VERBREC LIMITED — Capital/Financing Update 2016

Nov 22, 2016

ASX Announcement 23 November 2016

SHARE PURCHASE PLAN RAISES $1.2 MILLION

LogiCamms Limited (“LogiCamms” or “the Company”) advises that its Share Purchase Plan (“SPP”) has closed. The SPP resulted in applications for 3,210,232 new shares and raising $1,219,870.06.

In total, the Company raised approximately $4.7 million including the $3.5 million placement to sophisticated and professional investors.

Funds raised from the placement and the SPP will be used for purposes including:

• Working capital for projects with long and intensive working capital requirements;

• Supporting development for technology, including LogiCamms investment in its proprietary GIS (Geographic Information System) Platform which has now been commercialised; and

• Strengthening LogiCamms’ balance sheet. LogiCamms continues to operate on a debt-free basis.

The remaining timetable for the SPP is as follows:

Event	Date
Issue of Shares issued under the SPP	23 November 2016
Commencement oftrading ofshares on ASX	24 November 2016
Despatch of holding statements	24 November 2016

The commencement of trading of new shares is subject to confirmation from ASX.

Further information Mr Steve Banning Mr Paul Bowker Managing Director Director Corporate Development Tel. +61 7 3058 7000 Tel. +61 7 3058 7000

About LogiCamms

LogiCamms delivers innovative and tailored solutions to 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 provides a complete service through our business lines of Consult, Deliver and Maintain. LogiCamms is an Australian Securities Exchange listed Company (ASX:LCM) with offices across Australia, New Zealand and Papua New Guinea. LogiCamms’ Vision is to be a market leader delivering outstanding customer solutions.

Consult | Deliver | Maintain

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

Share Registry Link Market Services Tel. +61 1300 554 474 www.linkmarketservices.com.au