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ADDRESS BY CHAIRMAN, RODERICK BROWN RCR TOMLINSON LTD 2011 ANNUAL GENERAL MEETING
3 November 2011 Good morning ladies and gentlemen. My name is Rod Brown, and as the Chairman of RCR Tomlinson Ltd it is my pleasure to welcome you to our annual general meeting for 2011. Before we begin todays proceedings, let me commence by introducing our non-executive directors. They are Eva Skira, Kevin Edwards and Paul Dippie. I am also joined by our Managing Director and Chief Executive Officer, Dr Paul Dalgleish, our Chief Financial Officer, Andrew Walsh and, the Company Secretary, Darryl Edwards. Also with us today are Tim Richards and Darren Hall from Deloitte Touche Tohmatsu, the companys auditors. It is pleasing to be able to report on a year of considerable achievement for RCR, one which saw your company: generate record revenue and earnings; successfully acquire one of Australias most prestigious Energy solution providers in AE&E Australia; and significantly strengthen its senior management at all levels.

In his second year as Chief Executive Officer, Paul Dalgleish has continued to ensure that RCRs dual objectives of growth and risk management receive equal focus. With Pauls focus also on careful capital management he has driven a further strengthening of the companys balance sheet, increasing our capacity to deliver on our growth strategy. Financial Performance FY2011 Paul Dalgleish will cover our FY2011 performance in more detail following the completion of the formal business of the meeting, but to summarise, the company delivered record earnings and a significant reduction in net debt.

ABN 81 008 898 486 | RCR Tomlinson Ltd Integrated Engineering Solutions in Mining Energy Resources Power

To briefly recap, some of the companys financial highlights in the 12 months to June 2011 were: Safety RCR remains committed to leadership in safety and continuous improvement of our safety systems, procedures and culture. As our workforce grows, it is essential that we continue to prioritise our ongoing commitment to safety as we strive to achieve the highest levels of safety performance. In the current year we strengthened our safety systems and processes and employed a safety auditor to audit compliance within those systems. Our SafetyMates program has enabled us to engage with our workforce on safety and to implement safety improvements as we continually strive for zero harm. In the 2011 financial year, in excess of 80% of RCRs workplaces were lost time injury free. Shareholder Returns Turning to returns for our shareholders, given our year of record revenue and earnings, the Board resolved to pay a final dividend of 3.75 cents per share, up 25% on the previous year. This dividend was paid on 22 October 2011 and represented a payout of 25% of net profit after tax. In addition to this, the RCR share price finished the year at $1.63 per share resulting in a Total Shareholder Return (TSR) increase in the year of 102.4% a highly respectable result and well above our industry peers. Board and Governance In our efforts to balance the needs and expectations of our shareholders and the wider community, the Board is continuing to develop RCRs Corporate Governance Practices. During the past year, we saw the sudden and tragic passing of non-executive director Jeffrey Hogan. During his time at RCR, Jeffrey provided significant experience and advice and contributed greatly to the development of both the company and many of our people at all levels. Together with the Board, I would like to acknowledge and recognise this significant contribution. More recently we welcomed Paul Dalgleish to the Board as Managing Director, this marks an important step in the companys ongoing development and our plan to expand and strengthen the Board composition to further RCRs growth strategy. Net profit after tax increased 25% to $19.5 million Net debt reduced from $23.1 million to $6.5 million Revenues increased 11% to $607 million Dividend increased 25% to 3.75 cents per share, and Underlying operating margins improved to 4.6%

Strategy I also take this opportunity to update on our strategic planning. We will continue to focus on positioning our four division strategy; Mining, Energy, Resources and Power, to enhance our client relationships, leverage our intellectual property rich businesses into delivery of turnkey solutions and target tier one contractor status in our core markets. We are pursuing both organic and acquisitive growth to boost our capabilities in key areas, enabling us to deliver our strategic plan. Our priority is to seek out and grow our order book with larger contracts that will ultimately result in improved security of earnings. RCRs Board and management are committed to delivering on these goals. The winning of a major contract for Newcrest at its Cadia Operations in New South Wales last year and the award of our largest ever single contract yesterday, for Fortescue at the Solomon Iron Ore Project in Western Australia, is testament to the effort being expended on achieving these goals. These major contracts, together with our existing clients, have re-affirmed RCRs position as a tier one engineering company in the Resources, Mining, Power and Energy sectors, with exciting prospects for growth. The acquisition, during the year, of the business of AE&E Australia, a leading Energy solutions provider, is also an example of our ability to identify strategic opportunities which will enable RCR to position for major contracts in the Energy market and strengthen our revenue generating ability. Outlook Looking ahead, RCR is well placed to benefit from the upswing in project spending by companies in the resources and energy sectors in Australia. The strength of RCRs four divisions and our dedication to supporting clients needs through the delivery of turnkey solutions places the Company at an advantage in winning contracts, as evidenced by yesterdays award from Fortescue. Theres no doubt that the outlook for 2012 remains strong, with high levels of tendering activity and increased activity across all businesses and in most of our regional centres. In summary, I am confident RCR is in good shape to capitalise on the pipeline of opportunities available to us and am optimistic about the companys long-term prospects.

Acknowledgements Finally, I would like to acknowledge my fellow Directors for their ongoing dedication and support. Under the leadership of Paul Dalgleish, RCR has emerged as a more clearly-focussed and optimistic company. We have a strong balance sheet and a robust management team, and as evidenced by our latest contract win we are also well placed to take advantage of the many new opportunities that are emerging in the regions and sectors in which we operate. Final thanks go to our workforce for their remarkable energy and commitment, and also to you, our shareholders, for your continued support and contribution to the companys growth. -Ends-