Cardno ERI

Cardno Ranked 34th on ENR Top Design Firm List - Climbed Over 100 Places

Portland, OR (May 4, 2011) - Cardno has climbed over 100 places to rank 34th on ENR’s Top 500 Design Firms list for 2011 making it the fastest growing firm in the industry according to the annual survey.

Engineering News-Record (ENR), a McGraw-Hill publication, released its 2011 list of the top 500 design firms, ranked according to revenue for design services performed in 2010. Cardno is pleased to announce that its US operations have been ranked on three of these lists – Top 500 Design Firms, Top 20 Industrial Process/Petroleum Firms, and Top 100 Pure Designers.

Cardno ranked 34th overall and is the highest ranked firm that is classified as providing both engineering and environmental services on the Top 500 Design Firms list. The firm moved up more than 100 places since last year as a result of organic growth in key markets and strategic mergers.

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Cardno Posts Record Half-Year Profit - $31.7 Million, Up 98%

Global infrastructure services consultancy Cardno Limited (ASX: CDD), today announced a record net profit after tax of $31.7 million for the December 2010 half year, an increase of 98% over the previous corresponding period (pcp). Basic earnings per share was 31 cents, a 63% increase on the pcp. EBITDA rose 122% to $55.7 million.

The record profit for this period follows the six consecutive record annual profits and earnings per share growth since listing in 2004.

Revenue was $436 million, which was 91% higher than the pcp. Operating cash flow was
$39.8 million, up 134% on the pcp.

The Company’s balance sheet remains strong with a low debt to equity ratio of 35% and cash of $80 million at December 31.

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Cardno Posts Record Profit, Increases Dividend

Global infrastructure services consultancy Cardno Limited (ASX: CDD), today announced a record net profit after tax of $37.60 million for the year ended 30 June 2010, a 10.1% increase over the 2009 financial year. Basic earnings per share increased to 43.86 cents.

Cardno had strong operating cash flow of $46.75 million in 2010, an increase of 21% over 2009, and had cash of $56.28 million at 30 June 2010.

The company’s balance sheet remains strong with low net debt. In August, the company completed a successful Rights issue raising $49 million.

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Business Journal names 54 Best Places to Work winners

NORTH BAY - The Business Journal has selected 54 businesses and organizations as honorees in its fifth-annual Best Places to Work in the North Bay.

Profiles of the winners will appear in a special publication supplementing the Sept. 27 issue, and winners will be honored at a gala reception Sept. 23 at the Doubletree Hotel in Rohnert Park. For more information, call 707-521-5264.

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ERI Merges with International Leader in Physical & Social Infrastructure
Merger with Cardno Limited expands global reach

Irvine, CA. (June 9, 2010) – Environmental Resolutions, Inc. (ERI) has joined forces with international firm and Australian based Cardno Limited in a merger that takes effect today.

The merger with Cardno, a professional services firm founded in 1945 in Brisbane, Australia, means that ERI, a 155-person environment and site remediation consulting firm becomes a key part of an international industry leader with a combined resource base of 3,650 staff working on projects in more than 70 countries.

Steve Zigan, President of ERI, said the merger marks an important step in the next chapter of growth for ERI.

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Lake Forest's Environmental Resolutions Inc. Gains Global Foothold
The Consulting Firm's Merger with Australia-based Cardno Limited Bolsters its Range of Services

The Lake Forest-based consulting firm Environmental Resolutions Inc. – or ERI – and Australia-based Cardno Limited have merged, bolstering both companies’ global presence and portfolio of services.

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Natural Bugs, a Green Solution to MTBE Groundwater Contaminiation

PETALUMA, Calif., July 18, 2006 - Although half of the states in the U.S. have banned MTBE - methyl tertiary butyl ether - in gasoline because it contaminates groundwater, past spills and underground storage tank leaks will continue to impair groundwater quality in parts of the country for years or decades to come.

Helping to address this problem are bioreactors from Environmental Resolutions Inc (ERI), now beingused at dozens of locations, which show that naturally occurring microorganisms concentrated in state¬of-the-art bioreactors can effectively clean contaminated groundwater sites. Microorganisms have been used more and more in groundwater remediation in recent years as water industry practitioners learnmore about the microorganisms’ vast treatment capabilities, said Joe O’Connell, President of ERI. He added that bioreactors are more frequently being embraced by water industry ofﬁcials as a treatment tool since bioreactors can clean both MTBE and related chemicals such as TBA, - tertiary butyl alcohol- and other gasoline components.

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Diversification Helps ERI Outpace Limited Growth in Remediation

Whether they’re faced with increased competition in a tight market or lower client spending in recessionary times, companies adopt diffrent response strategies, sometimes polar opposites of one another. One ﬁrm may decide to trim peripheral business and service lines, shoring up the brand by focusing on core competencies. Another may see the need to diversify into new service areas, geographies, or client sectors.

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Business Journal, Best Places to Work
Two-Time Winner Environmental Resolutions, Inc.

Petaluma - This fast-track environmental consulting firm, founded in 1989, has experienced a substantial increase in revenue from new sources outside of its customary client base during the recession.

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FOR IMMEDIATE RELEASE

ENVIRONMENTAL RESOLUTIONS, INC.
CO-BRANDS UNDER CARDNO NAME
Merger with infrastructure leader creates expanded opportunity and global strength

Lake Forest, CA (October 18, 2010) – Environmental Resolutions, Inc. (ERI), a leader in environmental consulting and remediation services, announced today that it has rebranded itself, Cardno ERI, to reflect its recent merger with Cardno Limited (ASX: CDD), a global provider of physical and social infrastructure services. The Australian-based Cardno has over 150 offices worldwide and a resource base of more than 3,700 staff working on projects in over 70 countries.

Steve Zigan, President of Cardno ERI, said that, “Combining our capabilities with the reputation and expansive reach of Cardno creates an excellent platform for growth. The alliance brings
broader skill sets, capabilities, and a larger scale of operations to our clients.”

The Cardno portfolio of companies provides Cardno ERI and its clients with a wider range of civil and structural engineering, transportation, marine, water modeling and planning services.
Moreover, Cardno’s leadership in social infrastructure opens a new gateway for Cardno ERI to provide critical support to developing communities and those adversely affected by natural
disasters and conflict.

Michael Renshaw, President of Cardno USA, remarked, “Broadening our capabilities in the environmental assessment and remediation business is a natural extension of Cardno’s core
business. Looking at the long-term growing infrastructure needs of the community and associated environmental challenges, we see significant opportunity for Cardno.”

“Emerging environmental laws and regulations are proving key drivers of market growth. At the same time, more and more countries are focused on the need to improve their infrastructure, so significant amounts of money will be allocated to these projects. We are bolstering our stable of solutions with additional environmental-related strength to create opportunities for our business, clients, employees and the communities we serve,” he added.

This past June, Cardno also merged with ENTRIX Inc., one of the country’s largest pure-play firms in natural resources management and environmental consulting. ENTRIX also announced
today that it is rebranding as Cardno ENTRIX. These two subsidiaries significantly expand Cardno’s North American presence while establishing an even stronger foothold within the
strategic environmental arena.

Mr. Zigan added, “We are already experiencing the impact and cross-selling potential of belonging to a global network. Our capabilities are mutually compatible and complementary with Cardno ENTRIX, and we have also begun to tap the diverse range of resources Cardno offers internationally. We expect the momentum to build.”

For further information, please contact:
Keith Romstad
Senior Principal/COO
Cardno ERI
707 766 2040
keith.romstad@cardno.com

About Cardno Limited:
Cardno Limited is a family of companies whose integrated professional services are used to plan, design, manage and deliver physical and social infrastructure solutions in developed and emerging economies around the world. Founded in 1945 in Brisbane, Australia, the company has become an internationally respected leader in infrastructure services with over 150 worldwide offices and a combined resource base of more than 3,700 employees. Cardno is listed on the Australian Securities Exchange [ASX: CDD]. www.cardno.com.

About Cardno ERI:
Cardno ERI is an environmental remediation consulting firm primarily servicing the broad energy sector. The firm has extensive expertise in managing projects related to the remediation of sites contaminated by the release of fuel hydrocarbons, solvents, pesticides, metals, priority pollutants, acids and bases, polychlorinated biphenyls (PCBs), and dioxins. The majority of their work is undertaken for leading oil and gas companies on sites contaminated with hydrocarbon residues, such as service stations, refineries, pipelines, oil fields and bulk oil storage facilities. www.cardnoeri.com.

About Cardno ENTRIX:
Cardno ENTRIX is an environmental and natural resource management consultancy specializing in water resources management, natural resources management, permitting and compliance, and liability management. The firm also employs a strong team of economists and litigation support experts. Among its broad suite of service offerings, Cardno ENTRIX has become widely recognized in the assessment of environmental and economic impacts resulting from oil and chemical-related spills and the associated restoration, rehabilitation and monitoring of impacted sites. www.cardnoentrix.com.