Ann: Contract Award and Scope Increase, page-2

Contract Award and Scope Increase

Dynamic Group Holdings Limited (ASX: DDB) (“Dynamic” or the “Company” ) is pleased to advise of a contract award to wholly owned subsidiary, Orlando Drilling Pty Ltd (“Orlando” . )

Highlights
• Reverse Circulation (“RC”. ) , Air Core (“AC” ) and Diamond Drilling (“DD” ) contract awarded – initial 12 month term
• Further scope expansion at current tier 1 goldfields project
• Additional revenue of between A$12m to A$16m per annum
• Western Australia relaxed border restrictions enabling access to domestic labour
• Investment made in securing international specialised labour

The newly awarded contract to Orlando is with Round Oak Minerals, a subsidiary of Washington H Soul Pattinson and Company Limited (ASX: SOL) at their Jaguar project, located in the Goldfields region of Western Australia. The initial term of this contract is 12 months, with provision for an extension of term.

Adding to Dynamic’s existing portfolio of long-term mining, construction, and exploration drilling projects, the contract has been awarded to Orlando for the purposes of RC, AC and DD drilling.

The combined value of the new contract, as well as additional scope on existing drilling projects unrelated to Round Oak Minerals, is estimated to generate between A$12m and A$16m of additional revenue per annum.

The new project provides the Company an opportunity to capitalise on its service capability across the Goldfields region and optimise its drilling operations for additional explorers and producers in the region when there is capacity.

Relaxed entry requirements to Western Australia have allowed the Company to re-engage East Coast based personnel for current and upcoming projects, helping mitigate the labour challenges currently being experienced within the industry.
Dynamic has also invested in sourcing heavy duty fitters (during 1HY22) with the required training and expertise from international jurisdictions and the Company looks forward to welcoming the personnel in the coming months.

Dynamic continues contract discussions which are at various stages with multiple parties.
The Company is experiencing a sustained and strong level of enquiry resulting in a significant pipeline of opportunities for short, medium and long term projects.