Contract Award

• Subsidiary Primero Group awarded contract for Hope Downs 2 Satellite & Bedded Hilltop Non-Process Infrastructure
• Contract includes design, supply, installation, construction, testing and commissioning
• Contract scheduled for completion in December 2026

NRW Holdings Limited (ASX:NWH) has announced that its wholly owned subsidiary Primero Group Limited (Primero) has been awarded a contract by Rio Tinto for the Hope Downs 2 Satellite & Bedded Hilltop Non-Process Infrastructure (NPI) Facilities. The contract forms part of the Hope Downs 1 Sustaining Project. Under the contract, Primero will be responsible for the design, supply, installation, construction, testing commissioning and handover of NPI works required for the Rio Tinto Hope Downs 1 Operations in the Pilbara region of Western Australia. The contract has an approximate value of $157 million and is scheduled for completion in December 2026. Design and procurement work will commence immediately with site works expected to commence in Q4 2025, once all external approvals have been granted. Primero's Managing Director, Michael Gollschewski, stated that the award represents the continuation of the company's long-term relationship with Rio Tinto through the delivery of world-class infrastructure projects. NRW's CEO & Managing Director, Jules Pemberton, said the contract reinforces Primero's reputation as a leading provider of engineering and construction services.