ASX Release

17 November 2016

GE and UGL sign 10 year extension to their long-standing Rail Alliance agreement strengthening their combined rail offer in Australia Sydney: UGL Limited (ASX: UGL) today announced that it has signed a 10-year extension, to the existing agreement with GE for the sale and distribution, support and maintenance of locomotives, parts and associated technology and services in Australia.

Having worked together since the 1970s, this agreement extends the GE-UGL Rail Alliance to 2029 and represents a strong commitment, by UGL and GE to the Australian rail market.

Combining the technology and expertise of GE with the in-country design, manufacturing, maintenance and support capabilities of UGL, the Alliance offers the best locomotives, services and support for Australia's demanding conditions, environments and requirements.

Using GE technology, UGL offers a design, manufacture and maintenance proposition unique in the Australian rolling stock industry.

UGL CEO Ross Taylor said, "This is an important, long-term Alliance for UGL and GE, built on proven experience, combined capabilities and our shared focus and commitment to meeting our customers' operational and business objectives."

Further, this agreement demonstrates GE's and UGL's on-going commitment to Australia and to making a sustainable contribution to local jobs and skills, industry and communities.

ENDS www.ugllimited.com Page 1 of 2

FOR FURTHER INFORMATION CONTACT:

Rebecca Hill

EGM Investor Relations & Corporate Development UGL Limited

+61 2 9492 1431

rebecca.a.hill@ugllimited.com

Carrie Barrack

Group Investor Relations & Corporate Affairs Manager UGL Limited

+61 2 9492 1510

carrie.barrack@ugllimited.com

Ross Taylor

CEO

UGL Limited

+61 2 9492 8802

ross.taylor@ugllimited.com

Media please contact: Fleur Jouault GRACosway

+61 2 8353 0419

+61 405 669 632

www.ugllimited.com Page 2 of 2

UGL Limited published this content on 17 November 2016 and is solely responsible for the information contained herein.
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