VERBREC LIMITED — Capital/Financing Update 2012

Feb 16, 2012

ASX Announcement 17 February 2012

LogiCamms awarded Gorgon Project Maintenance Engineering Services Contract

LogiCamms Limited (“LogiCamms” or “the Company”) is pleased to announce that it has been awarded a contract with Chevron Australia to provide maintenance engineering services on the Chevron-operated Gorgon Project.

The contract has an estimated value of approximately $8m.

The contract commences immediately, with a term of four years.

Steve Banning, LogiCamms’ Managing Director, said the contract award recognised LogiCamms’ expertise in asset management and supported its strategy of strengthening this area of the business, particularly in the energy and resources sectors.

“The award of the Gorgon Project Maintenance Engineering Services contract by Chevron, a tier one global player in the energy industry, is a result of our commitment to developing an asset management service that responds to market demands,” Mr Banning said.

“Our asset management team is a dedicated national group, which can support customers on greenfield or brownfield projects to ensure successful start-up and optimal operations and maintenance. These services are complemented by engineering and project delivery professionals, providing added value and confidence for owners and operators.”

In delivering this contract, LogiCamms will integrate key personnel with the Chevron team to provide strategic solutions including building asset registers, developing maintenance tactics, conducting reliability centered maintenance reviews and maintenance and spares analysis.

“The Company looks forward to safely delivering this contract for Chevron and the Gorgon Project,” Mr Banning said.

The Gorgon Project is one of the world's largest natural gas projects and the largest single-resource project in Australia's history. It is operated by Chevron and is a joint venture of the Australian subsidiaries of Chevron (approximately 47%), ExxonMobil (25%), Shell (25%), Osaka Gas (1.25%), Tokyo Gas (1%) and Chubu Electric Power (0.417%).

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Further Information Mr Matthew Adamo Chief Financial Officer +61 8 6331 8888

Company Details	Company Secretary	Share Registry
LogiCamms Limited ASX: LCM	Mr Paul Bowker	Computershare Investor Services
ACN 127 897 689	P +61 7 3058 7000	P 1300 557 010 (within Australia)
		P +61 3 9415 4000 (outside Australia)
Non Executive Board Directors	Investor Relations Contact	W www.investorcentre.com
Mr Peter Watson (Chairman)	Mr Matthew Adamo
Mr Peter Wall AM	Chief Financial Officer	Registered Office
Mr Damian Young	P +61 7 3058 7000	35 Outram Street
Mr Giles Everist		West Perth WA 6005
		P +61 8 6331 8888
Executive Directors		F +61 8 9481 5045
Mr Steve Banning (Managing Director)		E info@logicamms.com.au
		W www.logicamms.com.au

About LogiCamms

LogiCamms operates in the mining and minerals, hydrocarbons, infrastructure and specialist industries providing multidiscipline engineering, project delivery and asset management solutions to enhance the long-term value of new and existing operational assets. The company is headquartered in Perth, Western Australia with seven 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 Peter Watson (Chairman) Mr Peter Wall AM Mr Damian Young Mr Giles Everist Executive Directors Mr Steve Banning (Managing Director)

Company Secretary Mr Paul Bowker P +61 8 6331 8888 Investor Relations Contact Mr Matthew Adamo Chief Financial Officer 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