JOYCE CORPORATION LTD — Earnings Release 2015

Aug 27, 2015

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27 August 2015

Joyce Corporation Ltd

Announces a Record Year for the year ended 30 June 2015.

Highlights Page.

Joyce Corporation Ltd has today announced:

• Statutory *EBITDA of $7.9 Million up +183%, from $2.8M in 2014 The result includes provisions on Moorebank, one off costs and non-cash goodwill impairment charges with the resulting adjusted provisions and costs totalling $2.9M .

• Statutory NPAT for year ended 30 June 2015 of $5.22 Million up + 232.5% from last year.

• Underlying *EBITDA for continuing operations 2015 $2.49 Million, up from $1.39M, up +80%.

• Consolidated Revenue Increase to $34.7M, up 174% from last year.

• Statutory basic EPS of 16.2 cents per share up from 5.7 cents last year.

• Cash flow provided from operating activities of 14.9 cents per share.

A Fully Franked Dividend Declared.

Joyce Corporation Limited announces its dividends will return to being fully franked in 2015-16 year.

Shareholders can look forward to the following:

• 3 Cents per share fully franked dividend payable 23[rd] October 2015.

• 5 Cents per share special dividend payable the same date subject to the settlement of the Moorebank property on 30 September 2015.

Resulting in substantially franked total dividends of 10.5 cents to be paid in calendar year 2015.

(This compares with 3.6 cents per share unfranked dividend for the prior year.)

All details in this announcement are derived from preliminary unaudited accounts

• EBITDA refers to statutory profit before tax less net gain on Moorebank property sale and one off costs, provisions and non-cash impairment charges for continuing operations.

14 Collingwood Street, Osborne Park, Western Australia 6017 Telephone (08) 9445 1055 Facsimile (08) 9445 1011