GR ENGINEERING SERVICES LIMITED — Capital/Financing Update 2019

Feb 4, 2019

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

ASX RELEASE

5 February 2019

For immediate release to the market

Award of Carrapateena Northern Wellfield Water Supply System EPC Contract

GR Engineering Services Limited (ASX:GNG) ( GR Engineering ) is pleased to announce the award of an engineering, procurement and construction (EPC) contract with OZ Minerals for the design and construction of the Northern Wellfield for the Carrapateena Project located approximately 160km north of Port Augusta in South Australia.

GR Engineering’s scope of work includes the detailed design, survey, supply, transportation, construction, testing and commissioning for the development of the trunkline and transfer pumping stations associated with 4 wells to enable water to be supplied to the Carrapateena mineral processing plant, currently under construction.

The contract price is approximately $16.3 million, with the works to be delivered under a guaranteed maximum price (GMP) model. Work is intended to commence immediately, with completion to be achieved in the third quarter of calendar year 2019.

Commenting on the award, GR Engineering’s Managing Director, Mr Geoff Jones, said:

“The award of this work demonstrates GR Engineering’s credentials in the supply of process infrastructure and performance of ancillary project works on a turnkey basis to support broader project delivery. Carrapateena is a globally significant copper-gold development project and our team is looking forward to working with OZ Minerals to make a meaningful contribution to its safe and successful delivery.”

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 71 Daly Street, Ascot 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 300 professional and support staff throughout Australia and internationally, in addition to a direct construction workforce and subcontracted personnel.

Page 2