VERIS LIMITED — Capital/Financing Update 2021

Nov 17, 2021

ASX / MEDIA RELEASE - VRS

18 November 2021

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Roy Hill selects Aqura for Private LTE Network Expansion in the Pilbara

• Private 4G LTE network expansion contract award spanning design, construction & commissioning by Aqura

• Follows on from the highly successful delivery of initial private LTE project earlier in 2021

• Leverages Aqura’s specialist in-house design and project execution capability

• $1.81M scope of works with commissioning scheduled by end of Q4 FY22

• Material contract value further solidifying FY22 pipeline

Veris Limited ( ASX: VRS ) is pleased to announce that wholly-owned subsidiary Aqura Technologies has been selected to support Roy Hill in the design, install and commissioning of an expansion of its advanced Private 4G LTE network at its Pilbara Iron Ore Mining Operations in Western Australia.

The new project builds upon Aqura’s highly successful first phase delivery of Roy Hill’s new Private 4G LTE network in May 2021.

The new $1.8 million project value leverages Aqura’s experience with Roy Hill in the first phase installation and commissioning. This new project further builds upon Aqura’s track record in delivering leading-edge, high performance Private LTE networks underpinning the digital transformation programs of large-scale operational activities in highly remote locations.

Aqura Technologies CEO, Travis Young was pleased to be able to continue the outstanding work already achieved with the Roy Hill team.

"We are very pleased to have our performance, quality and value-driven approach recognised by Roy Hill through the form of this new contract following the highly successful outcomes delivered in our initial engagement earlier this year," said Travis.

“The installation and successful commissioning of the first phase within such a short timeframe proved critical in the validation work of Roy Hill's Autonomous Haulage and broader digitisation programs.”

"Our in-house team is looking forward to continuing to extend the reach of the Roy Hill Private LTE network, which will accelerate the realisation of benefits from their Autonomous Haulage Systems and digital transformation initiatives."

“This project further builds upon Aqura's leadership in the delivery of high-performance, advanced Private LTE networks across resources, oil and gas and infrastructure projects throughout Australia.”

The project will commence with the design phase in November 2021 with scheduled completion to occur by June 2022.

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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.

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.

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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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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