Changes in Transfield Services Board Composition

Transfield Services announced today that Luca and Guido Belgiorno‐Nettis will be retiring from the Transfield Services Board of Directors effective 30 August 2012.

As Executive Directors of founding shareholder Transfield Holdings, Luca and Guido have served on the Transfield Services Board since before the Company’s listing on the ASX in 2001. Their representation on the Transfield Services Board will be taken by Roy McKelvie, the recently appointed Chief Executive Officer of Transfield Holdings.

‘Guido and Luca were instrumental in the formation of Transfield Services in 1993 and its subsequent listing.

Both have made an immense contribution to the development of the Company,’ said Transfield Services Chairman Tony Shepherd AO. ‘With their deep knowledge of the industry and passion for the pioneering spirit of innovation, the brothers have been integral members of the Board and I thank them both, on behalf of Transfield Services.’

‘We have both valued the challenge of the remarkable journey of almost 20 years of Transfield Services and continue to feel confident about its future.’ the Belgiorno‐Nettis’ said.

The Transfield Services Board, with Luca and Guido Belgiorno‐Nettis abstaining, has appointed Mr McKelvie as a Director of Transfield Services, effective 31 August 2012.

Mr McKelvie’s expertise in engineering and financial markets will complement the Transfield Services skill base. He has more than 20 years’ investment management and private equity experience working for 3i, Deutsche Bank Capital Partners and Gresham Private Equity. Mr McKelvie holds a Bachelor of Science in Production Engineering from the University of Strathclyde (UK), an MBA from the University of Edinburgh Management School (UK) and has completed the Senior Investors Program at INSEAD in Paris as well as the Leadership Development Program at Ashridge Management College (UK).

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Transfield Services employs over 19,000 people across 18 industries and 10 countries. We are a global provider of operations, maintenance and construction services to the Resources, Energy, Industrial, Infrastructure, Property and Defence sectors.
We deliver asset management services across all phases of the asset lifecycle, from concept and creation, to services that sustain, optimise and enhance our Client’s assets. With diverse global experience and expertise, we share our knowledge and challenge thinking to develop and implement innovative solutions that deliver real value for our Clients. Our unique approach enables us to deliver continuous improvements in asset performance and sustain long term relationships with our Clients and partners.