WESTSTAR INDUSTRIAL LIMITED — Capital/Financing Update 2019

May 5, 2019

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WestStar business SIMPEC awarded contract scope extensions

Highlights:

ASX Release • WestStar business SIMPEC Pty Ltd (“SIMPEC”) has added more than $5M in scope extensions to its current contracts across all SMP and E&I 6 May 2019 disciplines; • The scope extensions build on the original awards from SIMPEC’s current WESTSTAR clients including MSP Engineering and Iluka; INDUSTRIAL LIMITED ACN 119 047 693 • WestStar has now been awarded ~$48M of contracts during YTD FY19. WestStar Industrial Limited (“WestStar” or “the Company”) is pleased to advise its Suite 1 engineering contractor business SIMPEC has been awarded more than $5M in 437 Roberts Road Subiaco, WA, 6008 scope extensions to its current contracts in Western Australia. The bulk of this work is either underway or will commence imminently.

Tel: +61 8 9466 9018 The additional work follows on from previous announcements of contracts Fax: +61 8 9381 1122 awarded to SIMPEC, the most recent of which was the $10 million contract awarded by ATCO to supply and install the Electrical, Communications and Dry fire systems for an 800-room Mine camp at Fortescue Metals Group’s Eliwana mine site in the Pilbara, Western Australia.

Contact: Philip Re Bert Mondello

The SIMPEC team has grown substantially over the past 6 months with nearly 150 personnel and contractors now working across all of SIMPEC’s current contracts.

Directors: SIMPEC Managing Director Mark Dimasi noted: Lay Ann Ong Bert Mondello “These scope extensions are a direct result of our strong performance on Philip Re site. With safety at the forefront of everything we do, SIMPEC is Secretary: performing very well across all projects and working very closely with our Derek Hall clients. I take this opportunity to thank all our client personnel for their ongoing support and our team for performing extremely well on our Issued Capital: projects”. 615,754,616 shares

Outlook

ASX Symbol: With this award, the WestStar group has posted a year-to-date order total of

WSI ~$48M. SIMPEC continues to tender strongly for new work and expects outcomes from these tendering activities in due course.

For further information please contact:
Philip Re	Bert Mondello
Non-Executive Director	Non-Executive Director
pre@regencypartners.com.au	bmondello@regencycorporate.com.au

Suite 1, 437 Roberts Road, Subiaco, WA, 6008 www.weststarindustrial.com.au

WESTSTAR INDUSTRIAL LIMITED ASX ANNOUNCEMENT

About WestStar

WestStar Industrial Limited (ASX: WSI) is an Australian industrial conglomerate with a unique offering comprised of three specialist operating businesses: Precast Australia Pty Ltd (concrete fabrication) SIMPEC Pty Ltd (construction contractor) and Distinct Developments (property developer).

About SIMPEC

SIMPEC Pty Ltd is a construction contractor with specialist experience in both Structural, Mechanical and Piping (SMP), and Electrical and Instrumentation (E&I) works. SIMPEC’s core capabilities provide clients with a fully integrated solution with its key personnel having multidisciplined experience from design, fabrication, site installation, commissioning and asset management services, providing skills to deliver projects for all infrastructure, energy, mining, and oil and gas projects.

Suite 1, 437 Roberts Road, Subiaco, WA, 6008 www.weststarindustrial.com.au