VERBREC LIMITED — Earnings Release 2012

May 23, 2012

ASX Announcement 24 May 2012

LogiCamms Set for Strong 2012 Result

Australian engineering, project delivery and asset management services provider, LogiCamms Limited, is pleased to announce that it expects to achieve material earnings growth in Financial Year 2012.

LogiCamms expects revenue growth in the second half of Financial Year 2012 in the order of 20% compared to the first half. Furthermore, earnings before interest tax & depreciation (EBITDA) margin is expected to exceed 10% for the second half of Financial Year 2012. Accordingly EBITDA performance for the full Financial Year is expected to exceed $11.0m.

The expected full year 2012 EBITDA reflects significant growth in the second half, exceeding the first half by more than 50%. During the first half the Company recorded revenue of $56.1m, EBITDA of $4.3m and Net Profit After Tax of $4.7m.

LogiCamms’ Managing Director, Steve Banning, said the Company is pleased that the strong first half year results have been built upon and exceeded in the second half.

“We are pleased that the work of the past 12 months in building a solid foundation for growth is now delivering. The Company is in good shape and our robust results reflect the strength of our people, core industries, expanding capabilities, and a company-wide commitment to our strategy, Vision and Values,” Mr Banning said.

“Our pursuit of key customers, projects, and longer term relationships in mining, hydrocarbons and infrastructure industries is on the right track. LogiCamms is in a strong position to continue building on this growth to become a market leader in engineering, project delivery and asset management services,” he said.

The above reference to EBITDA is unaudited and unreviewed and is intended to provide a measure of financial performance before the impact of non-cash expense items such as equity settled transaction and depreciation and amortisation, as well as interest income and expenses.

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Further Information Mr Matthew Adamo Chief Financial Officer +61 7 3058 7000

About LogiCamms

LogiCamms operates in the mining and minerals, hydrocarbons, infrastructure and specialist industries. The company provides multidiscipline engineering, project delivery and asset management services to enhance the long-term value of new and existing operational assets.

The business operates offices across Australia including Perth, Brisbane, Adelaide, Melbourne, Darwin, Gladstone, Mackay and Whyalla. The company’s Vision is to be a market leader delivering outstanding customer solutions.

Engineering | Project Delivery | Asset Management

LogiCamms Limited

Share Registry

ASX:LCM ACN 127 897 689

www.logicamms.com.au

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