Jan 08, 2013

Further to Macmahon Holdings Limited (ASX:MAH) announcement on 4 January 2013, Macmahon has become aware of subsequent press releases made by Sembawang Engineers and Constructors Pte Ltd (Sembawang) dated 6 January 2013 and 7 January 2013 (both attached).

Macmahon denies the allegations made by Sembawang in the press release dated 6 January 2013 and reiterates that the only proposal received from Sembawang to date is its unsolicited, nonbinding, incomplete and conditional proposal set out in Sembawang's announcement on 3 January 2013 (as attached to Macmahon's announcement on 4 January 2013).

At the time of this announcement, Macmahon has not received any formal notice of legal proceedings having been initiated against it by Sembawang.

Macmahon confirms that it is preparing the necessary documents to hold an Extraordinary General Meeting during February 2013 to consider the proposed transaction with Leighton Holdings Limited.

The notice of meeting (including an independent expert's report) will be dispatched to Macmahon shareholders in accordance with that timetable.

*** 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 response to latest Sembawang announcement.pdf597.6 KB

distributed by