VERIS LIMITED — Earnings Release 2013

Jun 24, 2013

ASX/NEWS RELEASE – OTC

25 June 2013

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TRADING UPDATE AND EARNINGS GUIDANCE

OTOC Limited (ASX: OTC) wishes to provide a trading update and earnings guidance for the year ended 30 June 2013.

OTC is pleased to announce that it expects to record improved earnings in FY2013 despite the current subdued conditions in the resources sector. Based on unaudited management accounts and current projections, OTC expects FY2013 EBIT to exceed FY2012 EBIT (FY2012 EBIT $7.2 million).

Key drivers of this growth in EBIT are:

• OTC’s strong relationships with blue-chip customers in the North-West has enabled OTOC Australia to secure new construction work despite generally weaker industry conditions;

• Diversification into the government sector following the award of the Nauru Processing Centre contract;

• Improved operating margins in OTOC Australia’s Resources Construction division. Construction projects have been better managed following the introduction of improved management controls, management systems and additional experienced management over the last 12 – 18 months; and

• Sound performance by Whelans Australia, which continues to generate consistent revenue and earnings.

OTOC’s CEO, Mr Adam Lamond said : “OTC is pleased to report profit growth in the context of weaker conditions in the resources sector. Our entry into the government sector with the Nauru contract complements our resources construction expertise and provides OTC with a diversified revenue base which will help shelter OTC’s earnings from any prolonged downturn in the resources sector. OTC has a strong order book and outlook into FY2014 underpinned by committed contracts with Rio Tinto and the Government sector”.

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About OTOC

OTOC Limited is a leading provider of resources and infrastructure services through its wholly owned operations OTOC Australia and Whelans.

Established in 2003, OTOC Australia specialises in the installation of mine site and remote area infrastructure for government, mining and oil and gas projects. OTOC Australia has a successful track record of delivering turnkey infrastructure solutions for blue-chip clients including BHP Billiton, Rio Tinto and FMG.

Whelans is a leading consultancy in the provision of surveying, mapping and town planning, with a focus on the resources sector. Whelans has 160 professional staff operating from offices in Perth, Karratha, Broome, Kununurra and Kalgoorlie.

For further information please contact

Adam Lamond Brian Mangano Lisa Wynne OTOC Limited CEO, OTOC Limited CFO, OTOC Limited Company Secretary ACN 122 958 178 Tel (08) 9317 0628 Tel (08) 9317 0633 Tel (08) 9476 4500 Level 12, 3 Hasler Road Osborne Park WA 6017

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