VERIS LIMITED — Capital/Financing Update 2021

Oct 25, 2021

ASX / MEDIA RELEASE - VRS

26 October 2021

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Aqura Technologies awarded 3-year Managed Services Agreement to support accommodation village entertainment networks across 17,000 additional rooms in the Pilbara

• $1.4 million, 3-year Managed Services Agreement

• Aqura’s technical expertise to support multiple Accommodation Village Entertainment Systems and Networks

• Aqura’s bespoke solutions will support integrating facilities and mining service operations

• • Following this new award, Aqura now manages Accommodation content access and entertainment networks across circa 31,000 accommodation rooms

Veris Ltd (ASX:VRS) is pleased to announce that wholly-owned subsidiary, Aqura Technologies , has been awarded a new 3-year Managed Services Agreement by global technology service provider, DXC Technology, to manage the content access and entertainment networks throughout 17,000 rooms across multiple accommodation villages in the Pilbara for a global tier 1 miner. Under the terms of the new agreement, Aqura will be working closely with DXC Technology as the facilities manager for the respective villages.

The number of remote accommodation rooms that Aqura Technologies supports under its Content Access Networks managed services model is now approximately 31,000. This has increased significantly following the new contract award.

The scope of the engagement will see Aqura’s in-house specialists provide remote and field-based support to ensure the efficient operation and upgrades of the end clients Video Entertainment System (VES), network distribution and Wi-Fi networks. In addition, the Managed Services Agreement will see Aqura providing large scale Managed Wi-Fi, Distribution networks (Fibre-optic & DOCSIS), MATV (free to air TV) and Network management platforms which integrate to provide a seamless, and positive user experience.

Aqura Technologies CEO, Travis Young, commented:

“This engagement is a significant recognition of Aqura's capability and specialist skill-set in the management of the efficient operation of large-scale content access networks in remote areas.”

"This new engagement is a great endorsement of the expertise of our Australian-based, in-house engineering and field-based operational teams to ensure the village entertainment systems and networks of our customers operate reliably – day or night.

“The management of 31,000 accommodation rooms across multiple villages, for a range of end-clients, is a unique position for an Australian business. It is a great reflection of the strength of our in-house product development teams that have developed the technology that enables the optimisation of an in-room end-user complete content access experience remotely" said Mr Young.

"We firmly believe that village entertainment, content and communications networks are a critical foundation to support FIFO worker wellbeing. You can not underestimate the importance of being able to relax or communicate with loved ones when working away from home for extended periods. Aqura’s complete content access network technology enables ease of choice for employees in remote settings to bring their own content and communication apps and enjoy a consistently high-quality experience."

The agreement will commence immediately.

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About Aqura Technologies

Veris Limited is the Group’s holding company that is listed on the ASX under the code VRS.

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 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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