VERBREC LIMITED — Board/Management Information 2015

May 25, 2015

ASX Announcement 26 May 2015

LogiCamms Reaffirms Guidance and Richard Robinson Joins the Board

• LogiCamms reaffirms its FY15 trading guidance of approximately $140M revenue and EBITDA in the range of 8-10% of revenue

• Appointment of Richard Robinson as a Non Executive Director

• Completion of share buyback

• • Strategic positioning in Consult, Deliver and Maintain business lines

Trading Guidance

LogiCamms today reaffirmed its previous trading guidance provided to the market in February that it expects to see revenue of approximately $140M for FY15 ($69.3m delivered in H1 FY15) and an EBITDA margin of 8-10% of revenue. The Company continues to have strong operating cash flows and expects a net cash position of around $20 million at 30 June 2015 with no outstanding borrowings.

Share Buy Back

The Company’s share buy-back program commenced on 11 September 2014 with the Company stating it would buy shares up to an aggregate value of $2.0 million within the 12 month period. The Company has now bought back 2,757,988 shares at a cost of $1,958,108. The Company has lodged notices confirming the end of the share buy-back program effective today.

Consult, Deliver and Maintain

The Company has implemented a strategy of structuring its business around three key business lines of Consult, Deliver and Maintain. The Company currently provides services primarily in Deliver through its core engineering and project expertise. Revenues and opportunities in Deliver remain solid, particularly with the Company’s predominant focus on asset performance of operating facilities as well as sustaining brownfield optimisation and expansion opportunities.

The Company also has specialist offerings under the Consult business. These currently include Competency Training (our Registered Training Organisation), Competency Assurance and the recently acquired Monarc Environmental, an environmental consultancy with strong capabilities in the gas pipeline industry. There remain significant opportunities to grow these unique and differentiated Consult capabilities as well as expand through M&A activity to enhance the pull through of opportunities from Consult into our core Deliver business.

The Company currently has a growing interest in the Maintain business line through its existing site implementation, commissioning, shutdown and maintenance services in the Pilbara region. There exist opportunities to expand Maintain organically on the back of Deliver, as well as extend our specialist Maintain skills and scale through M&A.

As part of the implementation of the Consult, Deliver and Maintain strategy, the opportunity landscape of the Company increases and it expects to accelerate its market penetration through targeted and highly strategic acquisitions and investments. The strong cash flows of the business, significant cash position and

Engineering Consultancy | Project Delivery | Asset Performance

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

Share Registry Link Market Services Limited Ph: +61 7 3320 2200 www.linkmarketservices.com.au

undrawn facilities places the Company in a unique position to execute a plan of strategic acquisitions. In a market of potential consolidation, the Company is also assessing its access to capital to ensure it is ideally positioned to play a role in any consolidation that may occur, including participation in bolt on and significant M&A activity.

Appointment of Richard Robinson

LogiCamms is also pleased to announce that Richard Robinson has been appointed as a Non Executive director of the Company, effective today. Richard has more than 35 years’ experience in the Oil & Gas industry in Australia and Papua New Guinea. Richard’s experience covers project management, operations and commercial in both the upstream and downstream sectors.

In 2013 Richard retired from his role as Executive General Manager Operations for Oil Search Limited after more than 10 years at that company. Richard’s roles at Oil Search included responsibility for the company's production and drilling operations in Papua New Guinea and technical positions, including in relation to LNG.

Since retiring from his position at Oil Search, Richard has held a number of roles providing consulting services to the Oil & Gas, engineering and construction sectors. Richard currently serves as Chairman of Kina Petroleum Limited (ASX:KPL) having been appointed as a Non Executive director in 2013.

LogiCamms’ Chairman Peter Watson said: “Richard’s appointment brings substantial oil and gas experience to LogiCamms and his hands on operational roles, including managing Oil Search’s PNG Operations, provides a significant boost to the diversity and capability of the Board. We welcome Richard to the Company and look forward to his active involvement in driving the continued expansion of LogiCamms’ capabilities in oil and gas services in Australia and internationally”.

The Board will nominate Richard for election as a Non Executive director at LogiCamms’ 2015 Annual General Meeting.

- Ends –

Further information

Steve Banning Managing Director Tel. +61 7 3058 7000

Paul Bowker Director Corporate Development Tel. +61 7 3058 7000

Media enquiries Alasdair Jeffrey Tel. 04049267 68

About LogiCamms

LogiCamms is engineering breakthroughs in asset performance. Working with leading owners and operators of minerals and metals, hydrocarbons and infrastructure assets, the Company works to reduce costs, increase efficiencies, and enhance the value of customers’ operations. LogiCamms’ core business units include engineering consulting, project delivery, and asset performance services. LogiCamms is an Australian Securities Exchange listed Company (ASX: LCM) with offices across Australia and New Zealand. LogiCamms’ Vision is to be a market leader delivering outstanding customer solutions.

Engineering Consultancy | Project Delivery | Asset Performance

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

Share Registry Link Market Services Limited Ph: +61 7 3320 2200 www.linkmarketservices.com.au