SERVICE STREAM LIMITED — Capital/Financing Update 2012

Dec 2, 2012

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ASX & Media Release

3 December 2012

Service Stream Awarded $180m Telstra Remediation Contract

Service Stre a m is please d to announc e that it has b e en awarded a contract by Telstra for the remediatio n of Telstra pi t and pipe inf r astructure in connection with the roll-ou t of the National Broadband Network. U nder the co n tract, Servic e Stream will u ndertake net w ork remedia t ion activities f or Telstra in W estern Australia, South A ustralia, Nort h ern Territory , New South W ales and the Australian C a pital Territor y

The contrac t is for an initial three ye a r term with two renewal periods of t w o years each, subject to demand an d performance. The estima t ed value of t h e initial term i s $180m, wit h a seven-ye a r potential value of up to $ 4 20m. Servic e Stream has already com m enced work on a number of remediation projects w hich will no w be incorpo r ated into thi s contract.

For further details contac

Service Stream Limited Service Stream Limited Graeme Su m ner, Managi n g Director Bob Grant, C hief Financial Officer Tel: +61 3 9 6 77 8817 Tel: +61 3 9 6 77 8817

About Service Stream Limited:

Service Str e am is a public compan y listed on the Australian Securities Exchange ( C ode: SSM) with annua l revenue of a pproximatel y $600 million. The Serv i ce Stream G roup is a pr o vider of ess e ntial netwo r k services t o the telecommunications, energy and water industries. Servi c e Stream o p erates out o f more than 50 location s nationwide a nd maintai n s a workfor c e of over 4, 0 00 employ e es and contractors. For more infor m ation pleas e visit www.s e rvicestream . com.au.

SERVICE STREAM LIMITED ABN 46 072 369 870 HEAD OFFICE L evel 1, 355 Spe n cer Street, West M elbourne Vic 3003 | Mailing Addr e ss: PO Box 145 7 0 Melbourne VIC 8001 T +61 3 9677 8 8 88 | F +61 3 967 7 8877 | E info@s e rvicestream.co m .au | www.servic e stream.com.au