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M/V Ocean Shearer Concludes Sea Trials

April 11, 2016

ASX Announcement

Wellard announces that its new vessel the M/V Ocean Shearer has concluded three days of sea trials. The trials were successful and the vessel performed to Wellard’s expectations. Successful sea trial completion paves the way for the vessel’s final commissioning, issuance of relevant
certificates and to enter into service, which is expected to occur by the end of April.

For further information:

Investors
Mauro Balzarini, Managing Director
Greg Wheeler, Finance Director
Phone: + 61 8 9432 2800

Media
Cameron Morse, FTI Consulting
Phone: + 61 8 9485 8888
Mobile: +61 (0) 433 886 871

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