VERBREC LIMITED — AGM Information 2012

Nov 7, 2012

Chairman’s Address

To the Annual General Meeting of LogiCamms Limited, held on Thursday 8 November 2012 at the Grand Chancellor Hotel, 23 Leichardt Street, Brisbane, Queensland at 10:00am EST.

I am pleased to report that LogiCamms ~~m~~ ade significant progress in 2012 in terms of its financial performance and its business and team development.

Our team delivered a record financial result in the 2012 year, producing:

• revenue of $123.1 million;

• EBITDA of $11.3 million; and

• Net Profit after Tax of $10.7 million, which included R&D tax credits.

This represented record earnings per share of 15.9 cents, a return on equity of 15.6%, and allowed your Board to declare record dividends of 8.5 cents per share.

This was a period in which the hard work in developing and implementing the LogiCamms strategy has delivered results. I would like to thank your Board for its considerable insight, support, guidance and governance during the year, and I would like to extend my thanks to those Board members who retired in the first half of the year.

I also wish to acknowledge the significant credit that is due to the Executive Management group led by our Managing Director, Steve Banning, who began with us in October last year. The Executive has done an outstanding job in galvanising the entire LogiCamms team and implementing our strategy.

I would also like to thank and congratulate LogiCamms’ staff. During the year, staff numbers grew in response to greater business activity and we now have around 500 staff compared with 190 when we first listed in 2007. The continued dedication of our staff to the delivery of quality solutions, securing new opportunities and successfully implementing projects, is at the heart of this business. Our staff - with the guidance of Steve and his executive team - is turning into reality the Company’s Vision of being a market leader in delivering outstanding customer solutions.

In Health and Safety, our safety performance indicators continue to be well under industry average levels, a reflection of the fact that our ‘Zero Harm’ philosophy remains a core component of our activities.

Growth has been achieved under an umbrella of improved governance and risk management policies. The Audit and Risk Committee Charter has been updated; we have strengthened the risk management framework; instituted new risk management policies; and formed a dedicated Projects Committee. We continue to promote effective business and project assurance practices, long-term customer relationships, geographic diversification, a balanced portfolio of contracts, and an enhanced service offering in line with our strategy.

You will notice that the Board has recommended that the Company approve, should the opportunity arise, the ability to issue up to an additional 10% of the Company’s issued share capital by way of placement. This extension of 10% over a twelve month period, is in addition to the 15% currently provided for under the ASX Listing Rules. With the extended placement capacity of 25% in place your Board will have the flexibility to effectively respond to market opportunities should they arise.

Engineering | Project Delivery | Asset Management

LogiCamms Limited ASX:LCM ACN 127 897 689 www.logicamms.com.au

Share Registry Computershare Investor Services Tel. +61 3 9415 4000 www.investorcentre.com

2012 has been a successful year and the Company is in a strong financial position. I remain confident of LogiCamms’ future growth prospects, and that our strategic focus on brownfield investment in growth sectors across the hydrocarbons, mining & minerals, and infrastructure & industry market sectors will continue to deliver in FY13 and beyond. I again thank my Board colleagues, the Executive Management team, and all LogiCamms staff, and encourage shareholders to support the resolutions we have put before the meeting today.

Peter Watson

Chairman LogiCamms Limited

Engineering | Project Delivery | Asset Management

LogiCamms Limited ASX:LCM ACN 127 897 689 www.logicamms.com.au

Share Registry Computershare Investor Services Tel. +61 3 9415 4000 www.investorcentre.com

Managing Director’s Address

To the Annual General Meeting of LogiCamms Limited, held on Thursday 8 November 2012 at the Grand Chancellor Hotel, 23 Leichardt Street, Brisbane, Queensland at 10:00am EST.

I am delighted with the record result LogiCamms delivered in financial year 2012 as detailed in the Chairman’s address. It was also pleasing to note that we finished the 2012 financial year with a net cash position of just over $16 million, up from $13.5 million last year, which provides us with a strong capital position going forwards.

Our results validated the strategy we have in place, being a predominant focus on brownfields assets, and targeting specifically hydrocarbons, mining and minerals, and infrastructure and industry market sectors. Perhaps the most encouraging feature over the past year has been the accelerated penetration into the hydrocarbons sector right across our business, especially in coal seam gas in Queensland.

Health, safety and environment is a core emphasis and we have advanced a number of initiatives to help protect the interests of the Company, its people, and the environments in which we operate. Notably our health and safety systems in all major offices are now AS4801 accredited.

Relationships with Tier 1 customers (such as BHP Billiton, Rio Tinto, Chevron, ConocoPhillips, Santos and Origin Energy) have also grown, as has our asset management business where we deploy a combination of specialised services that enhance the operating efficiency of clients’ existing assets or support the commissioning process. Through asset management, we are developing greater certainty of earnings continuity by being onsite with customers, helping to deliver and maintain efficiencies. Moreover, we are finding that successful projects are stimulating incremental work, for example, we are seeing flow on opportunities for project delivery and engineering services.

During the year we secured multiple contracts in the mining and hydrocarbons sectors, including announced contracts with Chevron and Rio Tinto for projects located in Western Australia. More recently contracts with Stanwell Corporation, WICET for the Wiggins Island Coal Export Terminal and with Origin for the APLNG project in Queensland were announced.

We also continued to diversify our customer base by number and across industries. In 2011 we had a single project representing around 15% of our total revenue with a relatively low gross margin. In 2012 we achieved a greater spread of customer relationships with 55% of our revenue derived from our top ten customers, contributed from multiple projects across Australia. We have been particularly encouraged by the response from both existing and new customers to our offering and are proud to be supporting a broader and more resilient customer base.

People remain central to our success and our growth in employees has been accommodated seamlessly and efficiently. Our People and Culture strategy combines a robust introduction to LogiCamms’ internal programs, and to its systems and culture.

LogiCamms aims to be an employer of choice. In taking active steps to achieve this we have recently expanded our national Graduate Program, implemented an employee development program, and launched a reward & recognition platform.

Engineering | Project Delivery | Asset Management

LogiCamms Limited ASX:LCM ACN 127 897 689 www.logicamms.com.au

Share Registry Computershare Investor Services Tel. +61 3 9415 4000 www.investorcentre.com

We have a dedicated recruitment team seeking to access the experience, leadership qualities and specialised skills we believe are necessary to execute our strategies. This considerable recruitment program to support expansion, diversification, and strengthening of capability is being achieved. We have also recently completed the relocation of our Perth office to a new and larger space in the CBD, and have enhanced our footprints in Adelaide, Whyalla, Mackay and Brisbane.

Recent months have seen investment in Western Australia iron ore and Queensland coal markets moderated, particularly with respect to Greenfield projects. It is important for me to explain how the Company’s exposures in these specific areas are being managed.

In addition to working in the hydrocarbons and infrastructure and industry market sectors, LogiCamms is also operating with the iron ore industry in Western Australia and coal industry, primarily in Queensland. It is important to understand the nature of these engagements. First, our exposures are predominantly in brownfields (existing) operations; and secondly, they relate to production assets that require ongoing service support to ensure continued safe and efficient operation. We do see a greater level of scrutiny of proposed projects at some brownfields sites, but our experience is that these projects do typically proceed with more certainty than greenfield projects.

It is also important to reiterate that LogiCamms is professional services business. The nature of the services we provide seek to support our clients solve some of their more complex problems. For example we provide solutions that address complex process and system requirements, such as identifying efficiency gains on existing facilities. The large majority of the services we provide are in support of enhancing the efficiency, safety, integrity and ultimately profitability of existing facilities.

Looking ahead into the 2013 financial year and beyond, we are maintaining our strategy and in particular continuing to focus on our key industry sectors. To understand why a potential growth dynamic exists in our business, it is important to appreciate that LogiCamms has a significant opportunity to grow its market share from a relatively low base. As such, despite the current conditions surrounding the resources sector, the opportunities to grow our businesses remain. We have a good spread of complimentary capability, a diverse client base, and we strive to deliver value oriented solutions to our clients. We will continue to seek to strengthen our existing business through the development of our people, ongoing recruitment of high-calibre individuals, through partnerships with companies with complimentary capability, and the pursuit of accretive acquisitions as opportunities arise.

In 2013 we see revenues continuing to grow, and the composition across industries and services is expected to change as we continue to progress along our strategic roadmap. By the end of 2013 we anticipate the hydrocarbon component of revenue increasing with our asset management offering also growing more rapidly proportionate to other services.

In summary, we can reflect with pride that 2012 was a strong year for the LogiCamms business. We demonstrated record success in financial performance, enhanced our risk-management framework, increased exposure to Tier 1 customers, and stimulated operational plans that seek to actively engage staff to grow the business. Importantly, LogiCamms has a diversified portfolio of opportunity, and therefore diversified risk exposure. We are involved in multiple growth industries with broad relationships and we offer a number of brownfield value-adding services.

Engineering | Project Delivery | Asset Management

LogiCamms Limited ASX:LCM ACN 127 897 689 www.logicamms.com.au

Share Registry Computershare Investor Services Tel. +61 3 9415 4000 www.investorcentre.com

We have a solid outlook. Although earnings margin is expected to be tighter in light of market conditions we still anticipate that it will be within our target range. We have good visibility of revenues for the first half of FY13, which are anticipated to be in line with the second half of FY12 and well ahead of the previous corresponding period. We anticipate FY13 being positive in terms of balanced and controlled earnings growth.

Steve Banning

Managing Director LogiCamms Limited

• Ends -

Further information

Mr Matthew Adamo Chief Financial Officer Tel. +61 7 3058 7000

About LogiCamms

LogiCamms operates in mining and minerals, hydrocarbons, infrastructure and industries. The company provides multidiscipline engineering, project delivery and asset management services to enhance the long-term value of new and existing operational assets.

The business operates offices across Australia including Perth, Brisbane, Adelaide, Melbourne, Darwin, Gladstone, Mackay and Whyalla. The company’s Vision is to be a market leader delivering outstanding customer solutions.

Engineering | Project Delivery | Asset Management

LogiCamms Limited ASX:LCM ACN 127 897 689 www.logicamms.com.au

Share Registry Computershare Investor Services Tel. +61 3 9415 4000 www.investorcentre.com