Ann: Appendix 4E - Preliminary Final Report, page-2

This is a solid outcome for EVZ considering the previous 5-6 years. We have to go back to FY2009 to see a better result.

It would appear the problems associated with some poor acquisitions is now past them and they can focus on growth.

The result would have been better without the negative contribution from Energy. So this needs to be resolved one way or another this FY. Pleasingly finance costs have almost halved with the $7 million debt forgiveness from CBA. I would like to think that with an order book of $77 million, EVZ can lower the outstanding loan ($6 million) over this FY.

I said before that one swallow does not make a summer but it appears the sun is going to shine back on this company. For all LT holders, lets hope we get rewarded with growh in the SP.