GR ENGINEERING SERVICES LIMITED — Capital/Financing Update 2017

Jun 29, 2017

==> picture [238 x 78] intentionally omitted <==

ASX RELEASE

30 June 2017

For immediate release to the market

AWARD OF SUNRISE DAM RECOVERY ENHANCEMENT PROJECT EPC CONTRACT

GR Engineering Services Limited (ASX:GNG) ( GR Engineering ) is pleased to announce that it has been awarded an engineering, procurement and construction (EPC) contract ( Contract ) with AngloGold Ashanti Australia Limited ( AngloGold Ashanti ) to undertake the design and construction of a brownfields upgrade to processing facilities at the Sunrise Dam Gold Mine, located 55km south of Laverton in Western Australia.

Under the Contract, GR Engineering will design and construct a new flotation and ultra-fine grind processing facility with associated services upgrades to operate within the existing processing infrastructure that is currently in operation at Sunrise Dam.

The Contract price is approximately $31.3 million. Work under the Contract is scheduled to start immediately, with completion scheduled for June 2018.

Commenting on the entry into the Contract, GR Engineering’s Managing Director, Mr Geoff Jones, said:

“We are extremely pleased to be working with AngloGold Ashanti, a top tier global gold producer. GR Engineering looks forward to making a positive contribution to the Sunrise Dam Gold Mine which has been in operation for more than 20 years, through the safe and successful delivery of this accretive brownfields project.”

Ends.

For further information please contact:

Geoff Jones

Managing Director

•  +61 8 6272 6000

•  geoff.jones@gres.com.au

Joe Totaro

CFO & Company Secretary

•  +61 8 6272 6000

•  joe.totaro@gres.com.au

==> picture [53 x 38] intentionally omitted <==

GR ENGINEERING SERVICES LIMITED ABN 12 121 542 738 Tel: +61 8 6272 6000 Fax: +61 8 6272 6001 Email: gres@gres.com.au Website: www.gres.com.au PO Box 258, Belmont WA 6984 179 Great Eastern Highway, Belmont WA 6104

==> picture [162 x 33] intentionally omitted <==

GR Engineering Services Limited (ASX:GNG) is an ASX listed engineering design and construction contractor specialising in fixed price engineering design and construction services to the resources and mineral processing industry.

GR Engineering has successfully completed the engineering design and construction of projects for a diverse range of clients, including global mining houses, mid-tier miners and junior developers undertaking their first project. Traditionally an EPC contractor, GR Engineering also has the ability to contract through a variety of models, including EPCM and hybrid contracting arrangements.

GR Engineering also has a long history of providing a diverse range of process engineering consulting services, including feasibility study preparation and management, process design and peer review engagements. These services have been delivered for projects globally and play a key role in delivering organic growth opportunities through design and construction project execution.

The Company also has a presence in the hydrocarbons industry via its wholly owned subsidiary, Upstream Production Solutions. Upstream Production Solutions is a leading provider of operations and maintenance and well management services to the Australian and South East Asian oil and gas industry.

As a group, GR Engineering employs more than 450 professional and support staff throughout Australia and internationally, in addition to a direct construction workforce and subcontracted personnel.

Page 2