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What’s inside.

As part of BOOM's expansion and delivery of a unique class of lifting solutions across Australia, the company’sC.E.O. Rod Harmon, pictured above, recently announced the addition of another 36 cranes and 53 employees.

More contractors calling onBOOM for lifting solutions.Companies and contractors using

crane hire services are continuing tosupport the expansion of BOOM's

growing fleet of cranes and expanding network of depots.

BOOM, which offers lifting solutions acrossAustralia, is continuing to reach out further,so that the company's special standard ofservices are easily available to more customers.

The company announced, on the 27thJanuary 05, the latest expansion phase, theacquiring of the crane hire operations ofBrambles Australia Limited, based inQueensland.

The division, known as Brambles BowenCranes, has its activities based in the BowenBasin, in Queensland.

The fleet of 36 cranes and numerous trucksis spread across three depots, located atBlackwater, Dysart and Moranbah. Thesedepots expand the existing BOOM operations in Queensland which are located

at Beenleigh, Hendra and Toowoomba.

The acquisition move also aligns BOOM ina stronger way with the bourgeoningAustralian coal mining industry.

"Customers are asking us to meet their

needs elsewhere in Australia because of ourdifferent and special standards of safety andservice. In fact most of our work is coming from customers who choose to enterinto long term contracts with us,” saidBOOM CEO, Rod Harmon.

Safety is BOOM Logistics’ number one prior-ity ... and when the CraneSafe system wasintroduced, BOOM Logistics immediatelytook the initiative and introduced theCraneSafe programme and applied it to thenational fleet of over 350 cranes.

CraneSafe, an initiative of the Crane IndustryCouncil of Australia, with the support of otherbodies including government departmentsand construction unions, it was set up to establish a structured crane inspection regime.

CranesSafe is working well toward improvingcrane equipment and raising safety standards.

The CraneSafe system is still to be recognisedin all states but BOOM Logistics adopted a

CEO’s column Page 2

Cranes arrive well prepared. Page 3

Tower cranes, rank No. 1 Page 3

Value package ensures safety. Page 6

Share market shows respect. Page 6

Heavy haulage. Page 6

BOOM, only crane company to adopt CraneSafe nationwide.

policy to embrace the CraneSafe Inspectionregime in all states.

The programme is based on a network ofindependently accredited CraneSafe inspectors who inspect and report on companyequipment.

The annual inspection is designed to detectany faults and have them rectified so thatequipment can be accredited to the CraneSafestandard.

Once cranes are accredited to CraneSafe standards, green stickers are issued for affixingto the crane. This then gives customers andcrane users an assurance that BOOM are usingquality equipment.

BOOM Logistics Ltd ABN 28 095 466 961 www.boomlogistics.com.au Issue No.1

Ph: 1300 36 2666

The newsletter of

BOOM

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BOOM has been rising to greaterheights practically non-stop since itwas launched as a public company in

October 03. Three key points have helpeddeliver this outcome.First, the strong on-going support from customers. Over 70% of our revenue is from organizations who have chosen to enter into on-going long term arrangements with BOOM.Second, our emphasis on safety and our'value package' which delivers extra value,reliability and efficiency ... Australia wide.And third, our record of quality andachievement because of the experience andskill of our team. During the last 15 monthsBOOM has undertaken some very difficultcrane work and we can report all went welland without a hitch.As a public company, our performance issubject to extensive scrutiny (for exampleAustralian Stock Exchange listing rules)and the need to efficiently deliver goodfinancial reporting ... and solid performance.We can only deliver those good financialresults if we keep satisfying our customerswith safety, value and efficiency.Confirming this outcome have been comments by analysts in the share brokingsector-example, David Arter, of WilsonHTM.In November 04: "The outlook headinginto 2005 is looking particularly promising.Our forecasts (Wilson HTM's) remainunchanged, but are looking increasinglycomfortable.”And, then on the 21st January 05. "We retaina BUY recommendation on BOOM andmaintain a 12 month share price target of$2.40 per share,” said David.Following the highly successful acquisitionof the Hunter Valley (NSW) based Bowersin September 04, we can report to readersthat further acquisitions are planned to further enhance our fleet, experience, capabilities and skills. As part of that pro-gramme we can report, at time of going toprint, the acquisition of Brambles BowenCranes in Queensland. See article on pageone of this newsletter.To ensure that we continue to satisfy our customers across Australia, we will continue our emphasis on safety, value andefficiency.

CEO’s Column.by Rod Harmon

Showing BOOM’s livery, is one of the big 400 tonne all terrain Liebherr cranes based, in Western Australia. Might and power, as they say, is part of the make up of BOOM’s fleet.

Assembling a 55 m. boom on an incredibly congestedsite - experience delivers a quick trouble free outcome.

Melbourne's CBD and adjacent area has never seensuch a demand for tower cranes, a large proportion

are BOOM cranes.

The non-executive directors of BOOMrecently visited the company's depot inSingleton, NSW on the way to a customer'ssite, at Coal & Allied Industries in theHunter Valley.

One of the Quality / Safetylogos appearing on

BOOM's cranes. BOOMhas adopted CraneSafe.

Warning lights that indicateto the operator the crane lift

has reached recommendedsafe lifting capacity.

An essential item, a pres-surised, dry powder, fireextinguisher unit. Usable

on electrical fires.

Witches hats, part of thetraffic management when

the crane activity impingeson roads or footpaths.

Access steps and ladders,both fixed and slide away,have each rung fitted with

an anti slip surface.

Spreader blocks, heavy anda source of splinters. Each

is fitted with a rope grip foreasy, safe and fast hadling.

At short notice, BOOM rushed two of its largesthydraulic cranes to Geraldton W.A.

One of BOOM's WA teams at the cricket at Lilac Hill, W.A.

Russell Biddlle, Sales Manager with BOOM, a great cricketer, with Dennis Lillee who gratefully receives advice.

Looking over the Melbourne CBD city skyline and moreof the many BOOM cranes are appearing in green.

Here comes a green, a mobile in the new BOOM livery.

Difficult access proves skill.

CBD high rise sites can present difficultaccess and congestion. One smallMelbourne site put BOOM to the test.

A narrow one way street on one side with apedestrian overpass serving the adjacentbuilding and the other frontage presentedhigh voltage exposed tram wires on a busymain street. Extensive juggling of the 55 m.boom was required for the assembly of thecrane, ... with only centimetres to spare.

"Success arises from the ability to spot theright way ... and that comes from a teamwith experience," said Drew Baker, GeneralManager, BOOM Tower Crane Divn.

A smart livery of BOOM green, with a touchof navy makes up the very distinctive livery.

Cranes are progressively being repainted topresent the cool green, but it will take overa year to repaint the fleet - now over 350cranes - particularly as some cranes can becommitted to sites for a year or more. Yes, green means go ... and BOOM green's the go.

Green’s the go.

National Safety Conference in January 2005was attended by our Safety Managers Qld,NSW, Vic, and WA. Chaired by FrankLegena, National Manager - Quality, Safety& Risk, it reinforced the commitment tosafety. National safety procedures, systemsand standards were established, givingBOOM safety another lift.

Making lifting safer.

We report with great sadness the suddendeath of Neil Barnes, Technical SalesSupervisor in WA. BOOM Logisticsextends to Neil’s wife Nicola and family,sincere condolences and deepest sympathy.

Obituary Neil Barnes

Dredging in the harbour at Geraldton inW.A. ground to a halt when a spud pole,used to hold the huge dredge in position asit cut the working face below the surface,was damaged and had to be removed. Spudpoles are driven into the sea bed andrequire special equipment for withdrawal.

At short notice, BOOM was able to reactand rushed two of its largest hydrauliccranes to Geraldton to pull out the damagedspud pole for repair. Engineers wererequired to determine the exact position ofthe cranes on the pier. Speed was essentialto minimise costs that accumulated whilethe huge dredge was waiting for the spudpole repairs to be completed.

BOOM to rescue at Port of Geraldton.

All work and no play makes Jack a dull boy... or is it simply that all work makes Jack?

To maintain good working relationships,BOOM staff enjoys time off together, aswell as time on.

Staff enjoy work.

Within three weeks of the Tsunami tragedy,BOOM's directors approved a donation of$10,000. The money was paid to World Vision.

Donation to Tsunami.

Directors visit depots.

Tower cranedivn. ranks No. 15 in

world.

Under the BOOM Logistics inspectionregime cranes are well prepared for customers job sites.For BOOM Logistics, SAFETY is paramount and the Cranesafe accreditation

BOOM's tower crane division, based inMelbourne, is recognised as the most successful hirer of diesel hydraulic luffingcranes (the cranes most commonly seen ofhigh rise construction projects such asoffices and apartments).

The fleet, with a range of sizes and typesalso includes electric hammerheads, somespecialist recovery cranes and cranes suitedto work on barges.

According to the last issue of authoritativeinternational magazine, International Cranesand Specialised Transport, BOOM's fleetranked No. 15 on the world charts.

Most of BOOM's cranes are used in thehigh rise construction industry with somesmaller units used in contract maintenance.

programmes gives comfort when people seethe green Crane Safe sticker displayed on allcranes.Most of Boom’s cranes are modified withimprovements, to enhance safety, give crane

operators pride in our equipment, reducefatigue and maximise opportunities for theirprofessional development.

Pictured, left to right: Fiona Bennett, John Robinson, Dr Huw Davies, Jack Hebiton, Doug Williams and

Terry Francis.

BOOM cranes arrive on site well prepared.

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‘Roll her over ... easy does it.’

Value packageensures efficiency,

safety and reliability.

Lift, roll and lower ... the progressive moves to roll over the hull of a new tugboat built in W.A

One of BOOM's special lifts, the rolling oftug boat hull at a boat builders yard inKwinana, Western Australia.

From an 'upside down' position the BOOMcrane crew lifted the hull, rolled it in mid airand then lowered it on to the keel blocks,

ready for engine installation, superstructure,decking and fit out.

Regarded as one of the more technicallyprecise lifts, experience enabled the operation to proceed perfectly and withoutdamage to the paintwork.

Users of crane hire services will findthat no other crane hire companyoffers the range of lifting and

logistical services that BOOM does.

BOOM's services, under the umbrella of providing lifting solutions across Australia,include equipment hire, carefully engineeredand managed lifting solutions, contractualmaintenance management, crane integrationfor high rise construction, engineering services / maintenance, heavy haulage andlogistics solutions.

It is a total service backed by qualified liftingsolutions engineers. Where appropriate CADdrawings are supplied to demonstrate how theproposed lifts(s) can be achieved in a safe andefficient way.

BOOM has the financial resources andstrength to maintain a modern fleet with newcranes each year (for replacement or expansion of the fleet).

As a public company BOOM is open to scrutiny.

The safety programme is highly developedand consittantly reviewed With BOOM,

customers can feel safe. With BOOM'sadvanced engineering skills, economies ofscale, best safety practise, Australia wide serv-ice and a public commitment to integrity andwin-win relationships for customers, BOOMcustomers can feel safe ... and know they areright.

Providing lifting solutions across Australia isone of the important activities of BOOM ...and one that suits many of our customerswith interests in more than one state.

The convenience and security of workingwith the one large well financed crane com-pany, Australia wide, or locally, makes a lotof sense. And, BOOM is the crane hire com-pany offering Australia wide service.Customers can benefit from BOOM's valuepackage right across Australia and enjoy thebenefits of BOOM's economy of scale andthe group of skilled lifting engineers and alarge group of skilled operators.

These people cover many areas of speciali-sation in engineering, maintenance, miningas well as both high rise and civil construc-tion projects. The strong balance sheetmeans the fleet is well maintained to highstandards and the company is wellresourced, particularly with top staff.Contact your nearest BOOM office fordetails, simply phone 1300 36 2666 and askfor the depot of your choice.

Nationwidedepot network.

Australian Stock Exchange (ASX) listingregulations require the company to publiclyreport on its performance, particularlyfinancial performance, every six months.And, if results look like changing on forecast, by plus or minus 10%, then aninterim announcement is required.

Reporting includes the publication of aBalance Sheet and Cash Flow Statement.

BOOM's customers, who may be contemplating long term contracts, can seethere is financial stability and the ability tokeep the fleet updated with advancedtechnology.

The crane industry requires substantialfinancial resources to invest in new cranes -in order to keep lifting efficiency and safety. You can look over our shoulder to seeour financial results and degree of financialstrength as well as reading the report byboth the Chairman and CEO. In short, seehow we are going - and be assured you havepartnered with a reliable long term supplier

Public company status keeps BOOM on its toes.

Sydney - Hobart yacht rescue.

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The favourite in the 2005 Sydney - Hobartrace, Skandia came to grief off the east coastof Tasmania in the storm ravaged 2004event. "Abandon ship", was the call.Fortunately, all crew were saved. The yachtwas salvaged and BOOM Logistics was partof the rescue, lifting the 30m. craft from thesalvage vessel Southern Condor at PortWelshpool, Victoria.

One of the many good things about dealingwith a public company is the ability toexamine its financial health ... and knowthat its financial status is checked regularly.

BOOM’s depots...Victoria:Braeside, Brooklyn, Laverton, Morwell.

Queensland:Beenleigh, Brisbane (heavy haulage depot),Blackwater, Dysart, Hendra, Moranbah,Toowoomba.

New South Wales:Mt Thorley, Muswellbrook, Port Kembla,Singleton.

Western Australia:Bunbury, Geraldton, Kalgoorlie, Karratha,Kwinana, Leinster, Newman, PortHedland, Welshpool.

BOOM Fleet ProfileLess than 25 tonne pick and carry cranes: 108

20 to 40 tonne truck mounted slewing truck cranes: 17

15 to 50 tonne rough terrain cranes: 40

50 tonne mounted slewing cranes: 56

60 to 100 tonne all terrain cranes: 25

100 to 180 tonne all terrain cranes: 14

200 to 250 tonne all terrain cranes: 7

300 tonne all terrain cranes: 4

400 tonne all terrain cranes: 1

Tower cranes: 33

TOTAL: 305 Units

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Share marketshows respectfor BOOM.

The graph shows the increase in the share price, since the float in October 03. The steady upward trend reflects thegrowth in demand for BOOM's lifting solutions. Graph courtesy Wilson HTM

Two prime movers, each 550hp, hauling a 40 wheel float, load capacity 200 tonne.

"We welcome customers conducting safetyaudits on our cranes and depots," says FrankLegena, National Manager - Quality, Safety& Risk.

"Safety is our No. 1 priority and, as we main-tain a constant state of alert, we can accom-modate visits at any time. Many large cus-tomers have their own high standards when itcomes to crane work ... we are geared to meetthose standards," added Frank.

BOOM adopts CraneSafe standards acrossthe Australian wide fleet

Heavy haulage prime movers and floats, largely based in NSW and Queensland, serveeastern Australia. Oversize transporting skills include overlength, over weight and over width loads, particularly for the resources sector.Plant moves are another area of specialty. Wecan support the need to dismantle, transport

Safety audits by customers encouraged.

Think of BOOM as a

One-Stop-Shop.

Heavy haulage capabilities enable lift and carry.

www.boomlogistics.com.au

A conducted tour over BOOM.

Share brokers have been recommendingBOOM and the market has reacted positively.

"We maintain a buy recommendation onBOOM. In light of strong trading conditionsso far in the year to June 05 and expectationof further acquisitions being made," saidDavid Arter in November 04, Analyst, withWilson HTM.

"BOOM’s management has confirmed agood start to the year. BOOM has a strongbalance sheet," he added.

Explaining the strong growth, CEO RodHarmon, said that customers are clearlyshowing a growing preference for the liftingsolutions offered by BOOM.

On the 20th December 04, the share pricewas around $2.00, Wilson HTM predicted ashare price of $2.20 to $2.40 in 2005.

When it comes to crane work, BOOM canprovide all the back-up services.

For the lift itself, BOOM provides experienced lifting solutions engineers topre-plan the lift and produce engineersAutoCAD drawings, to help explain exactlyhow the lift will be carried out. Traffic management services include the pre-plan-ning, liaising with authorities, obtainingpermits supplying traffic barriers and staff.

Heavy haulage vehicles, based in NSW andQueendland, service the eastern states.

and re-commission plant, through BOOM'srigging and erection services.Jacking and skating, are another activity sup-ported by experienced crews and theadvanced equipment of the heavy haulagedivision.Phone 1300 36 2666, ask for heavy haulage.

key personnel. Also see the extent of theBOOM fleet - mobiles, tower cranes andheavy haulage vehicles. On display isBOOM's value package, examples of difficult lifts and Stock Exchange reports.

BOOM is preparing anadvanced website so that youcan take a quick conducted

tour over our Australia-wide operation.See how our safety management protectsyour interests, see our facilities and meet

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