Boart Longyear : Results of 2018 Annual General Meeting held 23 May 2018

Boart Longyear Limited

ABN 49 123 052 728

26 Butler Boulevard, Burbridge Business Park

Adelaide Airport

South Australia 5950, Australia

Tel: +61 8 8375 8375 • Fax: +61 8 8375 8498

www.boartlongyear.com

23 May 2018

Results of 2018 Annual General Meeting

Boart Longyear Limited (ASX:BLY)(Boart Longyear or the Company) announces that as required by ASX Listing Rule 3.13.2 and section 251AA(1) of the Corporations Act 2001 (Cth), the results of the Annual General Meeting held today are set out in the attached report and includes a summary of the poll voting results and votes by proxies on the items of business considered at the Annual General Meeting.

- ENDS -

About Boart Longyear

Established in 1890, Boart Longyear is the world's leading provider of drilling services, drilling equipment and performance tooling for mining and drilling companies. It also has a substantial presence in aftermarket parts and service, energy, mine de-watering, oil sands exploration, production drilling, and down-hole instrumentation.

The Global Drilling Services division operates for a diverse mining customer base spanning a wide range of commodities, including copper, gold, nickel, zinc, uranium, and other metals and minerals. The Global Products division designs, manufactures and sells drilling equipment, performance tooling, down-hole instrumentation and parts and services.

Boart Longyear is headquartered in Salt Lake City, Utah, USA, and listed on the Australian Securities Exchange in Sydney, Australia (ASX:BLY). More information about Boart Longyear can be found atwww.boartlongyear.com.To get Boart Longyear news direct, follow us onTwitter,LinkedIn andFacebook.

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BOART LONGYEAR LIMITED

ANNUAL GENERAL MEETING

Wednesday, 23 May, 2018

RESULT OF GENERAL MEETING

(ASX REPORT)

As required by section 251AA(2) of the Corporations Act 2001 (Commonwealth) the following statistics are provided in respect of each resolution on the agenda.

Manner in which the securityholder directed the proxy vote (as at proxy close):

Resolution

Votes For

Votes AgainstVotes Discretionary

Manner in which votes were cast in person or by proxy on a poll (where applicable)

Votes AbstainFor

Against

Abstain **

1

ELECTION OF MR ERIC WAXMAN

23,262,978,577

7,555,356

23,236,976,064

7,555,356

13,146,793 1,729,462

1,729,462

99.97%

0.03%

2

ELECTION OF MR RICHARD WALLMAN

23,266,257,811

4,275,122

23,240,713,452

4,275,122

12,688,639 1,730,462

1,730,462

99.98%

0.02%

3

ELECTION OF MR JAMES KERN

23,263,205,765

7,327,434

23,237,661,140

7,327,434

12,688,905 1,730,196

1,730,196

99.97%

0.03%

4

RE-ELECTION OF MR MARCUS RANDOLPH

23,264,931,641

5,595,818

23,239,151,444

5,595,818

12,924,477 1,735,936

1,735,936

99.98%

0.02%

5

ADOPTION OF THE REMUNERATION REPORT

23,214,266,317

32,324,227

23,199,454,585

32,324,227

11,956,012 3,256,283

13,256,283

99.86%

0.14%

6

APPROVAL OF BOART LONGYEAR MANAGEMENT INCENTIVE PLAN

23,213,981,857

32,766,263

10,498,518 1,689,481

23,237,336,095

32,766,263

1,689,481

99.86%

0.14%

7

APPROVAL OF MR JEFFREY OLSEN'S (CEO) PARTICIPATION IN THE MIP

23,215,222,368

30,707,158

11,567,105 1,525,173

23,229,645,193

30,707,158

11,525,173

99.87%

0.13%

8

APPROVAL OF ISSUE OF SHARES TO NON-EXECUTIVE DIRECTORS

23,228,927,715

21,730,518

5,054,242 1,729,138

23,246,837,677

21,730,518

99.91%

0.09%

** - Note that votes relating to a person who abstains on an item are not counted in determining whether or not the required majority of votes were cast for or against that item

1,729,138

This report was produced from the Link Market Services System

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