VERBREC LIMITED — Director's Dealing 2024

Dec 11, 2024

ASX Announcement

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12 December 2024

Change in Director’s Interest Notice

Verbrec Limited (ASX : VBC) ( Verbrec or the Company ) announces the off-market sale of 7,692,308 shares in the Company by Mr. Brian O’Sullivan AM. The transaction was facilitated by Veritas Securities Limited and the purchasers of the shares included both long-standing institutional investors and some new additions to Verbrec’s register.

An Appendix 3Y is attached to this announcement as an appendix.

Mr. O’Sullivan is a non-executive director of the Company and as at the date of this notice is the largest beneficial shareholder of Verbrec.

A note from Mr Brian O’Sullivan AM

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For over 30 years, I have held charity positions and, in the past, have been privileged to chair and financially support the Muscular Dystrophy Foundation of Australia for several years.

In 2011, I established the O’Sullivan Brothers Appeal Fund Ltd , which is a charity specifically for people with Myotonic Muscular Dystrophy, which is a specific type of degenerative muscle dystrophy. My previous divestment of Verbrec shares in March 2022 supported this fund. The divestment of Verbrec shares this week will help to provide capital for the sustainability of this appeal fund.

I am the largest shareholder in Verbrec, with approximately 25% ownership stake (prior to this transaction). I have divested approximately 2.8% of the company to both long-standing institutional investors and newer names on our register. I am pleased that these parties share my support for Verbrec.

Like myself, they clearly see all the transformative work completed last year and the refreshed strategy for growth well underway.

Brian O’Sullivan AM

Non-Executive Director

A note from the Chairman

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I commend Mr O’Sullivan on his ongoing contributions to charitable funds, supporting the needs of people with Myotonic Muscular Dystrophy.

It is pleasing to see that some long-standing shareholders on the buy-side of this transaction, along with some relatively new entrants.

This transaction brings more diversity to our register, which is a positive sign for Verbrec and the continued interest in our company from the Australian investment community.

Phillip Campbell

Non-Executive Chairman

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

computershare.com

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

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

Company Enquiries Investor Relations Media Enquiries Mark Read Joel Voss Joel Voss Chief Executive Officer Company Secretary Company Secretary Mark.Read@verbrec.com Investors@verbrec.com Investors@verbrec.com

About Verbrec Limited

Verbrec Limited (ASX : VBC) (Verbrec or the Company) a leading engineering, asset management, project delivery, operations & maintenance, training and mining technology service provider that supports customers across Australia, New Zealand, Papua New Guinea 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

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity VERBREC LIMITED ABN 90 127 897 689

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Brian O’Sullivan
Date of last notice	04/06/2024

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct & Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	BOS Australia Super Pty Ltd (as trustee for The BOS Super Fund) BOS Investments Australia Pty Ltd The nature of the director’s interest is as a beneficiary of the trust and super fund, director of the trustee companies and the entities are under the director’s control.
Date of change	10/12/2024

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change		Entity Name	# Securities
		Brian O'Sullivan	35,094,041
		BOS Australia Super Pty Ltd ATF The BOS Super Fund	13,575,000
		BOS Investments Australia Pty Ltd	23,751,738
		Total	72,420,779
Class		Ordinary shares
Number acquired		Entity Name	# Securities
		Brian O'Sullivan	0
		BOS Australia Super Pty Ltd ATF The BOS Super Fund	0
		BOS Investments Australia Pty Ltd	0
		Total	0
Number disposed		Entity Name	# Securities
		Brian O'Sullivan	7,692,308
		BOS Australia Super Pty Ltd ATF The BOS Super Fund	0
		BOS Investments Australia Pty Ltd	0
		Total	7,692,308
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		$0.13 per share

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change		Entity Name	# Securities
		Brian O'Sullivan	27,401,733
		BOS Australia Super Pty Ltd ATF The BOS Super Fund	13,575,000
		BOS Investments Australia Pty Ltd	23,751,738
		Total	64,728,471
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back		Off-Market trade of ordinary VBC shares.

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	-
Nature of interest	-
Name of registered holder (if issued securities)	-
Date of change	-
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	-
Interest acquired	-
Interest disposed	-
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	-
Interest after change	-

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?
If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 4

01/01/2011