VERBREC LIMITED — Capital/Financing Update 2023

Nov 26, 2023

ASX Announcement

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27 November 2023

Cleansing Notice under Section 708A(5)(e) of the Corporations Act

Verbrec Limited (ASX : VBC) ( Verbrec or the Company ) provides this notice ( Cleansing Notice ) under section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Corporations Act ).

On Monday, 20 November 2023, the Company published an announcement, investor presentation and Appendix 3B related to a prospective capital raise, including an institutional placement of Shares ( Placement ). Further information related to the Placement can be found in those documents.

The Company today advises that it has issued 31,823,491 ordinary fully paid Shares of ASX : VBC in the Placement to institutional, wholesale and sophisticated investors.

Details of the securities issued under the Placement

Class of securities	Ordinary fully paid shares
ASX code	VBC
Date of issue	27 November 2023
Total number of shares issued	31,823,491

The Company gives notice under section 708(5)(e) of the Corporations Act that:

• (a) The Shares have been issued without disclosure to investors under Part 6D.2 of the Corporations Act and without a prospectus being prepared;

• (b) As a disclosing entity, the Company is subject to regular reporting and disclosure obligations;

• (c) As at the date of this Cleansing Notice, the Company has complied with:

• (i) The provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

• (ii) Section 674 of the Corporations Act as it applies to the Company; and

• (d) As at the date of this Cleansing Notice, there is no ‘excluded information’ of the type referred to in sections 708A(7) or 708A(8) of the Corporations Act which is required to be disclosed by the Group under section 708A(6)(e) of the Corporations Act.

An Appendix 2A relating to the quotation of the Shares was published 24 November 2023.

Verbrec Limited ASX : VBC ACN: 127 897 689 Verbrec.com

Share Registry Computershare Investor Services Pty Ltd Ph: +61 3 9415 4000 computershare.com

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Authorised for release by the Board of Directors of Verbrec Limited.

Company Enquiries Investor Relations Media Enquiries Phillip Campbell Joel Voss Joel Voss Chairperson Company Secretary Company Secretary Phillip.Campbell@verbrec.com Investors@verbrec.com Investors@verbrec.com

About Verbrec Limited

Verbrec is a leading engineering and project services company that supports customers across Australia, New Zealand, PNG and beyond. The Company serves the energy, infrastructure, and mining industries through their technical specialties; asset management, automation and control, pipelines, power, process plant and training, with capabilities that span across the entire life cycle of an asset. Verbrec is an Australian Securities Exchange listed company (ASX:VBC).

Share Registry Computershare Investor Services Pty Ltd Ph: +61 3 9415 4000 computershare.com

Verbrec Limited ASX : VBC ACN: 127 897 689 Verbrec.com