VERBREC LIMITED — M&A Activity 2009

Mar 9, 2009

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Market Announcement 10 March, 2009

LogiCamms Limited in merger and acquisition negotiations

LogiCamms Limited (“LogiCamms”) wishes to notify the market it is in discussions with two separate companies in relation to potential merger and acquisition opportunities.

At this point in time no legally binding arrangements are in place. Negotiations and due diligence are continuing.

At this stage it is anticipated that if the transactions are completed, LogiCamms’ revenue is likely to increase by approximately $15+ million per annum.

If completed, the consideration payable by LogiCamms is likely to involve a combination of cash and script. The quantum of the consideration has yet to be determined.

Given the substantial market uncertainties at present, there is no assurance the potential transactions will move to completion, but the company is using its best endeavours to draw the transactions to a positive conclusion.

LogiCamms will keep the market informed of material developments.

About LogiCamms Limited

LogiCamms is an industry leading national electrical engineering and control systems company servicing the Infrastructure, Energy & Utilities and Resources sectors.

LogiCamms currently provides a wide range of electrical engineering services along with specialised design, implementation and support of control systems. This work is highly specialised and involves the understanding and integration of multiple system components to deliver a fit for purpose solution which reliably and efficiently delivers on clients operational needs.

LogiCamms works both directly with its customers and with various engineering consultants, constructors and original equipment manufacturers.

LogiCamms Limited now has 7 offices throughout Australia, located in Perth, Brisbane, Adelaide, Darwin, Gladstone, Mackay and Whyalla.

For further information:

Adam Keats Managing Director LogiCamms Limited Ph: 0418818073