VERBREC LIMITED — Capital/Financing Update 2012

Jan 10, 2012

ASX Announcement 11 January 2012

LogiCamms awarded significant upgrade project for Rio Tinto

LogiCamms Limited (“LogiCamms” or “the Company”) is pleased to advise that it has been awarded two design contracts with a combined value of $8.3m as the initial phase for the upgrade of significant electrical infrastructure at Rio Tinto’s iron ore port assets in Western Australia.

These design contracts represent the initial phase of a broader upgrade project. This initial phase includes electrical and control system engineering design to upgrade low voltage substations and associated facilities at Rio Tinto’s East Intercourse Island and Cape Lambert sites. The remaining phases of the project are expected to include associated electrical construction, and operational readiness activities at these sites. While the additional scope of work is within LogiCamms’ existing capabilities these contracts are yet to be awarded.

Delivery of the 18 month program for the design & construction works at each site will be through a dedicated project team, with work on the project commencing immediately.

Steve Banning, LogiCamms’ Managing Director, said the award of this significant port infrastructure project showed confidence in the Company’s highly experienced team, excellent track record and a strengthening relationship with Rio Tinto.

“LogiCamms has over 20 years of experience in the iron ore industry, including with many Rio Tinto sites, and has completed in excess of 140 electrical substation projects. The Company also has extensive mine-to-port experience and expertise in brownfield project delivery to draw on, as well as an excellent health and safety record well below industry benchmarks.

“Rio Tinto has recognised LogiCamms’ ability to achieve their objectives on this project and we look forward to successfully delivering the project” Mr Banning said.

This award compliments the encouraging increase in contracts awarded to LogiCamms in recent months. These contracts will help underpin financial performance for 2012. - Ends -

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

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	Company Secretary	Share Registry
LogiCamms Limited ASX: LCM	Mr Paul Bowker	Computershare Investor Services
ACN 127 897 689	P +61 8 6331 8888	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 8 6331 8888	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