ASX Announcement

10 December 2020

Change of Company Name

Verbrec Limited (ASX:VBC) a leading mid-tier engineering service provider, is pleased to announce that following shareholder approval at its AGM on Friday the 27th November 2020, the name change of LogiCamms Limited to Verbrec Limited has been processed by the Australian Securities and Investment Commission. The Company’s ASX ticker code will now be ASX:VBC.

The name change to Verbrec represents the evolution of several well-established companies that together have been delivering specialised services to the energy, infrastructure, and mining industries since 1988. Verbrec Limited, and the resulting corporate structure, will allow for the continuous expansion of our capabilities and further growth of our service offerings.

The Verbrec group of companies, wholly owned subsidiaries, include LogiCamms, OSD Pipelines and Competency Training. Each Verbrec company will continue to trade under their perspective company names, given their exceptional brand value and leading position within their specific markets.

“The Verbrec name brings together, under one brand, companies with over 30 years of experience in providing engineering and operations services to the mining, energy, and infrastructure sectors. The new corporate structure positions Verbrec perfectly for future strategic acquisitions, as well as organic growth,” said Verbrec Managing Director, Linton Burns.

The new name is effective immediately and will be implemented across the company’s wholly owned subsidiaries throughout the calendar year 2021.