LYCOPODIUM LIMITED — Capital/Financing Update 2008

Jun 19, 2008

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Level 5, 1 Adelaide Terrace East Perth, Western Australia 6004 PO Box 6832, East Perth Western Australia 6892 Tel +618 6210 5222 Fax +618 6210 5201 www.lycopodium.com.au

Market Release 20 June 2008

LYCOPODIUM UPDATES CURRENT YEAR FORECAST

The Directors of Lycopodium are pleased to advise that we have upgraded our 2007/08 financial year forecast for both revenue and after tax profit.

Forecast revenue has been increased to $120.0 million and after tax profit to $11.5 million.

This represents an increase of 8.6% in revenue and 12.7% in after tax profit over the half year forecast.

The improved result has been underpinned by a material increase in EPCM revenue as a result of Lycopodium’s position in the Minerals sector and the faster than expected growth of the Queensland office. In addition this increase has replaced a lower margin cost-plus contract from the previous period providing an increase in margin.

For further information contact:

Mick Caratti Chairman Lycopodium Limited

Telephone: +61 8 6210 5222 Facsimile: + 61 8 6210 5201 Email: info@lycopodium.com.au

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