Jan 11, 2013

Attached is a further letter that Macmahon Holdings Limited (ASX:MAH) has received from Sembawang Engineers and Constructors Pte Ltd (Sembawang) today, and which Sembawang has published on its website.

Macmahon's independent directors note that Sembawang's proposals remain unsolicited, nonbinding, incomplete and highly conditional. Accordingly, Macmahon is not in a position to respond to the latest proposal by the deadline of 5pm (Perth time) tomorrow described in the letter.

In the circumstances, Macmahon's independent directors propose to request further clarification from Sembawang to make a proper assessment of the merits of the proposals.

*** ENDS ***

For further information, please contact:

Investor Relations

Theresa Mlikota Chief Financial Officer +61 407 470 859

Media Relations

Joeley Pettit-Scott Acting Group Communications Manager +61 467 775 376

Macmahon acknowledges Sembawang correspondence.pdf1.5 MB

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