VERIS LIMITED — Capital/Financing Update 2021

Dec 1, 2021

ASX / MEDIA RELEASE - VRS

2 December 2021

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Veris secures contract for Sydney Metro West project

• Veris Australia awarded significant Central Tunnelling Package contract as part of the Sydney Metro West project

• Delivery of Subsurface and Utility Investigations over five proposed station locations

• Contract delivery incorporates Veris Australia’s bespoke data management platform

• Builds on extensive delivery record on Sydney Metro

Veris Limited ( ASX: VRS ) is pleased to announce that its wholly owned subsidiary, Veris Australia, a leading provider of spatial data services, has been awarded a contract of approximately $1 million to provide Subsurface and Utility Investigations services as part of the Sydney Metro West, Central Tunnelling Package.

The services, to be provided to Acciona Construction Australia Pty Ltd and Ferrovial Construction (Australia) Pty Ltd Joint Venture for the Central Tunnelling Package have an expected duration of three months, with works set to commence immediately.

The services will include Utility Investigations over five proposed station locations requiring QL-B Locating and Surveying, Slit Trenching and CCTV Dilapidation Surveys, which will be untaken by Utility Locators and Utility Surveyors from Veris Australia.

The project is looking to adopt an innovative way of providing reporting to the client, establishing a bespoke spatial data management platform for the management of the data and documentation deliverables.

The contract award continues Veris Australia’s successful involvement on Sydney Metro, where it has an extensive record of project delivery on numerous stages of Australia’s biggest public transport project.

Sydney Metro West will double rail capacity between Greater Parramatta and the Sydney CBD, with customers able to get from Parramatta to the Sydney CBD in around 20 minutes on a fast, safe and reliable driverless metro train. AUD$1.96 billion contract has been awarded to the Acciona Construction Australia Pty Ltd and Ferrovial Construction (Australia) Pty Ltd Joint Venture, to start tunnelling on the mega Sydney Metro West project.

Michael Shirley, Chief Executive Officer, Veris Australia commented:

“This is another great project win for our team in Sydney and is testament to the expertise and delivery record of our team in Subsurface Utilities Investigations for major transport infrastructure projects. It is the single largest package of subsurface and utilities investigation carried out by Veris in NSW.

“It demonstrates our continued capacity to support the delivery of the Sydney Metro, which to-date has included including the recent contract award for Southwest Metro Upgrades, as well as the delivery of Sydenham Station and Junction upgrades, Waterloo Station and Integrated Station Development, Sydney Metro City & Southwest (Stage 2) station excavations, and Sydney Metro Northwest and look forward to further opportunities on this project.”

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About Veris Limited

Veris Limited is the Group’s holding company that is listed on the ASX under the code VRS. Veris Limited has two wholly owned operating divisions, Veris Australia and Aqura Technologies.

Corporate

Level 12, 3 Hasler Road T 08 9317 0600 Osborne Park veris.com.au WA 6017 aqura.com.au

Veris Australia Pty Ltd ABN 53 615 735 727

Aqura Technologies Pty Ltd ABN 34 128 703 248

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Veris Australia is Australia’s leading provider of spatial data services across the infrastructure, property, resources, defence, utilities and government sectors. Veris Australia provides an end-to-end spatial data solution for its clients that not only includes data collection, analysis, interpretation but also data hosting and access, modelling, sharing and insights for clients with large-scale data requirements.

Aqura Technologies is a specialist in the delivery of high-performance technology solutions across industrial wireless, enterprise communications and next-generation IoT which are critical for organisations with the adoption of digital transformation. Aqura is known for innovation, whether it is our technology approaches such as Private 4G and 5G LTE networks and or our commercial approaches which now offer in-house developed technology solutions via flexible As-A-Service models. Aqura’s markets include resources, oil & gas, industrial, commercial and defence sectors.

Authorised for release by the Board of Veris Limited.

Issued by Veris Limited For further information please contact: Veris Corporate Office - Telephone: (08) 9317 0600

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