VERBREC LIMITED — Capital/Financing Update 2011

May 4, 2011

ASX Announcement

5 May 2011

Completion of Placement

Further to the Capital Raising announcement dated 21 April 2011, LogiCamms Limited is pleased to advise it has completed the placement of 6.8 million shares at $1.25 per share to raise $8.5 million (before costs).

The funds will be used to increase balance sheet strength to support future project opportunities. The Placement was made to new and existing institutional and sophisticated investors pursuant to the Company’s 15% placement capacity under listing rule 7.1.

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About LogiCamms

LogiCamms operates in the mining and minerals, hydrocarbons, infrastructure and specialist industries providing project and specialised engineering services that improve the value and productivity of assets.

The company is headquartered in Perth, Western Australia with 7 additional offices across Australia including Brisbane, Melbourne, Adelaide, Darwin, Gladstone, Mackay and Whyalla.

LogiCamms’ Vision is to be a Market Leader delivering Outstanding Customer Solutions.

Company Details LogiCamms Limited ASX: LCM ACN 127 897 689 Non Executive Board Directors Mr David Humann (Chairman) Mr Giles Everist Dr Chris Greig Mr Peter Wall AM Mr Damian Young

Executive Directors Mr Adam Keats (Managing Director) Mr Garry McGrechan

Company Secretary Mr Ian Hobson P +61 8 6331 8888 Investor Relations Contact Mr Adam Keats Managing Director P +61 8 6331 8888

Share Registry Computershare Investor Services P 1300 557 010 (within Australia) P +61 3 9415 4000 (outside Australia) W www.investorcentre.com

Registered Office 35 Outram Street West Perth WA 6005 P +61 8 6331 8888 F +61 8 9481 5045 E info@logicamms.com.au W www. logicamms .com.au