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Wellard is an important link in meeting rising global demand for protein through the supply of quality livestock to consumers throughout the world. The purpose-built, technologically advanced livestock vessels that we charter to exporters and importers throughout the world, combined with a specialist livestock crew, ensure optimal welfare outcomes for the livestock on-board and a quality product our customers.

MV Ocean Outback Update

January 5, 2016

ASX Announcement

Wellard Ltd (ASX:WLD) provides the following update on the M/V Ocean Outback.

Technicians working on one of the vessel’s engines near Perth late yesterday encountered previously undetectable issues which cannot be rectified using the mobile equipment Wellard had contracted to undertake the repairs to the affected engine. As the repairs will take longer
than anticipated and cannot be undertaken in Australia, the original plan to repair the second engine and sail to Israel is no longer the preferred solution.

Wellard is presently investigating the best alternative that provides optimal outcomes for animal welfare, the vessel’s charterer and the Company, and is in the process of working through a number of options with important stakeholders. When the preferred option is
agreed and approved, Wellard can then assess the impact on its shipping schedules to determine any financial consequences.

The livestock on board the vessel remain in good condition and the important livestock services (feed, water and ventilation) have not been impacted by the mechanical issue.

Media contact:
Cameron Morse, FTI Consulting
Phone: + 61 8 9485 8888
Mobile: +61 (0) 433 886 871

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