SERVICE STREAM LIMITED — Capital/Financing Update 2010

Oct 31, 2010

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Service Stream Limited

Level 1, 355 Spencer Street Tel: 61 3 9677 8888 West Melbourne, Victoria, 3003 Fax: 61 3 9677 8800 PO Box 14570 ABN: 46-072-369-870 Melbourne, Victoria 8001

www.servicestream.com.au

ASX & Media Release

1 November 2010

Service Stream Secures Jemena Advanced Meter Contract and extends WA Gas Networks Contract

Service Stream has been awarded a $40m contract to install more than 750,000 smart meters as phase 2 of the Jemena Electricity Networks (JEN) and United Energy Distribution (UED) Advance Metering Infrastructure (AMI) roll-out in Victoria. The new contract will see Service Stream continue as the sole provider of field services through to the completion of the programme in June 2013.

This contract is the only AMI project in Victoria that requires the field installation provider to provide a complete turn-key service which includes:

• Design, development and support of a field mobility solution

• Management and scheduling of all field services and data collection

• Installation of approximately 750,000 smart meters commencing January 2011

• Installation of communication technology

• Contact centre services for both Network owners’ customers

• Management of logistics

• Fault truck support

Service Stream is currently performing AMI installations for the CitiPower and Powercor Electricity Networks in Victoria and the volume of meters we are now contracted to install over the next three years confirms our position as the market leaders in smart metering.

Service Stream is also pleased to announce a new 4 year contract with WA Gas Networks for metering services worth $8m.

For further details contact:

Service Stream Limited

Graeme Sumner Managing Director Tel: (61 3) 96778848

About Service Stream Limited:

Service Stream is a public company listed on the Australian Securities Exchange (ASX Code: SSM) with annualised revenues approximately A$550 million. The Company is an industrial services enterprise with proven outsourced infrastructure deployment, management and service capabilities across 52 locations throughout Australia. Service Stream’s technical workforce of over 4,000 supports large asset owners on the deployment, management and servicing of essential network infrastructure in the telecommunication, electricity, water and gas sectors. For more information please visit the Company’s website at www.servicestream.com.au.

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