This document provides an investor update from Management Resource Solutions Plc regarding changes in the past year, including acquisitions, contract terminations, leadership changes, and new financing. It outlines the company's current divisions - Bachmann Plant Hire which provides bulk earthworks in Brisbane, and MRS Services Group which offers mining services in the Hunter Valley region of Australia. Biographical details are also provided for the new CEO.

1. Investor UpdateDecember 2016

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Disclaimer
2

3. A lot has happened in the last year:
– Acquisition of Bachmann Plant Hire
– Acquisition of SubZero (now MRS Services Group)
– Consulting business closed
– Loss making contracts terminated
– Former CEO and head office staff removed from the group
– New board members
– New equity and debt finance secured
Introduction
3

4. Consulting Division closed down during November 2016
Cost reduction $1.5m p.a.
PEAL contract (Papua New Guinea)
– Fuel farm facility for airstrip
– Net outstanding to MRS approximately $2.5m
Aiotec (New South Wales)
– Polypropylene Plant decommissioning
– Net outstanding to MRS approximately $3.8m
Both contracts terminated and in dispute
Low likelihood of recovery but no further cost being incurred
Former Consulting Division
4

5. MRS Today
– Bachmann Plant Hire
• Bulk earthworks provider
• Greater Brisbane Area growth corridor
• Clients include BMD Group, Pensar Civil, Katala Constructions, GW
Civil Contracting, Mcllwain Civil
– MRS Services Group
• Mining Services
• Hunter Valley mining cluster
• Clients include Rio Tinto, BHP Billiton and Glencore
MRS Going Forward
5

6. Joe Clayton – Chief Executive Officer
40 years experience in mining and 22 years leading mining operations
Qualified Mining Engineer, Graduate Australian Institute of Company Directors, Fellow of
Australian Institute of Mining and Metallurgy and Chartered Professional in Management
Mining career:
– 1976 to 1993 Coal Mining Operations
– 1993 to 2004 GM and Project Director of Contract Mining Operations
– 2004 to 2012 GM, Project Director, Country Manager of Mines and Developments
– 2012 to present Mining Services CEO and Executive Directorships
Successfully implemented major change management programs at some of the most
challenging mining operations in South East Asia.
CEO of SubZero Group through a restructure of the business with continuous positive trading in
Receivership to a successful sale to MRS.
Murray d’Almeida – Chairman
Over 35 years national and international business experience
Qualified Accountant and Fellow of Australian Institute of Company Directors
Founded ASX listed RFG in Australia and grew it to over 300 branches across seven countries
Significant ASX and AIM experience on 13 Boards
Extensive Government and NFP experience
Board of Directors
6

7. Timothy Jones – Finance Director
Almost 40 years experience in the oil and gas industry
Qualified Chartered Accountant
Extensive Public Company experience.
Chris Berkefeld
40 years experience in civil, mining and industrial services
Currently on the boards of Wagner Group, Hiway Group, Tellus Holdings Ltd and HSE Mining,
all companies associated with mining and civil operations.
Formerly 25 years with Brambles Industries Ltd in logistics, industrial services and waste
management including 5 years as Executive Director Brambles Europe and 6 years Managing
Director and CEO of BISCleanaway.
Former Deputy Executive General Manager of Leighton Mining
Board of Directors
7

8. Acquired February 2016
Located in Ipswich, near Brisbane, QLD.
The highest population growth area in Australia through the “Economic
Development Plan for Ipswich”, a government led drive to attract 235,000
new residents by 2031
Bulk earthworks provider to residential subdivision developers and public
authorities
Current construction estimated at 500 new homes per month, with
supporting retail, industrial, education and medical construction following
suit.
Bachmann Plant Hire
8

9. Bachmann: Operations Area
9

10. Bachmann: Revenue split by client
10

11. Founded in 1999, acquired October 2016
Provides a range of mining and resources services, primarily to the largest
mining companies, including:
– Maintenance support: heavy engineering, fabrication, machining and
maintenance/repair servicing
– Mining support: mine rehabilitation, water reticulation, bulk earthworks,
equipment hire, on site civil works
– Labour support: operators, tradesmen, white collar
Based in Muswellbrook, the heart of the Hunter Valley mining area, with:
– Broadest service offering
– Largest services group
– Largest off-site workshop in NSW
– Cranage support providing a unique competitive advantage.
The Hunter Valley exports 150Mt of coal pa through Port of Newcastle
Upturn in business as a result of the significant upturn in the price of thermal
coal over the last six months
Recently moved premises achieving significant reduction in rental cost
MRS Services Group
11

12. 12

13. MRS SG: Operations Area
13
Fabrication Mechanical Mining Labour

14. MRS SG: Revenue split by client and service
14
RIO Tinto
44%
Glencore
28%
BHP Billiton
21%
Bengalla
Mining
3%
Other
4%
Mining
32%
Fabrication
31%
Mechanical
25%
Automotive
6%
Industrial
Services
3%
Lineboring 3%

15. Coal Price Thematic
15Source: Index Mundi November 2016

16. Newcastle thermal coal
FOB total cash costs 2015
16Source: Wood Mackenzie – Coal costs benchmarking tool – January 2015
Clients highlighted
20% increase in contract labour since Jan 2015
Glencore / JPU contract USD$94.75/t

17. Bachmann
– Turnover approximately $26.33m
– EBITDA approximately $2.17m
SubZero (normalised)
– Turnover approximately $63.71m, businesses purchased $43.71
– Operating EBITDA approximately $3.08
Audit work still being finalised, target publication early January 2017.
Note: the figures above are unaudited and extracted from the management
accounts of the two businesses. The audited accounts to 30 June 2016 will
include losses and provisions for the former consulting business plus head
office and non-recurring exceptional costs and will not show a contribution
from MRS Services Group which was acquired after the year end.
Financial Expectations for FY16
17

18. 4. Recommendations
18
Majority of forecast revenue
for FY17 and FY18 subject to a
contract or closed book/panel
of suppliers. Where no
contracts are in place, the
revenue forecast is generally
PO based.
Bachmann plant hire sales are
subject to purchase orders,
whilst there are contracts in
place for Contract Jobs. As the
typical contract job is a 3
month term, 30% of forecast
FY17 Contract Jobs are
secured. Due to the short
term nature of Contract Jobs,
FY18 contracts will be up for
tender late FY17, therefore all
of FY18 Contract Jobs are
currently unsecured.
76%
20%
64%
24%
80%
36%
100%
–
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
FY17 (MRSSG) FY17 (BPH) FY18 (MRSSG) FY18 (BPH)
Secured Unsecured
Contracted Revenue

19. Shareholders on resumption of trading:
– Paul Morffew (former CEO) entities 19.8%
– Macquarie Bank 8.8%
– Bachmann Vendors 7.5%
– August 2016 placees (aggregate) 34.8%
– Daniella Athan 5.5%
Major Creditors
– Westpac - $15.8m
– Hermes Capital - $6m
Stakeholders
19

20. To be the provider of choice for
mining and civil services solutions.
Implementation:
Accretive growth through current opportunities
Cross sell solutions across the current geographic coverage with existing
and new clients
JV and strategic alliance opportunities
Compatible acquisitions
Vision
20

21. Regular charitable donations
Apprenticeship Training
JV with Indigenous business
Assisting with local council
graffiti clean up
Workforce support of
fundraisers for Breast Cancer
and Prostate Cancer
Social License
21

22. For further information contact:
Joe Clayton
Chief Executive Officer
joe.clayton@mrsplc.net
+61 437 763 477