Ann: Response to Media Article, page-2

NRW Holdings Limited – Response to media article In response to an article in today’s edition of The West Australian (page 19, “Another stellar day for NRW”) the Company issues the following statement. As announced to the market on the 18th February 2016, the Salini Impregilo – NRW JV has been appointed as Preferred Respondent and will now work with the Public Transport Authority to finalise the contract. Similarly, the exact composition of the JV is yet to be finalised and will be contingent on the final scope. NRW would also note that as announced by the Minister for Transport, the total project has an indicated value of circa $2 billion. This amount includes components that will be outside the JV’s stated scope of “design, construction and maintenance”. NRW will advise the market when all contract negotiations have been finalised. Kim Hyman Company Secretary