Investor Presentaiton

Expansion Plans Update Americas: • Brazilian company setup in the final stages Due diligence to continue on a smaller acquisition in Brazil A client system changeover / administration issues have continued to delay orders for Vale Africa: VR Steel acquisition did not proceed due to the underlying fundamentals of the deal changing significantly during the diligence period as well as other financial issues which could not be resolved Both parties have agreed to continue building on the strong relationships that have been formed, with the intent to collaborate on new opportunities in respective regions (already underway with orders received by Austin for VR products and VR promoting Westech products in Mozambique) South Africa still part of our expansion plans Australia: Negotiations are continuing on the two acquisitions previously announced. The market will be updated as material developments arise Must be EPS positive, no debt used and bring new IP / in-house manufacturing to the group • COR Cooling is considering some smaller strategic acquisitions austinengineering LTD www.austineng.com.au

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