZ Limited is an industrial group with a portfolio of specialist businesses in the engineering services sector. EVZ operates in the areas of fuel industry mechanical services including bulk tank design and construction, syfonic storm water and roof drainage and distributed power generation plant maintenance through subsidiaries, Brockman Engineering, Syfon Systems and TSF Power.

EVZ Limited ABN 87 010 550 357

115 | 838 Collins Street, Melbourne VIC 3008 Australia P + 61 3 9545 5288 F + 61 3 9542 6061 www.evz.com.au