• Subsidiary MI Scaffold secures 3-year contract with BMA, with 1-year extension option
• Minimum revenue of $60 million over full term, with potential to increase by up to $4 million per annum
• Contract covers BMA's Bowen Basin coal mines and Hay Point Coal Terminal

Acrow Limited (ASX: ACF) is pleased to announce that its 100% owned subsidiary, MI Scaffold, has secured a significant contract renewal with the BHP Mitsubishi Alliance (BMA). This contract extends a 10-year relationship between the two groups and reinforces Acrow's strong position in the Industrial Access sector. The contract has an initial term of three (3) years, with an additional one-year extension option. The agreement guarantees a baseline revenue of approximately $15 million per annum, equating to a minimum value of $60 million over the full term of the contract. Additionally, there is scope to increase the baseline revenue by up to $4 million per annum. The agreement covers BMA's Bowen Basin coal mines and Hay Point Coal Terminal, at Mackay. It will include both the provision of equipment and labour hire, to support maintenance and shutdown access work. The new contract will be implemented progressively as existing agreements expire and there are no material conditions that need to be satisfied prior to commencement. This contract will play a key role in underpinning MI Scaffold's business over the next four years, representing at least 35% of branch revenue at its minimum value.

The contract guarantees a baseline revenue of approximately $15 million per annum, equating to a minimum value of $60 million over the full 3-year term. Additionally, there is scope to increase the baseline revenue by up to $4 million per annum.