VERIS LIMITED — Capital/Financing Update 2011

Dec 22, 2011

OTOC Limited

ASX ANNOUNCEMENT 22 December 2011

OTOC LTD FY12 WORK IN HAND EXCEEDS $114M

Key Points

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• $9M in contract award for Camp Design and Construction for the API West Pilbara Iron Ore Project

• OTOC FY12 contracted work now at $114M, with capacity to undertake additional works.

OTOC Limited (ASX: OTC) (“OTC”) is very pleased to announce that its 100% owned subsidiary OTOC Group Pty Ltd (“OTOC”) has been awarded a contract as a equal partner in O & A Camp Solutions with its share equaling $9M. The contract is for the Design, Supply and Installation of Stage 1 being 70 rooms and central facilities for an Exploration Camp on the API West Pilbara Iron Ore Project.

OTOC have now secured work in hand to a value of $114M for FY12 with capacity to undertake further work before year end.

For further information please contact:

Mr Adam Lamond

Managing Director, OTOC Group Pty Ltd Telephone: (08) 9317 0600

ENDS

www.emersonstewart.com

www.otoc.com.au www.whelans.com.au

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