SHINE JUSTICE LTD — Capital/Financing Update 2016

Dec 18, 2016

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Shine Corporate Ltd (SHJ) Market Update

Shine Corporate Ltd (the Company ) has previously advised of challenging conditions in its Energy & Resources practice area. The Energy & Resources practice has significantly underperformed year to date. Specifically, there has been a delay in the funding of a number of infrastructure projects.

The Company expects the Energy & Resources practice area’s contribution to fall below the Company’s internal expectation for the full year. As a result, the Company now forecasts to achieve statutory EBITDA of $36m to $40m for FY2017 subject to the outcome of the impairment review discussed below.

The Company will be reviewing the asset carrying value of its Energy & Resources practice at the half-year ending 31 December 2016. Whilst this review is yet to be finalized, the Company expects an impairment of up to $5m may be required.

The Company continues to execute the transformation initiatives outlined in previous market announcements with a view to improving business performance across all areas of operations and continues to seek value accretive and strategic opportunities for growth.

The Company will provide a further update when it delivers its half year results in February 2017.

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Courtney Petersen Managing Director & CEO

Shine Corporate Ltd Level 13, 160 Ann Street Brisbane QLD 4000

19 December 2016

Enquiries – please contact Courtney Petersen, Managing Director & CEO on 07 3837 8401