LYCOPODIUM LIMITED — Capital/Financing Update 2020

Jan 12, 2020

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13 January 2020

Company Announcements Australian Securities Exchange Limited Level 4, 20 Bridge Street SYDNEY NSW 2000 AUSTRALIA

Dear Sir / Madam

RE: MONDIUM SECURES MAJOR EPC CONTRACT WITH RIO TINTO

Please find attached a copy of a media release issued today by Mondium Pty Ltd (“Mondium”), an incorporated joint venture in which Monadelphous Group Limited (ASX:MND) is a 60 per cent shareholder.

Mondium is an engineering, procurement and construction (“EPC”) service provider targeting and delivering EPC projects in the minerals processing sector.

Mondium has been awarded a major contract, valued at approximately $400 million, with Rio Tinto for the design and construction of the Western Turner Syncline Phase 2 (WTS2) mine, located in the Pilbara region of Western Australia.

Monadelphous Managing Director, Rob Velletri, said being chosen to partner with Rio Tinto to deliver these important mine expansion works was a great achievement for Mondium.

“The award illustrates the strong progress Mondium has made in cementing itself as a preferred and trusted provider of EPC services. I would like to congratulate all involved in this historic win”.

For further information, please refer to the attached media release.

Further Information

Analysts/Investors Kristy Glasgow Investor Relations T +61 8 9316 6386 M +61 403 781 909 Investor_relations@monadel.com.au

Media

Ella McCarthy Marketing and Communications T +61 8 6311 1018 M +61 401 404 874 EMcCarthy@monadel.com.au

Yours sincerely,

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Philip Trueman

Company Secretary

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Media Release

13 January 2020

Mondium secures major EPC contract with Rio Tinto

Mondium Pty Ltd (“Mondium” or “the Company”), a Perth-based engineering, procurement and construction (EPC) company, has been awarded a major contract, valued at approximately $400 million, with Rio Tinto for the design and construction of the Western Turner Syncline Phase 2 (WTS2) mine, located in the Pilbara region of Western Australia.

Mondium will carry out all engineering and design, procurement and site construction works associated with the WTS2 development, including the process plant, overland conveyor and nonprocess infrastructure.

Monadelphous and Lycopodium recognised the synergistic benefits they could bring by providing an end to end EPC delivery business for the resources sector in Australia.

Mondium Managing Director, Andrew Carnie, said that the award is a major strategic milestone for the Company in its growth strategy.

“Mondium has been working hard to execute projects successfully and prove our capability. We are thrilled to be making great strides in our growth strategy and to have secured this significant contract with Rio Tinto,” said Mr Carnie.

The work will commence in the first quarter of 2020 and is expected to be competed in 2021. Mondium will work closely with Rio Tinto to provide local employment and business opportunities in the region.

Further Information

Media

Ella McCarthy Monadelphous - Marketing and Communications T +61 8 6311 1018 M +61 401 404 874 EMcCarthy@monadel.com.au

Mondium

Mondium brings together the complementary strengths, resources and experience of Monadelphous in multidisciplinary construction works with Lycopodium’s innovative, fit for purpose, technical engineering expertise in minerals project delivery. This combined wealth of experience and resources is able to provide full project development and execution services, from conceptual early design through complete project EPC delivery.

www.mondium.com

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