Ann: FBR signs multi-home Wall as a Service contract, page-3

FBR signs multi-home Wall as a Service™ contract

Tuesday, 5 October 2021 – Robotic technology company FBR Limited (‘FBR’ or ‘the Company’) is
pleased to advise that the Company has entered into its first multi-home Wall as a Service™ contract to
supply Wall as a Service™ to a third-party residential property developer using the Hadrian X®
construction robot.

The contract pertains to a development site in St James, Western Australia, under which FBR will
construct the slab, footings, structural walls, second storey slab and roof trusses for eight two-storey
townhouses.

Work on the $5 million project will start as soon as practicable after all necessary approvals have been
granted, and will be completed at commercial rates with the Wall as a Service™ contract value in excess
of $0.5 million.

FBR’s Managing Director & Chief Executive Officer, Mike Pivac: “We are pleased to be adding this large
project to our pipeline of work, having spent the past 12 months introducing the Hadrian X® into the
real-world building environment to validate our game-changing technology with some prominent
Western Australian builders. Now that we have demonstrated all the benefits the Hadrian X® provides,
we are now going to ramp up the utilisation of our technology, while continuing the development work
at our R&D facility.”

FBR will also complete the walls of the second of five house structures in Wellard shortly.