Programmed Maintenance Services : Appendix 3B and Cleansing Notice

General / Investor Enquiries

General / Investor Enquiries

Media Enquiries

Chris Sutherland

Stephen Leach

Ashley Rambukwella

Managing Director

CFO

Financial & Corporate Relations

Telephone: +61 8 9216 2123

Telephone: +61 8 9216 2171

Telephone: +61 407 231 282

Name of entity

PROGRAMMED MAINTENANCE SERVICES LIMITED

ABN

61 054 742 264

1

+Class of +securities issued or to be issued

Fully paid ordinary shares

2

Number of +securities issued or to be issued (if known) or maximum number which may be issued

2,892,050 fully paid ordinary shares issued under the Company's Dividend Reinvestment Plan (DRP).

4,755,801 fully paid ordinary shares issued under the Company's DRP Underwriting Agreement with Macquarie Capital Limited dated 7 July 2016 (Underwriting Agreement).

3

Principal terms of the

+securities (e.g. if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if

+convertible securities, the conversion price and dates for conversion)

The shares are issued on the same terms as the Company's existing fully paid ordinary shares.

4

Do the +securities rank equally in all respects from the +issue date with an existing +class of quoted +securities?

If the additional +securities do not rank equally, please state:

• the date from which they do

• the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

• the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

Yes. The shares issued rank equally with existing fully paid ordinary shares.

5

Issue price or consideration

$1.63 per fully paid ordinary share issued to participants in the DRP.

$1.63 per fully paid ordinary share in accordance with the Underwriting Agreement.

6

Purpose of the issue

(If issued as consideration for the acquisition of assets, clearly identify those assets)

The shares have been issued in accordance with the DRP and the Underwriting Agreement, for the final dividend (for the financial year ended 31 March 2016) paid on 26 July 2016.

6a

Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A?

If Yes, complete sections 6b - 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i

No

6b

The date the security holder resolution under rule 7.1A was passed

N/A

6c

Number of +securities issued without security holder approval under rule 7.1

N/A

6d

Number of +securities issued with security holder approval under rule 7.1A

N/A

6e

Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)

N/A

6f

Number of +securities issued under an exception in rule 7.2

N/A

6g

If +securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the

+issue date and both values. Include the source of the VWAP calculation.

N/A

6h

If +securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements

N/A

6i

Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements

N/A

7

+Issue dates

Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A.

Cross reference: item 33 of Appendix 3B.

26 July 2016