Meeting Of Members Of Committee Of Inspection

Pindan Contracting Pty Ltd

ACN: 120076360

ABN: 51120076360

Pindan Group Pty Ltd

ACN: 611922386

ABN: 90611922386

Published: 3/9/2021

Agenda items are:

1. Provide an update on the proposal to refinance the Bankwest secured debt.

2. Provide an update on a possible Deed of Company Arrangement ( ' DOCA ' ) being discussed with Oxley Holdings Limited ( ' Oxley Holdings ' ).

3.Provide an update in respect of a potential claim against the Directors (either collectively or individually) and/or Oxley Holdings in connection with letters of support.

4. Provide an overview of the estimated return to creditors under the following scenarios:

5. Estimated outcome under a possible DOCA from Oxley Holdings; and

6. Estimated outcome if the Companies ' were placed into liquidation.

7. Discuss a proposed further extension of the convening period within which to hold the second meeting of creditors.

8. Consider and if thought fit determine the Administrators remuneration.

9. Any other business.

Ernst & Young

E-mail: scott.g.mcKinnon@au.ey.com