HRL : Shareholder Update and New Contracts Awarded

ASX Announcement‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌

HRL Holdings Limited

Level 8 Waterfront Place, 1 Eagle Street Brisbane Queensland 4000, Australia

GPO Box 216

Brisbane Queensland 4001, Australia

Tel [phone]

Email [e-mail]

16 May 2017 Shareholder Update and HRL Group Awarded New Contracts HIGHLIGHTS

• New acquisitions performing well and integration is underway

• OCTIEF awarded another major contract with Northern Territory Government

• Morrison Geotechnic secures new 3-year service agreement with Queensland Department of Transport and Main Roads

• OCTFOLIO granted approved contractor status with South32 to provide asbestos software services

Business Integration - Morrison Geotechnic

Morrison Geotechnic has performed well in April, being the first month after settlement. Our executive team have visited all three sites and the enthusiasm of the Morrison team has been appreciated. The integration of the business is now underway and areas of cooperation between existing HRL businesses have been identified. Morrison and OCTIEF are jointly undertaking their first client project on a contaminated land project in Brisbane in May demonstrating the strong opportunities available for collaboration.

Northern Territory Department of Housing and Community Development

OCTIEF Pty Ltd (OCTIEF), has been awarded a significant contract by the Northern Territory Department of Housing and Community Development to carry out asbestos surveys across a range of public housing assets throughout the Darwin, Casuarina and Palmerston regions of the Northern Territory.

The Department of Housing and Community Development was established by the Northern Territory Government in September 2016 from the former Department of Housing and the Department of Local Government and Community Services. The government formed the department to bring together many of the key functions that provide services in affordable and accessible housing, local government and community development across the Northern Territory.

The contract is expected to be completed over a 6 month period and be serviced out of the Darwin branch. Laboratory sample analysis will also be undertaken by the Darwin branch to keep the entire process in-house, ensuring both quality and efficient turnaround times.

The Department of Housing and Community Development contract further strengthens OCTIEF's relationship with the Northern Territory Government. OCTIEF's Darwin branch has enjoyed regular ongoing works with a number of Northern Territory Government departments to complement its private sector works in the region.

Queensland Department of Transport and Main Roads

Morrison Geotechnic Pty Ltd (Morrison Geotechnic), has executed a new service agreement with Queensland Department of Transport and Main Roads. The agreement allows Morrison Geotechnic to operate as a service provider for the Department of Transport and Main Roads across projects throughout Queensland.

The service agreement runs for a period of 3 years and has two one-year extension options, and covers both field geotechnic engineering and laboratory services.

The Queensland State Government has a current $10.7 billion Capital Program of which $4.388 billion is allocated to transport and roads. This new service contract provides important strategic exposure for HRL.

South32

OCTFOLIO Pty Ltd (OCTFOLIO) has been granted approved contractor status with South32. South32 will utilise the OCTFOLIO software platform for its asbestos registers on their Cannington and Groote Eylandt assets in Queensland and the Northern Territory respectively.

These new agreements demonstrate HRL's ability to win large scale competitive contracts, by consistently delivering safely executed projects, on time and to budget which add value to our clients.

As part of its strategy, HRL will continue to aggressively target government and large corporate based projects in both Australia and New Zealand as they:

• are typically longer term;

• demand the higher levels of service and reporting that the HRL Group are known for;

• are of a scale that smaller "cut price" operators cannot service; and

• provide consistent revenue in an industry which has volatile demand from the private sector.

The contract values are commercial in confidence and therefore have not been disclosed.

An investor presentation follows.

For further information contact: Mr Steven Dabelstein

CEO

Ph: [phone]

[e-mail]

HRL Holdings (ASX:HRL)

Investor Presentation | May 2017

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Company Overview

Emergent company in the growing environmental services industry

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