LYCOPODIUM LIMITED — AGM Information 2008

Nov 26, 2008

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Lycopodium Limited
2008 Annual General Meeting
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Lycopodium Limited Annual General Meeting 2008

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Lycopodium Limited
2008 Annual General Meeting
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Lycopodium Limited Annual General Meeting 2008 Operations Report Update

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Lycopodium Limited
2008 Annual General Meeting
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CONTENT

• 2008 Snapshot

• Sector overview and Lycopodium’s status

• Rebranding

• HSE

• Project update

• Staff acknowledgment

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Lycopodium Limited
2008 SNAPSHOT 2008 Annual General Meeting
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• 2008 was another strong year for Lycopodium with record revenues and earnings

• The high level of activity within the resources sector has continued

Revenue ($ millions) NPAT ($ millions)

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140 14 12.4
120.5
120 104.64 12
8.89
100 84.15 10 7.59
68.97
80 8 5.67
60 6
40 4
20 2
0 0
2005 2006 2007 2008 Amount of Dividend (cents) 2005 2006 2007 2008
25
25
20 17.5
15
15
10.5
10
5
0
2005 2006 2007 2008
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Lycopodium Limited
OVERVIEW 2008 Annual General Meeting
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• Engineering services sector growth has been strong for a number of years

• Recent volatility and uncertainty in global financial markets, with declining commodity prices has led to a rapid softening in the minerals services sector

• General chemical, manufacturing, pharmaceutical and industrial sectors remain challenging

• Companies are reviewing operations and expansion plans, declining demand and access to funding delaying some plans

• Long term effects of the global situation remain unclear

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Lycopodium Limited
OVERVIEW 2008 Annual General Meeting
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• Lycopodium’s previous level of activity continues, personnel numbers at ~750

• Rate of growth of further opportunities has slowed

• Rio Tinto Iron Ore revising plans for their 320Mt expansion project, but continuing with projects that are part of their 220Mt expansion

• Two smaller studies and an iron ore design package have been curtailed but collectively are not material to Lycopodium’s general activities

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Lycopodium Limited
OVERVIEW 2008 Annual General Meeting
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• Lycopodium’s strategies of diversification in client base, commodity, project and operational geography have positioned the company to be able to deal with these challenges

• Directors and management remain focused

• Lycopodium continues to operate without the need for debt

• Strategy of organic growth has allowed the company to grow without inherent integration risk

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Lycopodium Limited
REBRANDING 2008 Annual General Meeting
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• Corporate rebranding launched in November 2008

• Change of name of some companies within the group

• Lycopodium Minerals Pty Ltd

• Lycopodium Minerals QLD Pty Ltd

• Lycopodium Process Industries Pty Ltd

• OMC, SUPL remain as before

• Refreshed company image including office branding, stationery

• New company website

• New corporate logo:

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Lycopodium Limited
HSE 2008 Annual General Meeting
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• Lycopodium continues to deliver projects in a safe and environmentally responsible manner • Good HSE performance since last report

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Lycopodium Limited
PROJECT UPDATE 2008 Annual General Meeting
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Buzwagi Gold Project – Tanzania – Barrick Gold Corporation Construction continues with equipment installation, structural steel, electrical and instrumentation work ongoing

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Lycopodium Limited
PROJECT UPDATE 2008 Annual General Meeting
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Buzwagi Gold Project – Tanzania – Barrick Gold Corporation

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Lycopodium Limited
PROJECT UPDATE 2008 Annual General Meeting
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Kolwezi Tailings Copper/Cobalt Project – DRC – First Quantum Minerals Construction continues with tailings dam, general earthworks, concrete works, structural steel, and tankage in progress

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Lycopodium Limited
PROJECT UPDATE 2008 Annual General Meeting
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Kolwezi Tailings Copper / Cobalt Project – DRC– First Quantum Minerals

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Lycopodium Limited
PROJECT UPDATE 2008 Annual General Meeting
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Hope Downs Stage 2 – Western Australia – Rio Tinto Iron Ore Construction almost complete, commissioning underway

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Lycopodium Limited
PROJECT UPDATE 2008 Annual General Meeting
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Hope Downs Stage 2 – Western Australia – Rio Tinto Iron Ore

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Lycopodium Limited
PROJECT UPDATE 2008 Annual General Meeting
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Masbate Gold Project – Philippines – CGA Mining / Leighton Contractors Construction well advanced with commissioning 1Q2009

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Lycopodium Limited
PROJECT UPDATE 2008 Annual General Meeting
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Ravensthorpe, Kalgoorlie, Mt Keith & Leinster BHP Billiton Nickel West sites

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Lycopodium Limited
PROJECT UPDATE 2008 Annual General Meeting
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Tropicana - AngloGold Ashanti Concentrated Solar Power Plant Study, Western Australia

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Lycopodium Limited
PROJECT UPDATE 2008 Annual General Meeting
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Chirano Plant Upgrade – Ghana – Red Back Mining Site construction has commenced

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Lycopodium Limited
PROJECT UPDATE 2008 Annual General Meeting
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Sodium Hypochlorite Plant – Western Australia – Orica Chemicals Commissioning in progress

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Lycopodium Limited
PROJECT UPDATE 2008 Annual General Meeting
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Aircraft Component Repair Station – Victoria – Boeing Hawker de Havilland

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First phase complete
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Lycopodium Limited
PROJECT UPDATE 2008 Annual General Meeting
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Varvarinskoye Copper/Gold Operation – Kazakhstan Three K Exploration & Mining

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Lycopodium Limited
PROJECT UPDATE 2008 Annual General Meeting
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MOPU (Million Ounce Plant Upgrade) - PNG - Lihir Services Australia Engineering has commenced

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Lycopodium Limited
PROJECT UPDATE 2008 Annual General Meeting
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• Ongoing upgrade projects for Yakult Australia in Victoria which include Bottle Storage Tank, Conveying System Stages 1 & 2 and the Seed Storage project

• Design and supply of an inhibitor system for the Rio Tinto Aluminium Yarwun Stage 2 project has commenced

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Lycopodium Limited
PROJECT UPDATE 2008 Annual General Meeting
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• Maintenance Planning & Reliability Engineering Services to the Oil & Gas sector for clients including Woodside Energy and Chevron continues

• Also, further assignments have commenced for an African copper/cobalt project for FreeportMcMoRan as well as services are being provided on an Australian gold project for Newmont Gold

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Lycopodium Limited
STAFF
ACKNOWLEDGEMENT 2008 Annual General Meeting
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• The Board of Lycopodium extend their appreciation to all management and staff for their continued valued contribution towards the success of the company

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Lycopodium Limited
2008 Annual General Meeting
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Thank You

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Lycopodium Limited
2008 Annual General Meeting
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Lycopodium Limited Annual General Meeting 2008 Questions

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Lycopodium Limited
2008 Annual General Meeting
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Lycopodium Limited Annual General Meeting 2008 Appendix : Share Price Information

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Lycopodium Limited
2008 Annual General Meeting
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Share price performance

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500 3 year share price performance 12 month share price performance
200
450
180
400
160
350
140
300
120
250
100
200
80
150
60
24% (46%)
6% (47%)
100 6% 40 (55%)
(27%) (68%)
(32%) (72%)
50 20
0 0
Nov-05 May-06 Nov-06 May-07 Nov-07 May-08 Nov-08 Nov-07 Feb-08 May-08 Aug-08 Nov-08
S&P ASX 300 S&P ASX 300 Industrials S&P ASX 300 S&P ASX 300 Industrials
Engineering, Consulting & Construction Services Engineering & Consulting Services Engineering, Consulting & Construction Services Engineering & Consulting Services
Lycopodium Lycopodium
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Source: Bloomberg as at 21/11/2008 / Ernst & Young

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Lycopodium Limited
2008 Annual General Meeting
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Share price performance

1 month % change in share price 3 month % change in share price

12 month % change in share price

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(59) (78) (87)
(48) (75) (81)
(45) (67) (81)
(43) (64) (74)
(42) (59) (74)
(38) (52) (61)
(32) (49) (61)
(24) (45) (60)
(21) (36) (55)
(21) (30) (54)
(80) (60) (40) (20) - (100) (80) (60) (40) (20) - (100) (80) (60) (40) (20) -
1 month % change 3 month % change 12 month % change
Engineering, consulting and construction services Engineering and consulting services Lycopodium
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Source: Bloomberg as at 21/11/2008 / Ernst & Young

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Lycopodium Limited
2008 Annual General Meeting
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12 month share price performance

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2 0 / 0 6 / 0 8 2 2 / 0 8 / 0 8
2 7/ 0 2 / 2 0 0 8 Prof it guidance Preliminary Final
6.0 First half of t he released- upgrade R eport - af t er t ax
2 0 0 7/ 0 8 f inancial of 0 7/ 0 8 f orecast , prof it of $12 .4 m
year prof it up revenue up 8 .6 % exceeds prof it
12 % t o $4 .8 m 12 / 0 3 / 0 8 t o $12 0 m and guidance by 8 %
D irect or Rodney prof it up 12 .7%
Leonard sells t o $11.5m
3 55,0 0 0 shares
5.0
28/10/08
US consumer
4.0 confidence falls
to a record low
15/09/08
12.0x Lehman Brothers the lowest since
tracking began
files for bankruptcy
in 1967
in US
3.0
22/01/08 14/07/08
Biggest 1-day 17/03/08 Financial authorities
loss on Bear Stearns step in to assist 3/10/08
world markets acquired by America's two largest US passes a $700b
in 6 years JP M organ lenders, Fannie M ae bail out plan (55%)
2.0 Chase and Freddie M ac 30/10/08
15/10/08
US Federal
The Dow Jones index
Reserve
falls 733 points
9/01/08 or 7.87% - its biggest cuts rates
The World Bank percentage fall since 3.9x
1.0 predicts that 26 October 1987
global economic
growth will
slow in 2008
0.0
Nov 07 Jan 08 Mar 08 May 08 Jul 08 Sep 08 Nov 08
Lycopodium Share price (ASX) LYL Volume
Share Price ($A)
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Source: Bloomberg as at 21/11/2008 / Ernst & Young