14 August 2007

Company Announcements Office Australian Stock Exchange Limited Level 4 20 Bridge Street SYDNEY NSW 2000

Dear Sir,

Please find attached copies of the following documents:

(a) Media Release dated 14 August 2007 entitled “Leighton profit up 63% to $450 million”.

(b) Quarterly Update to June 2007.

(c) Preliminary Final Report – Appendix 4E for the year ended 30 June 2007.

(d) Media Release dated 14 August 2007 entitled “Leighton keeps its King until June 2010”.

(e) Media Release dated 14 August 2007 to be issued by Leighton International Limited, a wholly owned subsidiary of the Company, entitled “Leighton named preferred contractor on US$550 million highway in Abu Dhabi”.

Yours faithfully LEIGHTON HOLDINGS LIMITED

ASHLEY MOIR Company Secretary

For personal use only use personal For

Media Release

14 August 2007 Leighton profit up 63% to $450 million

The directors of Leighton Holdings Limited today announced a 63% increase in operating profit after tax and minorities to $450.0m (versus $276.1m last year) from a pre-tax profit of $584.1m. The return on shareholders’ funds averaged 36.7% for the year (27.7% last year).

A final dividend of 65 cents per share, franked to 50%, was also announced by the directors bringing the full year ordinary dividend to a total 110 cents per share (up 67% from 66 cents per share last year).

Chief Executive, Mr Wal King, said that he was delighted to report such a strong profit result for the year which was driven by the Leighton Group’s diversity and momentum.

“The Group’s outstanding result reflected strong contributions from a number of large construction projects in , another record property development performance and the continued strength of the market for contract mining of iron ore and coal,” said Mr King.

“Total revenue, including joint ventures, was up 19% to $11.9bn ($10.0bn last year) while revenue from joint ventures increased by 24% to $1.9bn. Principal revenue sources were engineering and infrastructure $4.9bn (up 16%), mining and resources $3.4bn (up 30%), building and property $1.7bn (down 7%), and services $1.9bn (up 39%).

“Work in hand has increased to a record $21.1bn compared with $16.0bn last year, boosted by the award of a number of major new projects and some significant contract mining extensions.

“Major new projects include the $2bn North South Bypass Tunnel joint venture (JV) and $1.4bn Gateway Upgrade JV, both in , the $1 billion Gold Coast Desalination Project alliance in Qld, the $522m -Bunbury Highway alliance in WA, $790m of mining work at Prominent Hill in SA and a JV management contract for the US$2.1bn City of Dreams gaming and entertainment resort in Macau.

“In the six weeks since 30 June, approximately $3bn worth of work has been awarded including the $1bn Sydney Desalination Plant, a $300m sewerage project in , a $500m coal mining contract at Sonoma in Qld and a $345m extension at the South Walker Creek coal mine, also in Qld,” said Mr King.

“The outlook for the Group remains very strong for all major markets, which are continuing to provide a good level of opportunities in construction, mining and services. These opportunities will continue to support work in hand which should be able to maintained around $20bn over

For personal use only use personal For the next year.

“After decades of underinvestment in roads, rail, water, electricity and telecommunications, a sustained catch-up spend is occurring and this is reflected in the current spending on engineering projects. Major infrastructure projects likely to come to the market or be awarded over the next year include the $3bn Airport Link tollroad and $2.3bn Goodna Bypass in Brisbane, and desalination plants worth more than a $1bn each in WA and Vic,” said Mr King.

Page 1 of 2 Media Release 14 August 2007

(continued…)

“Sustained investment in new mines and resources related infrastructure is providing a significant level of construction and process engineering opportunities for the Group, which in turn will lead to new supply. Export volumes should therefore be much stronger supporting the long term outlook for contract mining, particularly of iron ore and coal,” he said.

“The non-residential property market is forecast to peak in terms of activity levels in 2007/08 after reaching an all time high in the last year. Leighton Properties’ portfolio of developments and a number of social infrastructure projects, including new hospitals should maintain the Group’s level of building work.

“Asia is forecast to continue growing strongly and the Group is leveraged both directly – undertaking mining and construction work across the region – and indirectly – providing services such as contract mining to companies selling commodities into Asia. Indonesia will be maintained by a good level of resources related work and Hong Kong/Macau’s activity levels should be supported by existing building and infrastructure work,” said Mr King.

“India offers a number of exciting prospects and there are good opportunities in toll roads, airports, oil and gas, building, and in the longer term contract mining,” said Mr King.

“The Gulf is a region of vast opportunity. Leighton International has been named as preferred tenderer to construct a US$550m highway on Saadiyat Island, where some US$27bn will be spent creating Abu Dhabi’s flagship development. This project, and existing work in Qatar and Dubai, will support activity levels and provide a base to pursue other opportunities.

“The balance sheet remains very strong with total assets of $4.7bn and net cash of $669m. This strength will continue to be used to pursue growth opportunities including acquisitons to further diversify the business,” he said.

“The Group’s work in hand provides great momentum and revenue for the full year is forecast to be approximately $13.5bn. This momentum means that we expect our 2008 profit to be up by at least 20% on this year’s record result of $450m,” said Mr King.

ENDS

Issued by Leighton Holdings Limited ABN 57 004 482 982 www.leighton.com.au Further information: MR WAL KING AO Chief Executive Officer T (02) 9925 6912 or For personal use only use personal For MR SCOTT CHARLTON Chief Financial Officer T (02) 9925 6935

LEIGHTON HOLDINGS LIMITED is the parent company of Australia’s largest project development and contracting group. Founded in 1949, the organisation has grown into a diversified group that includes Thiess, John Holland, Leighton Contractors, Leighton Asia, Leighton International and Leighton Properties. With over 27,000 employees, the Group’s operations are spread all around the Asia-Pacific region on projects in Australia, New Zealand, Hong Kong, Indonesia, Malaysia, Singapore, the Philippines, Thailand, Vietnam, China, Taiwan, Sri Lanka, Macau, India and the Arabian Gulf. Leighton Group companies offer a broad range of project development and contracting services and skills to public and private sector clients across a wide range of industries. Project development skills – infrastructure, property or resources based – and project management of construction and property developments complement the Group’s contracting activities. These activities include construction, mining and services. Leighton Holdings (LEI) is listed on the Australian Stock Exchange and has its head office in Sydney. Page 2 of 2

JUNE QUARTERLY UPDATE & PRELIMINARY FINAL REPORT

TO 30 JUNE 2007 / ISSUED 14 AUGUST 2007 For personal use only use personal For LEIGHTON HOLDINGS LIMITED ABN 57 004 482 982 07 LEIGHTON JUNE QUARTERLY UPDATE & PRELIMINARY FINAL REPORT TO 30 JUNE 2007 / ISSUED 14 AUGUST 2007

For more information please contact: Wal King AO Chief Executive Officer Scott Charlton

Chief Financial Officer For personal use only use personal For

Leighton Holdings Limited A.B.N 57 004 482 982

Level 5, 472 Pacific Highway St Leonards NSW 2065 Australia www.leighton.com.au T (02) 9925 6666 F (02) 9925 6005

Financial Highlights

30 June 2007 30 June 2006 % $'000 $'000 Change Revenue - Group 9,967,040 8,502,577 17.2% - Joint Ventures 1,880,197 1,513,889 24.2% Other Revenue 44,252 17,128 158.4% Total Revenue 11,891,489 10,033,594 18.5%

New Contracts, Extensions & Variations 16,664,564 10,220,742 63.0% Value of Work in Hand # 21,084,802 16,038,367 31.5%

Profit before tax 584,096 371,153 57.4% Income Tax (128,860) (93,764) 37.4% Minorities (5,194) (1,320) 293.5% Profit after tax 450,042 276,069 63.0%

Earnings per Ordinary Share 162.3¢ 100.2¢ 62.0% Dividends per Ordinary Share 110.0¢ 66¢ 66.7%

Total Capital and Reserves * 1,350,473 1,102,901 22.4% Total Assets 4,745,202 3,803,288 24.8% Cash net of Borrowings 669,262 618,251 8.3% Undrawn Facilities and Guarantees 740,512 810,715 (8.7%)

* Excludes minority interests # Includes the Group’s share of Joint Ventures

Key Performance Indicators for the 12 month period to 30 June

600 50 0.0 14 , 0 0 0 24,000

12 , 0 0 0 500 20,000 400.0

10 , 0 0 0 400 16 , 0 0 0

300.0 8,000

300 12 , 0 0 0

' 6,000 200.0

200 8,000 4,000

10 0 . 0 10 0 4,000 2,000

0 0.0 0 0 02/3 03/4 04/5 05/6 06/7 02/3 03/4 04/5 05/6 06/7 02/3 03/4 04/5 05/6 06/7 02/3 03/4 04/5 05/6 06/7

For personal use only use personal For $M $M $M $M Operating Profit Profit After Tax Total Revenue# Work in Hand# Before Tax and and Minorities Minorities

# Includes the Group’s share of Joint Ventures

Leighton Holdings Limited JUNE 2007 QUARTERLY UPDATE Page 2

June Quarterly Update

Financial Performance Bunbury Highway in and a management contract at the City of Dreams casino in The directors are pleased to report that Group profit Macau. after tax and minority interests for the year was up by 63% to $450 million compared to $276 million last The Group has management contracts totalling some year. Pre tax profit before minority interests was up $1.4 billion underway, an increase of $1.0 billion by 57% to $584 million. since 30 June 2006, which are not included in work in hand. The return on shareholders funds averaged 36.7% over the year, compared with 27.7% last year. New mining contracts included the $790 million Prominent Hill copper-gold mine in , A final dividend of 65 cents per share, franked at the $622 million Wahana coal mine in Indonesia and 50% (41 cents per share, franked at 50% last year) the Middlemount coal mine in . A $400 was announced by directors. For non-resident and million extension was also awarded at the Yandi iron corporate shareholders the 65 cents per share ore mine in Western Australia. dividend will include conduit foreign income. Acquisitions, Investments and Sales The Group’s outstanding result reflected strong contributions from a number of large construction The Group has acquired a strategic 40% stake in projects in Australia, another record property Devine Limited for $95.6 million. The acquisition development performance and the continued substantially increases Devine’s ability to fund and strength of the market for contract mining of iron ore develop its business and further diversifies the and coal. Leighton Group into the residential property market.

Total revenue, including joint ventures, was up 19% John Holland has acquired a Central Queensland to $11.9 billion ($10 billion last year) while revenue contractor, CE Marshall & Sons for $99 million. This from joint ventures increased by 24% to $1.9 billion. acquisition, renamed Marshall Mining & Earthmoving, facilitates John Holland's entry into the contract Principal revenue sources were engineering and mining services market. infrastructure $4.9 billion, mining and resources $3.4 billion, building and property development $1.7 billion John Holland also diversified into the aviation and services $1.9 billion. maintenance market by acquiring the former Ansett Aviation Engineering Services business (renamed The Group has maintained a very strong financial John Holland Aviation Services) for $10 million. The position with total assets of $4.7 billion and net business provides total engineering support to assets of $1.4 billion. Cash net of borrowings has commercial airlines and third party operators from increased to $669 million. Undrawn facilities and across Australia and the Asia Pacific Region. guarantees have decreased to $740 million with the awarding of a number of major projects. A consortium of Leighton Contractors and ABN AMRO has been chosen as the preferred purchaser The Group’s balance sheet strength continues to be of Sydney’s Cross City Tunnel. Leighton Contractors recognised by Moody’s Investors Service (Moody’s) intends to take a 6% equity position, amounting to and Standard & Poors’ (S&P). Moody’s assign an approximately $20 million, securing a 29 year issuer rating of Baa1 to the company and a rating of operations and maintenance contract. Baa2 to the Leighton Notes. Moody’s Baa1 rating is the equivalent of S&P’s current BBB+ rating, while In July 2007, the Group acquired a 11.5% stake in Moody’s Baa2 rating for the Leighton Notes is one Macmahon Holdings Limited aimed at developing a notch higher than S&P’s current BBB- rating. closer relationship to pursue opportunities in the resource and infrastructure markets. Work in Hand Australia/Pacific Operations At 30 June 2007, the Group’s work in hand was

$21.1 billion. This compares with $20.1 billion at 31 The Australia/Pacific operations contributed $516 For personal use only use personal For December 2006 and $16.0 billion at 30 June 2006. million of profit before tax (up 89%) from revenue of $10.4 billion. Work in hand was up 39% at $17.4 The order book was boosted by the award of a billion. number of major new projects and some significant extensions to contract mining projects. Major new Engineering and Infrastructure construction contracts awarded during the year included Brisbane’s North South Bypass Tunnel and Engineering and infrastructure was the single largest Gateway Bridge Upgrade, the Gold Coast contributor to Australian revenue at $4.2 billion, up Desalination Alliance in Queensland, the Perth- 18%. Work in hand was up 56% to $6.9 billion.

Leighton Holdings Limited JUNE 2007 QUARTERLY UPDATE Page 3 Construction of transport infrastructure, particularly A Leighton Contractors led alliance has commenced new roads, continued to be a major driver of activity the design and construction of the new $522 million levels. The Thiess John Holland joint venture Perth to Bunbury Highway, which includes 70km of completed Sydney’s $1.1 billion Lane Cove Tunnel dual carriageway road south of Perth in Western ahead of schedule and continued to make good Australia. progress on Australia’s largest road development, the $2.5 billion EastLink project, in Melbourne. Leighton Contractors has completed construction on its packages of the Perth-Mandurah rail line. The site A number of major new road projects were awarded has demobilised and testing and commissioning of during the year. In Brisbane, a joint venture including the tunnel systems is underway. There are a range Leighton Contractors was awarded the concession to contractual issues unresolved with the client but finance, design, build and operate the city’s first these are not expected to have any further significant privatised toll road, the $2 billion North-South Bypass impact on the project. John Holland is nearing Tunnel. Construction of the 6.8km road, which completion on its package of the same project. includes 4.7km of tunnels, as well as associated road connections, is well underway. In Auckland, New Zealand, Leighton Contractors made good progress on the alliance contract to Another joint venture including Leighton Contractors extend the Northern Motorway and the upgrading of was awarded the design, construction and the Manakau Motorway Link, and completed the maintenance of Brisbane’s $1.4 billion Gateway Central Motorway Junction project. Upgrade Project. The joint venture has commenced the duplication of the Gateway Bridge, upgrading of Spending by State Governments on water related 20km of the motorway, refurbishment of the existing infrastructure has increased substantially, supporting Gateway Bridge and will maintain the facility over a good levels of activity. In Queensland, a John 10 year period. Holland led alliance commenced the design and construction of the $1 billion Gold Coast desalination In Brisbane, Leighton Contractors was also awarded project. The alliance will commission and then the design and construction of the Ipswich operate and maintain the plant for 10 years. Motorway/Logan Motorway Interchange Upgrade, construction of a package of the South West In July 2007, a John Holland led joint venture Transport Corridor, the Caboolture Bypass project secured the design and construction of Sydney’s new and road works at the Brisbane Airport. Good $1 billion desalination plant. The joint venture will progress was made on construction of the Inner also operate and maintain the plant for 20 years. Northern Busway. John Holland was awarded further water and Thiess was awarded another package of the $700 wastewater construction work at Rouse Hill in million Trackstar alliance, to straighten and Sydney, at Kwinana in Western Australia, Mackay in duplicate 14km of rail line between Queensland and the Northern Sewer Project in Caboolture and Beerburrum, in Queensland. . New water related work awarded to Thiess included the construction of the Bundamba water In Melbourne, new work awarded included the treatment plant in Queensland and three metropolitan Middleborough Road Alliance to John Holland and a wastewater treatment plants in Western Australia. section of the Calder Freeway, awarded to Thiess. Leighton Contractors was awarded the construction Other new engineering and infrastructure projects of the new Deer Park Bypass in Victoria and the awarded during the period include a $270 million design and construction of a new rail link to the port upgrade to the Dalrymple Bay Coal Loader in of Melbourne. Queensland for John Holland and, for Leighton Contractors, construction of a wind farm in Victoria A Leighton Contractors led alliance was awarded a and a Bio-refinery project in Dalby, Queensland. metropolitan rail upgrade project worth some $450 Thiess was also awarded the Stage 3 upgrade of the million, which involves the construction of two new Hinze Dam in Queensland. rail lines, 10 new rail bridges and other associated works in Sydney. In August, a Leighton Contractors Mining and Resources led alliance was awarded the $450 million duplication The mining and resources sector provided $2.7 of 35km of the Hume Highway in . billion of revenue, up 48% relative to the

corresponding period last year and work in hand was Johnonly use personal For Holland was awarded the design and up by 42% to $6.8 billion. construction of the Cronulla Line Duplication in

Sydney and made good progress on the $368 million Thiess commenced work as mining contractor at the Southern Improvements Alliance. Thiess was Prominent Hill copper-gold project in South Australia. awarded a $300 million package to upgrade a section Under the contract, worth approximately $800 million of the Pacific Highway and the Revesby Turnback rail over 6 years, Thiess will extract some 150 million project in Sydney. cubic metres of overburden and waste, and 38 million

tonnes of ore.

Leighton Holdings Limited JUNE 2007 QUARTERLY UPDATE Page 4 A Thiess Sedgman joint venture has entered into an The first phase of Leighton Properties’ Green Square alliance to deliver the $356 million Lake Lindsay development in Brisbane has proceeded well and Project, one of the largest design and construct Leighton Contractors commenced the construction of contracts for a coal handling and preparation plant the next phase on the development, the $103 million ever awarded in Australia. North Tower. Also in Brisbane, Thiess commenced the design and construction of a $350 million, 33- In Western Australia, Thiess secured a major storey office tower in the CBD for Leighton Properties extension to the alliance contract at the Mt Keith and Grosvenor. nickel mine and civil work for the Lang Hancock Rail Project in the Pilbara. In New South Wales, Thiess At Parramatta in Sydney’s west, John Holland was awarded the mining operations at Xstrata’s completed an A-grade office tower development at Eastern Railway Pit. Thiess’ other contract coal 101 George Street for Leighton Properties. Nearby, mining operations in Queensland, New South Wales Leighton Contractors’ subsidiary Broad is close to and Victoria performed well and made a solid finalising another A-grade development for Leighton contribution. Properties at 25 Smith Street.

New work awarded to Leighton Contractors includes In Canberra, Thiess is progressing well on two a life of mine contract worth $515 million over the developments for Leighton Properties at 18 Marcus next 5 years, for coal mining operations at the Clarke Street and London Circuit. In Victoria, Middlemount coal project in Central Queensland. In Leighton Properties commenced the approval July 2007, Leighton Contractors was awarded a five- process for the development of an integrated year contract, worth in excess of $500 million, for business park at Cheltenham. coal mining operations at the new Sonoma Coal project in the Bowen Basin, Queensland. In other building work, Thiess was awarded a $121 million contract for the design and construction of six- In Western Australia, Leighton Contractors’ storey, high-tech data centre at Springfield. Thiess subsidiary HWE Mining was awarded a 2-year also progressed well on Stage 1 of the Westmead contract extension worth approximately $400 million Hospital redevelopment in Sydney. at Yandi iron ore mine, located in Western Australia’s Pilbara region. HWE Mining has been providing Leighton Contractors commenced work and has contract mining services at Yandi since 1991 and made good progress well on the design and was also awarded an extension at the nearby construction of the $300 million Australian Defence Orebody 23/25 iron ore mine in Western Australia. Force headquarters near Bungendore in New South Wales. In South Australia, HWE Mining awarded a 5 year contract, worth in excess of $376 million, to develop John Holland commenced work on the design and the next phase of OneSteel’s South Middleback construction of a rail maintenance facility in Sydney Ranges iron ore project. Leighton Contractors and for the Reliance Rail PPP consortium and, in HWE Mining progressed well with other coal, iron Canberra, the construction of the new National ore, nickel and gold mining activities. Portrait Gallery. John Holland performed well on the Southbank TAFE in Brisbane and a number of other John Holland, through the acquisition of Marshall building projects around the country. Mining & Earthmoving, is now providing earthmoving and other related services to the Blackwater coal Services mine in Queensland and at the Werris Creek coal mine in New South Wales. Revenue from services activity was up by 40% to $1.9 billion and work in hand marginally to $2.4 Building and Property Development billion.

Building and property revenue was down 4% to $1.5 Thiess Services’ presence in the waste market was billion, while work in hand was up by 31% to $1.4 further extended with the award of five separate billion. contracts, worth in excess of $400 million, for waste collection and recycling in New South Wales and Leighton Properties’ development activities made an Queensland. Other new work was awarded in increased contribution and the company has Mackay, Queensland and in Melbourne. Thiess’ continued to expand its development pipeline. Silcar joint venture was also awarded

Leightononly use personal For Properties is currently undertaking property telecommunications contracts worth over $430 developments with a total end value of approximately million by Telstra. $2 billion. John Holland’s rail maintenance business continued In Sydney, Leighton Properties acquired a 2.26ha to provide a solid level of work around the country parcel of industrial land at Matraville in Sydney where with a major extension awarded in Western Australia the company proposes to develop a $40 million and a number of new telecommunications projects industrial estate. added to the workload.

Leighton Holdings Limited JUNE 2007 QUARTERLY UPDATE Page 5 Leighton Contractors undertook a good level of venture. Construction is well underway on the services work maintaining telecommunications and integrated gaming and entertainment resort which will transport related infrastructure. As part of the includes: four deluxe hotel towers, ranging from 28- ongoing development of its business, Leighton to 35-storeys; serviced apartments; an underwater- Contractors secured a 29 year operations and themed casino; a luxury retail arcade; multiple food maintenance (O&M) contract for the Cross City and beverage outlets; and a world-class performance Tunnel in Sydney, which is located nearby to the hall. Eastern Distributor where Leighton Contractors has a 49 year O&M contract. A Leighton Asia/John Holland led joint venture successful completed phase one of the Wynn Asian Operations Resorts hotel and casino complex, which opened in September 2006. The joint venture has recently The Group’s Asian operations reported a reduced commenced the construction of a 40 storey hotel profit before tax of $65 million, down $42 million on adjoining the existing resort, worth some $400 the previous period, from revenue of $1.5 billion. The million. result was impacted by poor performance on two process engineering projects in Indonesia. Work in In nearby Hong Kong, a joint venture including hand was up by 5% to $3.6 billion. The rise in the A$ Leighton Asia and John Holland completed the first over the year means that revenue, profit and work in tunnel drive of the Kowloon Southern Link rail project hand would all have been higher than the previous and Leighton Asia is nearing completion on the year, if measured in US$. Eagles Nest road tunnel. Good progress continued to be made on the Central Reclamation project. Indonesia Malaysia The Group’s Indonesian operations were again a significant contributor to the Asian result, based Leighton International is nearing completion of the largely on solid contract mining performances from Kuala Lumpur to Putrajaya highway and the double Thiess and Leighton International (formerly Leighton tracking of 400km of rail line between Rawang and Asia (Southern)). However, the poor performance on Ipoh was finalised. Thiess’ Darajet geothermal power station project in West Java and the Suban 2 Gas Plant in South India Sumatra impacted what would have otherwise been an increased contribution. Leighton International has recorded a successful year in India, winning a number of new projects. Construction has been completed on both projects and Suban has been commissioned while Darajet is A highlight was the formation of a joint venture in the final phases of commissioning. Neither project with leading developer Emaar MGF, in a deal worth is expected to have any further significant negative approximately US$2.5 billion (Leighton’s share impact. US$1.25 billion) over the next five years. The 50:50 joint venture, to be known as Leighton Construction Thiess’ three large coal mining contracts at the Satui, India Pvt Ltd, will provide design and construction Senakin and KPC mines in Kalimantan performed services for Emaar MGF’s projects across India and well, as did the construction of telecommunications will immediately become one of India’s leading towers across Indonesia. construction entities. Emaar MGF has projects planned across India in residential, hospitality, Leighton International was awarded two new commercial and retail, special economic zones and contracts and a major extension. The largest of these IT parks, and the education and healthcare sectors. was a six-year, $622 million contract for the provision of mining services at the Wahana coal mine in South Leighton International was awarded new work to Kalimantan. In East Kalimantan, Leighton install sub-sea pipelines at Jamnagar for Reliance International also secured a two-year coal mining Industries, one of India’s leading business contract, worth $85 million at the PT Multi Harapan conglomerates and building work for Motorola. Utama coal mine near Samarinda and a three-year extension for mining services at the MSJ coal mine. In joint venture with local contractor Oriental Structural Engineers, Leighton International Leighton International’s work at three other coal commenced $220 million worth of work widening and minesonly use personal For in Kalimantan and civil works in Irian Jaya upgrading two tollroad projects; 45km of National performed well. Highway 11 between Agra and Bharatpu, near Delhi; and 72km of National Highway 3 between Indore and Hong Kong/Macau Khalghat, south of Delhi.

A highlight for the year was the award of a The construction of manufacturing facilities for management contract for the US$2.1 billion City of Flextronics and Salcomp progressed well and work Dreams in Macau to a Leighton Asia (formerly continued on the installation of a crude oil pipeline at Leighton Asia (Northern))/John Holland led joint Cochin for Kochi Refineries.

Leighton Holdings Limited JUNE 2007 QUARTERLY UPDATE Page 6 Gulf Region and construction work across the region – and indirectly – providing services such as contract Construction has progressed well for Leighton mining to companies selling commodities into Asia. International on the $557 million Al Shaqab Equestrian Centre in Doha, Qatar and on a joint Indonesia will be maintained by a good level of venture for the construction of roads and resources related work and Hong Kong/Macau’s infrastructure for the massive City of Arabia activity levels should be supported by existing development in Dubai. building and infrastructure work.

In August 2007, Leighton International was awarded India offers a number of exciting prospects and there preferred contractor status on a US$550 million, are good prospects in toll roads, airports, oil and gas, 6.5km highway, comprising five lanes in each building, and contract mining opportunities in the direction, which will link Abu Dhabi city with Saadiyat longer term. Island, a new 27 square kilometre master planned development. The Gulf is a region of vast opportunity which is being approached prudently. Existing work in Qatar Other Countries and the United Arab Emirates will support activity levels for some time and provide a base to pursue Leighton Asia has worked to rebuild infrastructure other opportunities. damaged by a typhoon at Rapu Rapu in the Philippines and recommenced mining operations. The Group’s work in hand provides great momentum and revenue for the full year is forecast to be Group Prospects approximately $13.5 billion. The directors expect to report an increase in net profit after tax for 2008 of at Outlook for 2008 least 20%.

The outlook for the Group remains very strong for all Long-Term Outlook major markets, which are continuing to provide a good level of opportunities in construction, mining The Group’s outlook for the longer-term remains very and services. These opportunities will continue to positive driven by a record level of work in hand, the support work in hand which should be able to be continued strength of the core markets in Australia maintained at around $20 billion over the next year. and an increasing diversification into the growth markets of Asia. After decades of underinvestment in roads, rail, water, electricity and telecommunications, a The Group also has a very strong balance sheet sustained catch-up is occurring and this is reflected which is being used to support the pursuit of in the current spending on engineering projects. acquisitions to further diversify the business and Major infrastructure projects likely to come to the provide growth opportunities. market or to be awarded over the next year include the Airport Link tollroad and Goodna Bypass in Ageing infrastructure, a growing population, a Brisbane, and desalination plants in Western resources boom and issues such as the drought, Australia and Victoria. continue to support a positive long term outlook for investment in infrastructure. The Australian Sustained investment in new mines and resources construction market, which has been through a related infrastructure is providing a significant level of strong upswing in recent years, should continue to construction and process engineering opportunities see infrastructure spending remain at recent for the Group, which in turn will lead to new supply historical high levels. coming on-stream. Export volumes should therefore be much stronger supporting good opportunities for Construction of transport related infrastructure - contract mining, particularly of iron ore and coal. roads, rails, bridges and ports - is expected to be maintained at high levels, driven in the medium term The non-residential property market is forecast to by; the Federal Government’s $22 billion Auslink II peak in terms of activity levels in 2007/08 after program, commencing from 2008/09; State reaching an all time high in the last year. Leighton Government’s focusing on improving public transport Properties’ portfolio of developments, and a number and freight transport and handling; and of social infrastructure projects - including new improvements required at ports and associated rail to hospitals,only use personal For should maintain the Group’s level of relieve severe capacity constraints. Auslink II is building work. Group companies are represented in expected to result in major regional investments in three of the four shortlisted consortium bidding to the Bruce Highway and the Toowoomba Bypass, build Phase 2 of the $1.2 billion Project Single LEAP, both in Queensland, and the Pacific Highway and the which will provide new accommodation for defence F3-Branxton Link in New South Wales. forces personnel around the country. Whilst the spending emphasis within the roads sector Asia is forecast to continue growing strongly and the is likely to move from toll roads towards national Group is leveraged both directly – undertaking mining highways, there are still a considerable number of

Leighton Holdings Limited JUNE 2007 QUARTERLY UPDATE Page 7 major tollroads slated for construction including the While around half of all services work is contracted Eastern Freeway Extension in Melbourne, F3-M2 out to the private sector, this proportion is growing as Orbital Link and the F6 Link in Sydney, and the State Governments struggle to cope with demand Northern Link in Brisbane. and industry-wide capacity constraints, presenting opportunities for the Group to deliver these services. Governments around the country are responding to a water supply crisis which is resulting in commitments Asia, led by China and to a lesser extent India, to desalination plant in almost every State, including remains a primary driver of global growth and the a second plant for Western Australia, a $3 billion region is expected to continue growing strongly. plant for Melbourne, and Sydney finally committing to its $1 billion plant. Queensland is also progressing its Indonesia, which is blessed with a wealth of natural commitment to new dams at Traverston Crossing resources, will continue to provide Thiess and and Wyalong. Leighton International with a solid base level of contract mining work. The country’s grand In electricity, the transmission and distribution infrastructure plans remain on the agenda and may, network owners are in the midst of significant in time, provide opportunities but their improvements and augmentation of their systems. implementation to date has been limited. Continued growth in demand for electricity, with peak demand exceeding supply at certain times, is likely to Hong Kong has a significant backlog of both private provide a catalyst for further expenditure. This is and public projects, and investment and construction likely to include a mix of coal, gas and other more is forecast to see a 20% increase in spending over environmental friendly generating sources. the next three years to 2009, once the government overcomes the current delays in progressing major The telecommunications industry is awaiting projects. Two large infrastructure projects on the broadband and fibre-to the-node announcements by drawing board are for Container Terminal 10 and a the Government which could see over $5 billion bridge from Hong Kong to Zhuhai to cut transport spent around the nation over the next few years. costs to the mainland.

Demand for raw materials, particularly coal and iron Macau is expected to support strong levels of ore, is forecast to remain at high levels, for the construction activity for Leighton Asia over the next foreseeable future. Demand will continue to be five years with planning underway for further casinos, underpinned by the remarkable growth in China’s entertainment complexes and supporting economy, which should support good long-term infrastructure. Macau aspires to be an entertainment, opportunities for contract mining. resort and conference hub similar to Las Vegas, which will support an influx of Chinese visitors and Recognising China’s demand, the major mining encourage longer stays in the city. companies are continuing to develop resources projects. In Australia, the value and number of The Indian Government, recognising that projects completed or presently under construction is infrastructure – such as transport networks and dwarfed by some $112 billion worth of resources reliable essential services – is key to continuing projects undergoing feasibility, of which almost half economic growth, is investing heavily. India is are oil and gas related. These projects should developing some 10,000km of national highway and provide opportunities for future heavy and process 2,700km of dedicated rail freight corridors. engineering work. Spiralling demand for power is being met by new After almost six years of upswing, the non-residential generating capacity, delivered by a mix of public sector is forecast to begin to drop in 2008/09, leading spending and by private developers. Opportunities to a gradual decline in the value of work done over for contract mining are emerging in the resources the medium term. Positive drivers are still evident, sector, where 26 coal blocks with reserves of over including: the office market, which should be 8.5 billion tonnes have been allotted to government sustained by strong employment growth; companies for development and approved end users. the industrial market, which will be supported by a positive business environment; and retail Other significant emerging needs are for airport construction, on the back of an upswing in consumer infrastructure, hotel accommodation, tourism facilities spending. A number of health and education projects, and retail infrastructure. Leighton International, either largely sponsored by State Governments, should directly or through its joint ventures with Emaar MGF

helponly use personal For maintain activity levels. and Thiess, is targeting a number of toll road, airport, oil and gas, and building and contract mining The services market, across transport, utilities, opportunities. mining and the property sector continues to grow and is approaching $30 billion per annum. The increasing Buoyed by unprecedented oil revenues the Gulf number and value of operations and maintenance States are increasing spending on services, service contracts is being driven by sustained levels investment and infrastructure. In addition, there are of investment in infrastructure and buildings around massive private investments in real estate, Australia. commercial, residential and tourism projects.

Leighton Holdings Limited JUNE 2007 QUARTERLY UPDATE Page 8

Projects planned or already under development in the region are estimated to be worth in excess of US$1.4 trillion, making the Gulf the biggest construction market in the world on a per capita basis.

Leighton Asia is currently pursuing mining prospects in the Philippines, Thailand and China, and building work in Vietnam and the Philippines. Leighton Asia is also pursuing a major toll road opportunity in Inner Mongolia in China, related to the transport of coal and has opened an office in Guam in order to pursue work associated with the relocation of US Marines from Okinawa in Japan. Korea is encouraging the entry of foreign contractors and Leighton Asia has established a presence in that market to pursue infrastructure related opportunities.

The Group continues to pursue other opportunities to further diversify the business. An entry has been made, through the stake in Devine, into the residential property market and other opportunities will be explored on a stand-alone basis and with Devine. The Group is also pursuing initiatives to take a greater role in the development of property, infrastructure and resources projects, which complement our contracting skills, and continue diversifying the contracting base, primarily in Australia, in markets such as services and potentially defence.

The outlook in the longer-term remains very positive. The sustained strength of the Australian infrastructure market, complemented by the ongoing demand for Australia’s resources, provide support for the Group’s construction and contract mining activities. The Group also has a growing presence in Asia and the Gulf – the fastest growing region of the world – and a great opportunity to further extend the business in this market.

The strength of - and opportunities provided by - these markets should maintain work in hand at around $20 billion for the next few years. That workload should continue to deliver growth in revenue and profit, and provide a good level of returns to shareholders.

For personal use only use personal For

Leighton Holdings Limited JUNE 2007 QUARTERLY UPDATE Page 9 Investments and Property Developments

Investments

Engineering & Infrastructure ƒ WestLink Motorway Limited: Leighton ƒ 100 Pacific Highway: Leighton Properties holds Contractors has 5% of the consortium that owns, a 50% share in a commercial office tower operates and maintains the M7 WestLink development in North Sydney. Motorway in Sydney. ƒ Sydney Airports: Leighton Properties holds a ƒ Connector Motorways: Thiess and John 33⅓% stake in leasehold development land at Holland have 11% of the consortium that owns, Bankstown airport, a 24% interest in leasehold operates and maintains the Lane Cove Tunnel in land at Camden airport and a 50% stake in Sydney. freehold development land at Hoxton Park ƒ ConnectEast Group: Thiess and John Holland airport, in Sydney. have 15.2% of the consortium that will own, ƒ Delhi Road: Leighton Properties has developed operate and maintain the EastLink Project in a commercial office building in North Ryde, in Melbourne. Sydney. ƒ RiverCity Motorway: Leighton Contractors has a ƒ Matraville: Leighton Properties owns a 7.8% share of the consortium that will own, development site at Matraville in Sydney where operate and maintain the RiverCity Motorway in an industrial estate is proposed. Brisbane. ƒ Mulgrave: Leighton Properties is developing a ƒ James Fielding Infrastructure: Leighton suburban office park in Melbourne. Holdings holds a 50% stake in a funds ƒ Toorak Road: Leighton Properties owns a management joint venture with Mirvac. development site in Toorak, Melbourne. ƒ North Luzon Expressway: Leighton Asia holds ƒ Bay Road: Leighton Properties owns a a 16.5% stake in the Manila North Tollway development site at Cheltenham in Melbourne Corporation in the Philippines. where a suburban office park and industrial ƒ Oriental Pathways (Agra): Leighton precinct is proposed. International holds a 15% stake in the consortium ƒ Robinsons Road: Leighton Properties holds a developing a tollway between Agra and 50% share in a development site at Ravenhall in Bharatpur in India. Melbourne. ƒ Oriental Pathways (Indore): Leighton International holds a 15% stake in the consortium Property Developments developing a tollway between Indore to Khalghat in India. ƒ St Pauls Terrace: Leighton Properties is developing a site in Brisbane with two office Mining and Resources buildings, a high-tech utility building and a ƒ Burton Coal Mine: Thiess holds a 5% community facility centre for ISPT. investment in the Burton Coal Mine in ƒ Marcus Clarke: Leighton Properties is Queensland. The other 95% is owned by developing a commercial office tower in Canberra Peabody. for ISPT. ƒ London Circuit: Leighton Properties is Property developing a commercial office tower in Canberra ƒ Praeco: Leighton Contractors has a 50% share for ISPT. in the consortium that will own and operate the new Defence Headquarters Joint Operations Command in New South Wales. ƒ Viridian Noosa: Leighton Properties holds a 50% share in a property at Noosa in Queensland where a residential/resort development is being developed. ƒ 400 George Street: Leighton Properties holds a 50% share in a development site in Brisbane where a commercial office tower is being developed. ƒ 512 Wickham Road: Leighton Properties holds a For personal use only use personal For 50% share in a development site in Brisbane where a commercial offie will be constructed. The other 50% is owned by Leighton Contractors.

Note: Investments - Indicates investments owned by the Group, Note: Property developments – Indicates a development where either infrastructure, resources or property related. the Group does not own the underlying property.

Leighton Holdings Limited JUNE 2007 QUARTERLY UPDATE Page 10

Operational Analysis

Operating Revenue Work in Hand

Group June 2007 June 2006 Group June 2007 Dec 2006 June 2006 by Company $M (%) $M (%) by Company $M (%) $M (%) $M (%) Thiess 4,752 (40) 4,318 (43) Thiess 8,779 (42) 8,671 (43) 7,350 (46) Leighton Contractors 3,202 (27) 2,258 (22) Leighton Contractors 6,884 (33) 6,444 (32) 3,928 (24) John Holland 2,409 (20) 2,101 (21) John Holland 3,140 (14) 3,179 (16) 2,854 (18) Leighton International 816 (7) 494 (5) Leighton International 1,671 (8) 1,327 (7) 1,335 (8) Leighton Properties 387 (3) 368 (4) Leighton Properties 0 (0) 0 (0) 115 (1) Leighton Asia 325 (3) 477 (5) Leighton Asia 611 (3) 475 (2) 456 (3) TOTAL 11,891 (100) 10,016 (100) TOTAL 21,085 (100) 20,096 (100) 16,038 (100)

Group June 2007 June 2006 Group June 2007 Dec 2006 June 2006 by Market $M (%) $M (%) by Market $M (%) $M (%) $M (%) Engineering & 4,865 (41) 4,191 (42) Engineering & 7,845 (37) 7,559 (38) 5,628 (35) Infrastructure Infrastructure Mining & Resources 3,386 (28) 2,601 (26) Mining & Resources 9,009 (43) 7,720 (38) 6,830 (42) Building & Property 1,696 (14) 1,826 (18) Building & Property 1,808 (9) 1,616 (8) 1,200 (8) Services 1,944 (17) 1,398 (14) Services 2,423 (11) 3,201 (16) 2,380 (15) TOTAL 11,891 (100) 10,016 (100) TOTAL 21,085 (100) 20,096 (100) 16,038 (100)

Australia/Pacific June 2007 June 2006 Australia/Pacific June 2007 Dec 2006 June 2006 by Market $M (%) $M (%) by Market $M (%) $M (%) $M (%) Engineering & 4,241 (41) 3,579 (43) Engineering & 6,877 (39) 6,573 (39) 4,399 (35) Infrastructure Infrastructure Mining & Resources 2,716 (26) 1,837 (22) Mining & Resources 6,763 (39) 6,146 (37) 4,747 (38) Building & Property 1,473 (14) 1,532 (18) Building & Property 1,406 (8) 1,421 (8) 1,070 (8) Services 1,942 (19) 1,386 (17) Services 2,406 (14) 2,745 (16) 2,361 (19) TOTAL 10,372 (100) 8,334 (100) TOTAL 17,452 (100) 16,885 (100) 12,577 (100)

Asia June 2007 June 2006 Asia June 2007 Dec 2006 June 2006 by Country $M (%) $M (%) by Country $M (%) $M (%) $M (%) Indonesia 691 (45) 928 (55) Indonesia 2,231 (61) 1,598 (50) 2,059 (59) Hong Kong/Macau 256 (17) 447 (26) Hong Kong/Macau 680 (19) 436 (13) 409 (12) India 225 (15) 76 (5) India 213 (6) 481 (15) 102 (3) Malaysia 170 (11) 168 (10) Malaysia 35 (1) 118 (4) 206 (6) Gulf 142 (9) 50 (3) Gulf 432 (12) 516 (16) 583 (17) Other 35 (3) 13 (1) Other 42 (1) 62 (2) 102 (3) TOTAL 1,519 (100) 1,682 100 TOTAL 3,633 (100) 3,211 (100) 3,461 (100)

Note 1: Operating revenue includes the Group’s share of Note 1: Work in hand only includes work for 5 years from the reporting joint venture entities’ revenue. date. The value of long-term contracts running past June 2012 is Operating revenue does not include ‘Other revenue’. not included.

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Leighton Holdings Limited JUNE 2007 QUARTERLY UPDATE Page 11

Significant Current Contracts - Total contract values are shown for all projects (less than 95% complete), including joint ventures (JVs), with the figures in brackets indicating the operating company’s share of the contract. - For long term contracts extending beyond five years, the total contract value shown includes the value of work completed to date plus five years worth of work in hand.

Thiess ƒ $491m JV for earthworks at the Loy Yang power ƒ $790m for contract mining services at the station, Gippsland, Vic, for SECV. Prominent Hill copper-gold mine, SA, for Oxiana. ƒ $370m in contracts for design, construction and ƒ $356m ($178m) JV to construct the Lake Lindsay mining operations at the Wilpinjong coal mine, Alliance Coal Plant & Works, Qld, for Anglo Coal. Wollar, NSW, for Wilpinjong Coal. ƒ $352m ($176m) JV for the Metro Alliance ƒ $370m ($185m) JV for the Dawson Project coal Wastewater Treatment Plant Upgrades, WA, for handing and preparation plant, Moura, Qld, for Water Corporation of WA. Anglo Coal. ƒ $300m to construct the Coopernook to Herons ƒ $368m for construction and mining for the Creek section of the Pacific Highway, NSW, for Curragh North Project, Blackwater, Qld, for NSW Roads & Traffic Authority. Wesfarmers. ƒ $275m to construct the Hinze Dam - Stage 3, ƒ $304m for engineering, procurement and Advancetown, Qld, for Gold Coast City Council. construction at Project Magnet, Whyalla, SA, for ƒ $275m ($89m) alliance for rail duplication for the OneSteel. Trackstar Alliance - Caboolture to Beerburrum ƒ $142m to design and construct the Westmead section, Qld, for Queensland Rail. Hospital Redevelopment (Stage 1), NSW, for ƒ $238m to construct a building at 400 George Western Sydney Area Health Services. Street, Brisbane, Qld, for Leighton Properties and ƒ $140m ($70m) JV to design and construct Grosvenor Aust. overland conveyors at the Dawson coal mine, ƒ $122m to design and construct the Bundamba Moura, Qld, for Anglo Coal. Advanced Water Treatment Plant, Bundamba, ƒ $134m alliance for operation and maintenance of Qld, for the Qld Govt. the Perth Metro North water, wastewater and ƒ $121m to construct the Polaris data centre, Qld, drainage services, WA, for Water Corporation of for Springfield Land Corp. WA. ƒ $93m to construct the Townsville ring road, Qld, ƒ $96m to construct an office building at 18 Marcus for Qld Dept of Main Roads. Clarke St, Canberra, ACT, for Leighton ƒ $54m to construct the City West cable tunnel, Properties. Pyrmont, NSW, for Energy Australia. ƒ $81m alliance to design and construct stage 1 of ƒ $53m to design and construct the Harcourt North the Boggo Rd to Buranda Busway, Brisbane, section of the Calder freeway, Vic, for Vic Roads. Qld, for Qld Dept of Transport. ƒ $41m to construct the Lang Hancock Rail ƒ $67m to construct an office building at London Project, Pilbara, WA, for Hamersley Iron. Circuit, Canberra, ACT, for Leighton Properties. ƒ $2.54bn ($1.27bn) JV to design, construct and ƒ $58m for electrification and construction of the commission the Eastlink Tollway, Mitcham to Craigburn Rail Project, Vic, for Director of Public Frankston, Vic, for ConnectEast. Transport. ƒ $2bn for mining operations at the Burton coal mine, Qld, for Burton Coal. PT Thiess Contractors Indonesia ƒ $1.86bn for mining operations at the Mt Owen ƒ $1.63bn for mining and related works at the coal mine, NSW, for Hunter Valley Coal Corp. Senakin and Satui coal mines, South Kalimantan, ƒ $1.41bn for mining operations at the Collinsville Indonesia, for Arutmin Indonesia. coal mine, Qld, for Mt Isa Mines and Itochu Coal ƒ $1.43bn for mining and related works at the KPC Resources Australia. (Sangatta) coal mine, East Kalimantan, ƒ $982m ($491m) JV to design and construct the Indonesia, for Kaltim Prima Coal. Parramatta rail link, Sydney, NSW, for NSW Dept ƒ $89m for engineering, procurement, construction, of Transport. testing and commissioning of the Darajet Unit III ƒ $793m alliance for mining operations at the Mt Power Plant, West Java, Indonesia, for Chevron Keith nickel mine, North Eastern Goldfields, WA, Texaco Energy Indonesia. For personal use only use personal For for BHP Billiton.

ƒ $759m in management contracts for mining and

infrastructure works at the South Walker Creek

coal mine, Coppabella, Qld, for BHP Mitsui Coal.

Note: ■ indicates new project secured between 1 July 2006 – 30 June 2007 ƒ Indicates significant on-going project

Leighton Holdings Limited JUNE 2007 QUARTERLY UPDATE Page 12

Thiess Services ƒ $439m ($220m) JV for National Telepower John Holland design and construct services, across Aust, for ƒ $995m ($647m) JV for the design, construction, Telstra. operations and maintenance of the Gold Coast ƒ $123m alliance for the operation of transfer Desalination Alliance, Qld, for South East Qld stations and landfills, Qld, for Brisbane City (Gold Coast) Desalination Co. Council. ƒ $378m ($111m) JV to manage the construction ƒ $94m to provide waste services, NSW, for of the City of Dreams development, Macau, for /Wyong Councils. Melco PBL Entertainment. ƒ $83m ($42m) JV for the provision of Sentinar ƒ $295m to construct sewer tunnels for the Telepower management services, across Aust, Northern Sewer Project 1, Melbourne suburbs, for Telstra. Vic, for Melbourne Water. ƒ $58m to operate and maintain the Metro Water ƒ $266m to construct the Dalrymple Bay Coal utility network, New Zealand, for Metro Water. Terminal 7X marine works, Qld, for Babcock and ƒ $737m ($369m) JV with Siemens, operating as Brown Infrastructure. Silcar, for fixed plant maintenance and ƒ $146m to design and construct the Reliance Rail telecommunications, across Aust, for various PPP train maintenance facility, Sydney, NSW, for clients. EDI Rail. ƒ $289m for the provision of operation and ƒ $136m to construct the Cronulla Rail Line maintenance services for the South East Water duplication, NSW, for Transport Infrastructure Utility Services Alliance, Vic, for South East Development Corp (TIDC). Water. ƒ $133m ($106m) alliance to upgrade the Sunset ƒ $200m to provide various local government Coast waste water treatment plant, Kwinana, waste collection and recycling services, Vic. WA, for Water Corporation of WA. ƒ $189m ($95m) JV to design and construct Telstra ƒ $104m ($52m) alliance to design and construct access services, WA and SA, for Telstra. water and building infrastructure for the Coffs ƒ $163m to provide various local government Infrastructure Alliance, NSW, for Coffs Harbour waste collection and recycling services, ACT and City Council. NSW. ƒ $101m for contract mining at the Werris Creek ƒ $135m to provide water maintenance services, coal mine, Werris Creek, NSW, for Werris Creek Vic, for Melbourne Water. Coal. ƒ $117m for electricity works for the South West ƒ $69m management contract for construction of Interconnected System, WA, for Western Power. the National Portrait Gallery, Canberra, NSW, for ƒ $102m for utilities maintenance contracts, Dept of Finance & Administration. Moorabbin, Vic, for Alinta. ƒ $115m ($57m) alliance for a wastewater and ƒ $84m for site remediation at Homebush Bay, recycling project, Mackay, Qld, for Mackay City NSW, for RHB. Council. ƒ $51m in sludge treatment contracts, across Aust, ƒ $53m for the Rousehill Stage 2 water treatment for various public utility and local govt clients. plant, NSW, for Sydney Water. ƒ $45m to operate and maintain a recyclable ƒ $50m alliance to construct transmission lines materials recovery facility, Canberra, ACT, for between Nebo and Broadsound, Mackay, Dept of Urban Services. Queensland, Qld, for Powerlink Qld. ƒ $41m for remediation of the Allied Feeds site, ƒ $37m to construct new mobile telephone sites, NSW, for Australian Remediation Services. NSW, for Telstra. ƒ $37m to construct and maintain overhead and ƒ $36m to construct new mobile telephone sites, underground electrical works, central and far Victoria, for Telstra. north Qld regions, for Ergon Energy. ƒ $35m for a commercial development, Newcastle, ƒ $31m for remediation of the Newstead Riverpark, NSW, for Honeysuckle 231. Qld, for Mirvac. ƒ $2.54bn ($1.27bn) JV to design, construct and ƒ $30m for electrical construction and maintenance commission the Eastlink Tollway, Mitcham to service, North Brisbane, Qld, for Energex. Frankston, Vic, for ConnectEast. ƒ $368m ($294m) JV for the Southern Improvement Alliance (Sydney to Melbourne rail), NSW and Vic, for Australian Rail Track Corp. Hunter Valley Earthmoving ƒ $425m for mining operations at the Liddell coal ƒ $267m ($40m) JV to design and construct part of

mine, NSW, for Liddell Coal Operations. the Kowloon Southern Rail Link, Hong Kong, for For personal use only use personal For ƒ $63m for mining operations at the Westside coal Kowloon Canton Railway Corp. mine, NSW, for Oceanic Coal Australia. ƒ $255m for rail infrastructure maintenance, Perth, WA, for WestNet Rail. ƒ $232m to construct educational facilities for the Southbank TAFE redevelopment, Brisbane, Qld, for ABN AMRO Australia - Axion Education Qld.

Note: ■ Indicates new project secured between 1 July 2006 – 30 June 2007 ƒ Indicates significant on-going project

Leighton Holdings Limited JUNE 2007 QUARTERLY UPDATE Page 13

ƒ $166m ($83m) JV to construct and upgrade port ƒ $41m to construct the St Cecilias Housing facilities, Pilbara, WA, for BHP Billiton. project, Port Hedland, WA, for BHP Billiton. ƒ $135m to construct special operations working ƒ $38m for civil works for the Waubra Wind Farm, accommodation, Holsworthy, NSW, for Dept of Vic, for Acciona Energy Oceana. Defence. ƒ $34m to construct the Caboolture bypass project, ƒ $103m to contract manage the Priority Sewerage Qld, for Qld Dept of Main Roads. Program Alliance, NSW, for Sydney Water. ƒ $32m to construct the Henderson submarine ƒ $103m ($52m) JV for construction works for the maintenance facility, WA, for Australian Ross River Dam, Qld, for NQ Water. Submarine Corporation. ƒ $78m alliance to design, construct and operate ƒ $654m for mining operations at the Yandi iron the Merrimac wastewater treatment plant, Qld, ore mine, near Newman, WA, for BHP Billiton. for Gold Coast City Council. ƒ $531m for mining operations at the Area C iron ƒ $71m to construct the Bathurst Hospital, NSW, ore mine, near Newman, WA, for BHP Billiton. for NSW Minister of Health. ƒ $397m for mining operations at the Poitrel coal ƒ $69m ($26m) JV to maintain the rail line from mine, Qld, for BHP Mitsui Coal. Tarcoola to Alice Springs, NT and SA, for ƒ $379m for mining operations at the Rotowaro Freightlink. coal mine, Huntley, Nth Island, NZ, for Solid ƒ $39m to construct a flour mill, Picton, NSW, for Energy. Allied Mills Australia. ƒ $323m to design and construct the North West ƒ $38m to upgrade the Perth Central Law Courts, Transitway, NSW, for the NSW Roads & Traffic WA, for the WA Govt. Authority. ƒ $316m for mining operations at the Callie gold mine, near Alice Springs, NT, for Newmont. ƒ $273m to construct the Inner Northern Busway - Leighton Contractors Queen St to Roma St section, Qld, for Qld Dept ƒ $1.95bn ($973m) JV to design and construct the of Transport. North South Bypass Tunnel, Qld, for Rivercity ƒ $250m ($125m) to design, construct and manage Motorway. the Northern Gateway Alliance, Orewa, Nth ƒ $1.33bn ($667m) JV to design and construct the Island, NZ, for Transit NZ. Gateway Upgrade, Qld, for Qld Motorways. ƒ $225m for mining operations at the ƒ $522m ($360m) alliance to construct the Perth to Koolyanobbing iron ore mine, near Southern Bunbury Hwy, WA, for Main Roads WA. Cross, WA, for Portman. ƒ $515m for contract mining at the Middlemount ƒ $199m for mining services for the Peak Downs coal mine, Qld, for Custom Mining (Middlemount) and Saraji coal mines, Mackay, Qld, for BM Pty Ltd. Alliance Coal Operations. ƒ $390m for mining operations at the SMR Magnet ƒ $194m for mining operations at the St Ives gold mine, Whyalla, SA, for OneSteel Manufacturing. mine, Kambalda, WA, for St Ives Gold Mining. ƒ $244m to construct the Defence Headquarters ƒ $192m ($96m) JV for mining operations at the facility, Bungendore, NSW, for Praeco. Cockatoo iron ore mine, Cockatoo Island, WA, ƒ $209m to design and construct the Deer Park for Portman. Bypass, Vic, for Vic Roads. ƒ $184m for mining operations at the Moorvale ƒ $187m to design and construct the Ipswich coal mine, Coppabella, Qld, for Australian Logan Interchange Upgrade, Qld, for Qld Dept of Premium Coals. Main Roads. ƒ $170m ($85m) JV to design and construct the ƒ $146m for mining operations at Orebody 23/25, Manukau Motorway Link, New Zealand, for Newman, WA, for BHP Billiton Iron Ore. Transit NZ. ƒ $116m to design and construct the Dynon Port ƒ $133m to design and construct the Liverpool rail link, Melbourne, Vic, for Dept of Ashfield pipeline, NSW, for Sydney Water. Infrastructure. ƒ $94m for mining operations at the Duralie coal ƒ $106m ($53m) to design and construct the Gap mine, Hunter Valley, NSW, for Gloucester Coal. Ridge Village, Karratha, WA, for Woodside ƒ $91m for mining operations at the Favona gold Burrup Pty Ltd. mine, Waihi, Nth Island, NZ, for Newmont. ƒ $103m to design and construct the Green Square ƒ $91m to construct the Shannon Creek storage North Tower, Bowen Hills, Qld, for Leighton facility, NSW, for Clarence Valley Council. Properties. ƒ $84m to design and construct an office building ƒ $99m to design and construct Package B of the at Green Square, Bowen Hills, Qld, for Leighton South West Transport Corridor, Redbank Plains, Properties.

For personal use only use personal For Qld, for Qld Dept of Main Roads. ƒ $80m for Telstra Access Services, Vic, for ƒ $85m for advanced works for the Dalby bio- Telstra. refinery project, Brisbane, Qld, for Dalby Bio ƒ $62m to construct the 9th Force Support Refinery Ltd. Battalion facilities, Amberley, Qld, for Dept of ƒ $49m to redevelop the Tweed City Shopping Defence. Centre, Qld, for SAS Trustee Corporation.

Note: ■ Indicates new project secured between 1 July 2006 – 30 June 2007 ƒ Indicates significant on-going project

Leighton Holdings Limited JUNE 2007 QUARTERLY UPDATE Page 14

ƒ $59m to operate and maintain the Emergency ƒ $48m to design and construct the Motorola Alerting System, across Vic, for Dept of Justice. facility, Tamil Nadu, India, for Motorola India Pvt ƒ $54m to design and construct rail turnbacks at Ltd. Homebush and Lidcombe, NSW, for Transport ƒ $557m to construct the Al-Shaqab Equestrian Infrastructure Development Corp (TIDC). Centre, Doha, Qatar, for Qatar Foundation for ƒ $44m for mining operations at the Broadmeadow Education, Science and Community coal mine, Moranbah, Qld, for BMA. Development. ƒ $43m for mining operations at the Challenger ƒ $310m to design and construct the 26km Kuala gold mine, NW of , SA, for Dominion Lumpur to Putrajaya Highway, Malaysia, for Maju Mining. Holdings Sdn Bhd. ƒ $144m ($72m) JV to upgrade port facilities, Port Hedland, for BHP Billiton. ƒ $108m for mining operations at the Gudang Leighton Asia Hitam coal mine, East Kalimantan, Indonesia, for ƒ $409m ($205m) JV to construct the Wynn PT Asia Energy. Resorts Diamond Suites, Macau, for Wynn ƒ $104m in mining services at the Toka Tindung Resorts. Gold mine, North Sulawesi, Indonesia, for PT ƒ $378m ($151m) JV to manage the construction Meares Soputan Mining/Archipelago Resources. of the City of Dreams development, Macau, for ƒ $58m ($29m) JV to construct roads and Melco PBL Entertainment. infrastructure at the City of Arabia, Dubai, for ƒ $457m ($206m) JV for the reclamation and Liyas & Mustafa Galadari Management Inv. & construction of Central Reclamation Phase III, Development. Hong Kong, for the Hong Kong Government. ƒ $53m to construct a crude oil pipeline, Kochi, ƒ $307m ($157m) JV to design and construct the India, for Kochi Refineries. Eagles Nest Tunnel, Hong Kong, for HK ƒ $43m ($30m) JV to construct and operate a coal Government Highways Dept. washplant, Sebuku, Indonesia, for Bahari ƒ $274m ($137m) JV to design and construct the Cakrawala Sebuku. Wynn Resort expansion project, Macau, for Wynn Resorts. ƒ $267m ($107m) JV to design and construct part of the Kowloon Southern Link, Hong Kong, for Kowloon Canton Railway Corp. ƒ $113m to design and construct the Hong Kong permanent aviation fuel facility, for ECO Aviation Fuel Developments. ƒ $70m for construction, mining and maintenance at the Rapu Rapu polymetallic mine, Philippines, for Rapu Rapu Minerals Inc.

Leighton International ƒ $622m for mining operations at the Wahana coal mine, Satui, South Kalimantan, Indonesia, for PT Wahana Baratama Mining. ƒ $164m to construct marine facilities for the Jamnagar Export Refinery Project, Gujarat, India, for Reliance Ports and Terminals Ltd. ƒ $152m ($76m) JV to construct 72km of roadworks on National Highway 3 between Indore and Khalghat, Madhya Pradesh, India, for Oriental Structural Engineers Pvt Ltd. ƒ $144m for mining operations at the MSJ coal mine, East Kalimantan, Indonesia, for PT Mahakam Sumber Jaya. ƒ $85m for mining operations at the MHU coal mine, East Kalimantan, Indonesia, for PT Multi For personal use only use personal For Harapan Utama. ƒ $68m ($34m) JV to construct 45km of roadworks on National Highway 11 between Agra and Bharatpur, Uttar Pradesh & Rajasthan, India, for Oriental Structural Engineers Pvt Ltd.

Note: ■ Indicates new project secured between 1 July 2006 – 30 June 2007 ƒ Indicates significant on-going project

Leighton Holdings Limited JUNE 2007 QUARTERLY UPDATE Page 15

APPENDIX 4E PRELIMINARY FINAL REPORT FOR THE YEAR ENDED 30 JUNE 2007

ISSUED 14 AUGUST 2007 For personal use only use personal For

Leighton Holdings Limited A.B.N 57 004 482 982

Level 5, 472 Pacific Highway St Leonards NSW 2065 Australia www.leighton.com.au T (02) 9925 6666 F (02) 9925 6005

Results for Announcement to the Market for the year ended 30 June 2007

Name of entity LEIGHTON HOLDINGS LIMITED

ACN 004 482 982

A$'000 Revenue Up 18% to 10,011,292

Revenue – joint ventures Up 24% to 1,880,197

Revenue – Group and joint ventures Up 19% to 11,891,489

Profit attributable to members of the parent entity Up 63% to 450,042

Brief explanation of the figures reported above: refer to page 3 of this document.

Dividends Amount per security Franked amount per security

Final dividend (franked) 65.0¢ 32.5¢ (50%)

Previous corresponding period (franked) 41.0¢ 20.5¢ (50%)

Ex dividend date 10 September 2007

Record date for determining entitlements to the dividend 14 September 2007

Date for payment of dividend 28 September 2007

The Annual General Meeting will be held as follows:

The Grand Ballroom Place Four Seasons Hotel 199 George Street, Sydney

Date 8 November 2007

For personal use only use personal For Time 10.00am

Approximate date the Annual Report will be available Late September 2007

APPENDIX 4E Leighton Holdings Limited Page 2 Preliminary Final Report for the Year Ended 30 June 2007

Commentary on the Results for the year ended 30 June 2007

Total revenue including joint ventures of $11.9 billion is higher than June 2006 by $1.9 billion (19%) mainly due to the strong mining revenue of HWE operations in Leighton Contractors and all divisions having a better work volume year.

The profit before tax increased by $213 million (57%) with all divisions reporting an increased profit for the year. The Directors are pleased to report that Group profit after tax and minority interest for the year was up by 63% to $450 million compared to $276 million last year. The result for Leighton Contractors was significantly higher than 2006 reflecting the Henry Walker Eltin contribution for the whole year and a general increase in the operations. Leighton International has more than doubled their 2006 profits with all geographic regions exceeding their forecasts. Thiess maintained their contribution to the Group, notwithstanding a reduction in Indonesia due to the difficult Process projects, Darajat and Suban. Leighton Asia, John Holland and Leighton Properties all had good profit improvements for the year.

The increase in profit of 63% has resulted in the dividends for the year being increased to 110 cents per share, a 68% payout ratio. The final dividend of 65 cents per share will be franked at 50%. Earnings per share have increased to $1.62 with net tangible assets of $4.56 ($3.77 - 2006) per share.

Work in hand of $21 billion is up over $5 billion from June 2006. A record level of work was won (with variations and extensions to mining contracts) totalling $16.7 billion - up 63% on 2006. Major project awards for Leighton Contractors were the joint ventures on NSBT and Gateway Bridge upgrade ($1.7 billion); Leighton International the Wahana coal mine ($620 million); Gold Coast Desalination Plant Alliance by John Holland ($1 billion) and the Prominent Hill copper-gold mine for $790 million by Thiess.

Total equity increased by $251 million to a record of $1.4 billion due to the strong current year profits less dividends paid and the revaluation of the group’s investments. The dividends paid in the year totalled $239 million including the 2006 final dividend of 41 cents per share. The Directors have declared a 2007 final dividend of 65 cents per share for a total dividend of 110 cents per share for the year, an increase of 67% in line with the increase in the Group’s profits. For non-resident and corporate shareholders the unfranked component of the dividend will include 32.5 cents per share conduit foreign income.

Total assets increased to $4.8 billion which included a strong increase in the plant to support the mining operations and trade and other receivables relating to the increased level of work volumes by the Group. The Group also made investments in the property development operations and the acquisition of 40% of Devine.

The Group continued to utilise the operating lease facility with the Commonwealth Bank of Australia to provide additional capacity and flexibility for the financing and risk management of the Group’s major plant fleets. The net plant purchases of $552 million have increased owned plant and equipment to $1.3 billion mainly in Leighton Contractors, Leighton International and John Holland.

Inventoriesonly use personal For increased to $232 million mainly as a result of an increase in plant inventories and purchase of development property assets. The investment in associate and joint ventures has increased to $260 million following the $96 million acquisition of shares in Devine.

The increase in goodwill results from the purchase of the mining services contractor Marshall’s by John Holland.

APPENDIX 4E Leighton Holdings Limited Page 3 Preliminary Final Report for the Year Ended 30 June 2007

Commentary on the Results continued for the year ended 30 June 2007

Trade payables have also increased as a result of the increasing work volumes while the provisions, which mainly relate to employees (annual leave, long service leave, sick leave, etc), have increased. The total Group employees at June was 27,834 compared to 25,405 at June 2006

The total level of guarantees and cash facilities for the Group is $3 billion of which the Group has $740 million available at year end. The Group has maintained the use of its performance and financial guarantees at approximately $2.1 billion during the year.

For personal use only use personal For

APPENDIX 4E Leighton Holdings Limited Page 4 Preliminary Final Report for the Year Ended 30 June 2007

Income Statement for the year ended 30 June 2007

Consolidated 2007 2006 Note $’000 $’000

Revenue 2 10,011,292 8,519,705 Expenses 3 (9,505,519) (8,203,191) Finance costs (34,255) (25,557) Share of profits of associates and joint venture entities* 112,578 80,196 Profit before tax 584,096 371,153 Income tax expense (128,860) (93,764) Profit for the year 455,236 277,389

Attributable to: Members of the parent entity 450,042 276,069 Minority interest 5,194 1,320 Profit for the year 455,236 277,389

Basic earnings per share 162.3 ¢ 100.2 ¢ Diluted earnings per share 162.0 ¢ 100.0 ¢ Dividends per share - Interim 6 45.0 ¢ 25.0 ¢ - Final 6 65.0 ¢ 41.0 ¢

* Interest costs, tendering expenses, overheads, corporate expenses and taxation of the Consolidated Entity have

not been allocated to associates and joint venture results. For personal use only use personal For

APPENDIX 4E Leighton Holdings Limited Page 5 Preliminary Final Report for the Year Ended 30 June 2007

Statement of Recognised Income and Expense for the year ended 30 June 2007

Consolidated 2007 2006 $’000 $’000

Foreign exchange translation differences (net of tax) (30,909) 8,031 Effective portion of changes in fair value of cash flow hedges (net of tax) 48,309 205 Change in fair value of available-for-sale assets (net of tax) 14,837 8,994 Change in value of associate’s equity 487 10,658 Net income recognised directly in equity 32,724 27,888 Profit for the year 455,236 277,389 Total recognised income and expense for the year 487,960 305,277

Attributable to: Members of the parent entity 482,766 303,957 Minority interest 5,194 1,320 Total recognised income and expense for the year 487,960 305,277

For personal use only use personal For

APPENDIX 4E Leighton Holdings Limited Page 6 Preliminary Final Report for the Year Ended 30 June 2007

Balance Sheet as at 30 June 2007

Consolidated 2007 2006 Note $’000 $’000

Assets Cash and cash equivalents 831,372 809,850 Trade and other receivables 1,727,119 1,508,420 Current tax assets 29,131 31,028 Inventories 231,817 117,975 Investments accounted for using the equity method 260,106 175,869 Other investments 180,050 151,685 Deferred tax assets 139,308 70,624 Property, plant and equipment 1,258,619 882,939 Goodwill 87,680 54,898 Total assets 4,745,202 3,803,288

Liabilities Trade and other payables 2,504,968 1,951,010 Current tax liabilities 177,219 36,476 Provisions 346,306 320,934 Interest-bearing liabilities 32,698 42,950 Leighton Finance International Notes 14 129,412 148,649 Leighton Notes 15 200,000 200,000 Total liabilities 3,390,603 2,700,019

Net assets 1,354,599 1,103,269

Equity Share capital 480,988 479,744 Reserves 35,127 (292) Retained earnings 7 834,358 623,449 Total equity attributable to equity holders of the parent 1,350,473 1,102,901 Minority interest 4,126 368 Total equity 8 1,354,599 1,103,269

only use personal For

APPENDIX 4E Leighton Holdings Limited Page 7 Preliminary Final Report for the Year Ended 30 June 2007

Statement of Cash Flows for the year ended 30 June 2007

Consolidated 2007 2006 Note $’000 $’000

Cash flows from operating activities Cash receipts in the course of operations (including GST) 10,892,988 8,598,151 Cash payments in the course of operations (including GST) (9,607,966) (7,679,206) Dividends received 6,297 - Interest received 30,292 16,694 Finance costs paid (34,252) (25,646) Income taxes paid (86,334) (92,835) Net cash from operating activities 12 1,201,025 817,158

Cash flows from investing activities Payments for plant and equipment (857,469) (569,239) Payments for plant and equipment – major component parts (142,298) (164,507) Payments for other property, plant and equipment (25,349) (11,295) Proceeds from sale of property, plant and equipment 305,091 415,441 Payments for investments in controlled entities and businesses 13 (112,713) (261,165) Payments for other investments (197,151) (116,347) Proceeds from sale of other investments 115,122 5,296 Loans to executives repaid - 744 Net cash from investing activities (914,767) (701,072)

Cash flows from financing activities Proceeds from share issues 1,244 57,893 Repayment of borrowings (419,892) - Proceeds from borrowings 409,640 151,707 Distributions to minority interest (1,436) (2,240) Dividends paid (239,133) (152,156) Net cash from financing activities (249,577) 55,204

Net increase in cash held 36,681 171,290 Net cash at the beginning of the year 809,850 635,210 Effects of exchange rate fluctuations on cash held (15,159) 3,350 Net cash at reporting date 831,372 809,850

For personal use only use personal For

APPENDIX 4E Leighton Holdings Limited Page 8 Preliminary Final Report for the Year Ended 30 June 2007

Notes to the Preliminary Final Report for the year ended 30 June 2007

1 Basis of preparation The preliminary final report is presented in Australian dollars and has been prepared on a historical cost basis, except for derivative financial instruments and available-for-sale assets that have been measured at fair value at reporting date.

Leighton Holdings Limited (the “Company”) is a company domiciled in Australia. The preliminary final report of the Company for the year ended 30 June 2007 comprises the Company and its controlled entities (the “Consolidated Entity”) and the Consolidated Entity’s interest in associates and jointly controlled entities.

The preliminary final report is based on the Company’s financial statements which are in the process of being audited and have been prepared in accordance with Australian Accounting Standards (AASBs) (including Australian Accounting Interpretations) adopted by the Australian Accounting Standards Board (AASB) and the Corporations Act 2001. The Company does not expect that there will be any qualifications to its financial statements.

The preliminary final report was authorised for issue by the Directors on 14 August 2007.

For personal use only use personal For

APPENDIX 4E Leighton Holdings Limited Page 9 Preliminary Final Report for the Year Ended 30 June 2007

Notes continued

Consolidated 2007 2006 $’000 $’000 2 Revenue Construction contracting services 5,603,448 4,971,034 Mining contracting services 3,361,050 2,601,326 Property development revenue 312,361 365,372 Other services revenue 690,181 564,845 Revenue from external customers 9,967,040 8,502,577

Interest 37,955 17,128 Dividends/distributions 6,297 - Other revenue 44,252 17,128

Total revenue 10,011,292 8,519,705

The Consolidated Entity’s share of revenue from joint ventures is excluded from Revenue noted above and from the income statement in accordance with Accounting Standards. The delivery of a number of projects by the Consolidated Entity is through various joint venture arrangements. Details of the Consolidated Entity’s share of joint ventures’ revenue are provided as additional information below as Revenue – Group and joint ventures. Revenue – joint ventures represents the Group’s share of the operations of the joint venture or associated entity where the operations are primarily construction or property development.

Revenue – Group and joint ventures Revenue – Group 9,967,040 8,502,577 Revenue – joint ventures 1,880,197 1,513,889 Total revenue – Group and joint ventures 11,847,237 10,016,466 Other revenue 44,252 17,128 Revenue – Group and joint ventures 11,891,489 10,033,594

For personal use only use personal For

APPENDIX 4E Leighton Holdings Limited Page 10 Preliminary Final Report for the Year Ended 30 June 2007

Notes continued

Consolidated 2007 2006 $’000 $’000

3 Expenses Materials 2,360,707 2,042,929 Subcontractors 2,836,025 2,530,623 Plant costs 885,195 791,883 Depreciation of property, plant and equipment 426,681 454,051 Personnel costs 2,357,449 1,842,741 Operating leases payments 267,233 157,003 Professional fees 157,439 139,733 Foreign exchange losses 4,066 2,719 Net gain on the sale of other investments (24,284) (4,243) Net gain on the sale of property, plant and equipment (24,209) (17,342) Cost of development properties sold 13,446 5,700 Impairment of investment in Asia Pacific Transport Consortium (ADrail) - 47,507 Impairment of other investments - 625 Impairment of goodwill - 1,241 Other expenses 245,771 208,021 Total expenses 9,505,519 8,203,191

4 Depreciation Depreciation of property, plant and equipment comprises: - Buildings 1,220 1,207 - Plant and equipment 263,919 271,057 - Plant and equipment – major component parts 153,781 176,729 - Leasehold land and buildings 846 820 - Leasehold improvements 3,830 1,984 - Waste management assets 3,085 2,254

Total depreciation 426,681 454,051 For personal use only use personal For

APPENDIX 4E Leighton Holdings Limited Page 11 Preliminary Final Report for the Year Ended 30 June 2007

Notes continued

Australia/ Asia Eliminations Total Pacific $’000 $’000 $’000 $’000 5 Segment information Details of total revenue including the Group’s share of joint ventures’ revenue is provided as additional information.

Primary segment - geographical

2007

Revenue – Group and joint ventures 10,247,933 1,643,556 - 11,891,489

Segment revenue 8,604,268 1,369,069 - 9,973,337 Interest revenue 37,955 Revenue 10,011,292

Segment result 415,774 52,044 - 467,818 Share of profit of associates and joint 100,028 12,550 - 112,578 venture entities* Interest revenue 37,955 Finance costs (34,255) Profit before tax 584,096 Income tax expense (128,860) Profit for the year 455,236

Depreciation of property, plant and 354,267 72,414 - 426,681 equipment Other non-cash expenses 232,154 33,485 - 265,639

Segment assets 4,008,193 798,570 (490,106) 4,316,657 Investments accounted for using the equity 230,274 29,832 - 260,106 method Current tax assets 29,131 Deferred tax assets 139,308 Total assets 4,745,202

Acquisition of segment assets 870,202 173,285 - 1,043,487

For personal use only use personal For Segment liabilities 2,538,702 588,126 (275,554) 2,851,274 Interest-bearing liabilities and Notes 362,110 Current tax liabilities 177,219 Total liabilities 3,390,603

* Interest costs, tendering expenses, overheads, corporate expenses and taxation of the Consolidated Entity have not been allocated to associates and joint venture results.

APPENDIX 4E Leighton Holdings Limited Page 12 Preliminary Final Report for the Year Ended 30 June 2007

Notes continued

Australia/ Asia Eliminations Total Pacific $’000 $’000 $’000 $’000 5 Segment information

Primary segment - geographical

2006

Revenue – Group and joint ventures 8,349,445 1,684,149 - 10,033,594

Segment revenue 7,164,718 1,337,859 - 8,502,577 Interest revenue 17,128 Revenue 8,519,705

Segment result 225,258 74,128 - 299,386 Share of profit of associates and joint 47,253 32,943 - 80,196 venture entities* Interest revenue 17,128 Finance costs (25,557) Profit before tax 371,153 Income tax expense (93,764) Profit for the year 277,389

Depreciation of property, plant and 376,074 77,977 - 454,051 equipment Impairment losses 49,373 - - 49,373 Other non-cash expenses 203,195 10,810 - 214,005

Segment assets 3,209,564 724,702 (408,499) 3,525,767 Investments accounted for using the equity 139,618 36,251 - 175,869 method Current tax assets 31,028 Deferred tax assets 70,624 Total assets 3,803,288

Acquisition of segment assets 696,943 81,864 - 778,807

For personal use only use personal For Segment liabilities 1,949,190 516,702 (193,948) 2,271,944 Interest-bearing liabilities and Notes 391,599 Current tax liabilities 36,476 Total liabilities 2,700,019

* Interest costs, tendering expenses, overheads, corporate expenses and taxation of the Consolidated Entity have not been allocated to associates and joint venture results.

APPENDIX 4E Leighton Holdings Limited Page 13 Preliminary Final Report for the Year Ended 30 June 2007

Notes continued

Cents per

share $’000 6 Dividends

2007 final dividend Subsequent to reporting date the Company announced a final dividend 65.0 180,757 in respect of the year ended 30 June 2007 50% franked at a tax rate of 30%. For non-resident and corporate shareholders the unfranked component of the dividend will include 32.5 cents per share conduit foreign income. The dividend is payable on 28 September 2007. This dividend has not been provided for in the balance sheet. The declaration and subsequent payment of this dividend has no income tax consequences for the Company.

Dividends recognised in the reporting period To June 2007 2007 interim ordinary dividend unfranked paid on 30 March 2007 45.0 125,136 2006 final ordinary dividend 50% franked at a tax rate of 30% paid on 29 41.0 113,997 September 2006 239,133 To June 2006 2006 interim ordinary dividend 50% franked at a tax rate of 30% paid on 25.0 69,460 31 March 2006 2005 final ordinary dividend 50% franked at a tax rate of 30% paid on 30 30.0 82,696 September 2005 152,156

Consolidated 2007 2006 $’000 $’000

7 Retained earnings Retained earnings at the beginning of the year 623,449 499,536 Profit attributable to members of the parent entity 450,042 276,069 Dividends to shareholders (239,133) (152,156) Retained earnings at reporting date 834,358 623,449

8 Total equity reconciliation Total equity at the beginning of the year 1,103,269 894,495

For personal use only use personal For Total recognised income and expense 487,960 305,277 Contributions of equity 1,244 57,893 Dividends to shareholders (239,133) (152,156) Other reserves movements 2,695 - Total changes in minority interest (1,436) (2,240) Total equity at reporting date 1,354,599 1,103,269

APPENDIX 4E Leighton Holdings Limited Page 14 Preliminary Final Report for the Year Ended 30 June 2007

Notes continued

Consolidated 2007 2006 $’000 $’000

9 Liquidity analysis Assets and (liabilities) expected to be realised/(settled) within 12 months Cash and cash equivalents 831,372 809,850 Trade and other receivables 1,725,309 1,481,617 Current tax assets 29,131 31,028 Inventories 124,248 70,395 Trade and other payables (2,269,722) (1,823,577) Current tax liabilities (177,219) (36,476) Provisions (175,365) (176,895) Interest-bearing liabilities - (39,892)

Consolidated

2007 2006 $ $

Net tangible asset backing 10 Net tangible asset backing per ordinary share $4.56 $3.77

Consolidated Ownership interest 2007 2006 % %

11 Investments accounted for using the equity method Principal activity 233 Castlereagh Street joint venture property development 50 50 400 George Street (Qld) Pty Limited property development 50 - 400 George Street Development Trust property development 50 - Abigroup Leighton joint venture construction 50 50 ADrail joint venture construction 20 20 Anvil Hill Infrastructure Alliance construction 50 - Bac Devco Pty Limited property development 33 33 Bayview Noosa partnership property development 50 50 Beenyup Alliance construction 47 47

For personal use only use personal For BJB joint venture maintenance 38 38 Brisbane Motorway Services Pty Limited facilities management 50 50 Cockatoo Iron Ore joint venture mining 50 50 Complete joint venture construction 50 50 Cotter Googong Bulk Transfer joint venture construction 50 50

APPENDIX 4E Leighton Holdings Limited Page 15 Preliminary Final Report for the Year Ended 30 June 2007

Notes continued

Consolidated Ownership interest 2007 2006 % %

11 Investments accounted for using the equity method - continued Principal activity

Dam Improvement Services joint venture construction 40 40 Defence Maintenance Management Pty maintenance 50 50 Limited Devine Limited property development 40 - Emrail Leighton joint venture construction - 50 Folkestone/Leighton JV Pty Limited property development 50 50 Freeway Business Park Trust property development 50 50 Gateway Motorway Services Pty Limited facilities management 50 - Holland York joint venture construction 50 50 HPAL Freehold Pty Limited property development 50 50 Infocus Infrastructure Management Pty Limited facilities management 50 50 James Fielding Infrastructure Pty Limited infrastructure 50 50 JH Rail Holdings Pty Limited investment - 59 JM joint venture construction 50 - JM JV SIA joint venture construction 80 80 John Holland Abigroup Contractors joint construction 50 - venture John Holland Asia Limited/Namprasert process engineering 50 50 Construction Company Limited joint venture John Holland Barclay Mowlem joint venture construction 50 50 John Holland BRW joint venture construction 50 50 John Holland Colin Joss joint venture construction 50 50 John Holland Downer EDI joint venture construction 60 60 John Holland Downes Graderway joint venture construction 50 50 John Holland Fairbrother joint venture construction 50 50 John Holland Lahey joint venture construction 50 50 John Holland MacMahon joint venture (Bell construction 80 - Bay) John Holland MacMahon joint venture (Roe construction 50 50 and Tonkin Highways) John Holland MacMahon joint venture (Ross construction 50 50 River Dam) John Holland McConnell Dowell joint venture construction 50 50

John Holland MVM joint venture construction 50 50 For personal use only use personal For John Holland Tenix Alliance joint venture construction 50 - John Holland Thames Water joint venture construction 50 50 John Holland Veolia Water Australia joint construction 65 50 venture Leighton Abigroup joint venture construction 50 -

APPENDIX 4E Leighton Holdings Limited Page 16 Preliminary Final Report for the Year Ended 30 June 2007

Notes continued

Consolidated Ownership interest 2007 2006 % %

11 Investments accounted for using the equity method - continued Principal activity Leighton China State John Holland joint construction 70 - venture (City of Dreams) Leighton China State joint venture (Wynn construction 50 50 Resort) Leighton-China State-Van Oord joint venture construction 45 45 Leighton Construction India Ptv Limited construction 50 - Leighton Contractors & Baulderstone construction 50 50 Hornibrook Bilfinger Berger joint venture Leighton Golding joint venture construction - 55 Leighton Hsin Chong joint venture construction 50 50 Leighton-Kier joint venture construction 50 50 Leighton Kumagai joint venture construction 55 55 Leighton Kumagai joint venture (Route 9- construction 51 51 Eagle’s Nest Tunnel) Leighton Kumagai joint venture (Wanchai East construction 51 51 & North Point Trunk Sewers) Leighton-Lama joint venture construction 54 54 Leighton-Oriental Structural Engineers joint construction 50 - venture Link 200 joint venture construction 48 48 Link 200 Station joint venture construction 60 60 Link 200 Tunnel joint venture construction 60 60 Macarthur Chambers joint venture property development - 50 Manukau Motorway construction 50 - Newood Holdings Pty Limited timber processing 50 50 Ngarda Civil and Mining Pty Limited mining 50 50 Ngarda Civil and Mining Pty Limited and construction 50 - Leighton Contractors Pty Limited Northern Gateway Alliance construction 50 50 Praeco Holdings Limited property development 50 50 Promet Engineers Pty Limited design 50 50 Rail Link joint venture construction 65 65 River Links Unincorporated joint venture construction 18 18 mobile Roche Thiess Linfox joint venture 44 44 plant/earthmoving

For personal use only use personal For Safelink Alliance construction 50 50 Sedgman Pty Limited design 38 38 Silcar Pty Limited telecommunications 50 50 Smith Street Pty Limited property development - 50 Smith Street Trust property development - 50 Southern Gateway Alliance construction 70 -

APPENDIX 4E Leighton Holdings Limited Page 17 Preliminary Final Report for the Year Ended 30 June 2007

Notes continued

Consolidated Ownership interest 2007 2006 % %

11 Investments accounted for using the equity method - continued Principal activity St Ives Gold Project joint venture construction 50 50 Taiwan Track Partners joint venture construction 28 28 Thiess Alstom joint venture construction 50 50 Thiess Black and Veatch joint venture construction 50 - Thiess Hochtief joint venture construction 50 50 Thiess Kentz Pty Limited construction 50 - Thiess Sedgman joint venture construction 50 50 Thiess United Group joint venture construction 50 50 Universal Portfolio Services Pty Limited property development 50 50 Vina Leighton Limited construction - 50 Viridian Noosa Pty Limited property development 50 50 Viridian Noosa Trust property development 50 50 Westlink Services Pty Limited facilities management 50 50

Consolidated 2007 2006 $’000 $’000 12 Reconciliation of profit for the year to net cash from operating activities

Profit for the year 455,236 277,389

Add/(less) non-cash items: Depreciation of property, plant and equipment 426,681 454,051 Amounts set aside to provisions 262,307 212,147 Impairment of investments - 48,132 Impairment of goodwill - 1,241 Foreign exchange losses 3,331 1,858 Gains on sale of assets (48,493) (21,585)

Net changes in assets/liabilities: Increase in receivables (184,563) (345,970)

Decrease in joint ventures and associates 6,650 28,566 For personal use only use personal For Increase in inventories (111,036) (33,846) Increase in payables 581,566 373,628 Decrease in provisions (233,179) (179,383) Current and deferred income tax movement 42,525 930 Net cash from operating activities 1,201,025 817,158

APPENDIX 4E Leighton Holdings Limited Page 18 Preliminary Final Report for the Year Ended 30 June 2007

Notes continued

13 Acquisition of controlled entities and businesses During the year to 30 June 2007 the Consolidated Entity made the following acquisitions. CE Marshall & Sons Earthmoving On 28 February 2007 the Consolidated Entity acquired selected assets and liabilities of CE Marshall & Sons Earthmoving Pty Limited for $99.3 million cash, including acquisition costs. ITS On 1 July 2006, the Consolidated Entity acquired all the shares in Industrial & Technical Services Pty Limited, ITS Holdings Pty Limited and ITS Lube Services Pty Limited for $3.4 million cash, including acquisition costs. Ansett Aviation Engineering Services On 1 June 2007, the Consolidated Entity acquired selected assets and liabilities of Ansett Aviation Engineering Services for $10.0 million cash, including acquisition costs. These acquisitions had the following effect on the Consolidated Entity’s assets and liabilities at the respective acquisition dates: Carrying Fair value Recognised amounts adjustments values before acquisition $’000 $’000 $’000 Cash and cash equivalents 58 - 58 Trade and other receivables 1,156 920 2,076 Inventories 6,865 - 6,865 Deferred tax assets - 109 109 Property, plant and equipment 72,815 - 72,815 Intangible assets - 485 485 Trade and other payables (1,779) - (1,779) Provisions (640) - (640) Net identifiable assets and liabilities 78,475 1,514 79,989 Goodwill on acquisition 32,782 Consideration paid, including acquisition costs ($4.6 million) and 112,771 deferred consideration ($5.8 million) Cash acquired (58) Net cash outflow 112,713

Goodwill has arisen on these acquisitions as a premium was paid above the acquired net assets for the benefit of the anticipated synergies arising from these acquisitions, entrance to new markets and acquiring skilled workforces.

For personal use only use personal For

APPENDIX 4E Leighton Holdings Limited Page 19 Preliminary Final Report for the Year Ended 30 June 2007

Notes continued

14 Leighton Finance International Notes On 16 May 2006, Leighton Finance International Limited, a wholly-owned subsidiary of the Company, issued US$110 million of 5-Year Fixed-Rate Guaranteed Notes (“Leighton Finance International Notes”), maturing on 16 May 2011. Leighton Finance International Notes are listed on the Singapore Stock Exchange and bear interest from 16 May 2006 at the rate of 7.875% pa, payable semi-annually in arrears on 16 May and 16 November each year, commencing on 16 November 2006. For the purpose of determining Noteholders entitlements to the payment of interest on 16 November 2007, only those persons who are registered as Noteholders at the opening of business on 1 November 2007 (“Record Date”) shall be entitled to receive the payment. PT Thiess Contractors Indonesia and PT Leighton Contractors Indonesia, both wholly-owned subsidiaries of the Company, jointly and severally guarantee the obligations of Leighton Finance International Limited and Noteholders have no recourse to other Group companies.

15 Leighton Notes The Company issued 2,000,000 Convertible Unsecured Subordinated Resettable Notes (“Leighton Notes”) at $100 each on 9 December 2003, maturing in October 2103. Interest on Leighton Notes will be paid on 30 November 2007 at the rate of 8.01% pa in respect of the period from 31 May 2007 to 29 November 2007 (both dates included). For the purpose of determining Noteholders entitlements to the payment of interest on the Leighton Notes only those persons who are registered as Noteholders at 7.00pm on 22 November 2007 (“Record Date”) shall be entitled to receive the payment.

16 Events subsequent to reporting date There were no events subsequent to reporting date that have not been disclosed in the preliminary final report other than the final dividend declared after the reporting date.

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APPENDIX 4E Leighton Holdings Limited Page 20 Preliminary Final Report for the Year Ended 30 June 2007

Media Release

14 August 2007 Leighton keeps its King until June 2010

The Board of Leighton Holdings Limited today advised that it had agreed amendments to the terms of the employment contract with Chief Executive Officer, Mr Wal King.

Leighton Holdings’ Chairman, Mr David Mortimer, said that the Board was very pleased to have retained the services of Mr King as CEO for a further three years until 30 June 2010, with an option to extend by mutual agreement.

“Mr King has overseen a transformation in Leighton, from a mid-tier contractor, with a market capitalisation of $100 million in 1987, to one of the leading contractors in the Asia/Pacific region. Based on return on shareholders’ funds, which this year averaged 36.7%, Leighton is one of the most successful project development and construction groups in the world,” he said.

“Since Mr King was appointed CEO in 1987, profit after tax has increased from $6.7 million to $450 million, and the share price has increased from 90c to around $42. In the last year, Leighton was the best performing of the Top 100 companies on the Australian Stock Exchange as measured by it’s Total Shareholder Return of 147%,” said Mr Mortimer.

“Mr King’s leadership and experience remains critical in steering the Leighton Group as it continues to diversify and grow, both in Australia and internationally. The Group is pursuing a number of growth initiatives and Wal will be actively involved in their implementation” he said.

“The Board believed that it was appropriate to revise Mr King’s contractual arrangements following the very strong performance of the Group over the last few years. The Board has amended the incentive thresholds to better reflect the current and expected levels of performance of the company, and to provide Mr King with additional incentives to drive further growth in the company.

“This represents a very good outcome for shareholders as we have secured Mr King’s services until at least June 2010, which promises to be a period of expansion. We have an incentive structure in place that aligns with shareholders interests and I expect that shareholders will continue to enjoy strong returns over the next few years,” said Mr Mortimer.

A summary of the material changes to Mr King’s employment contract are detailed in the attached Appendix.

For personal use only use personal For ENDS

Issued by Leighton Holdings Limited ABN 57 004 482 982 www.leighton.com.au Further information: MR DAVID MORTIMER Chairman T (02) 9925 6042 or MR JUSTIN GROGAN General Manager, Investor and Media Relations T (02) 9925 6628

Page 1 of 2 Media Release 14 August 2007

(continued…)

LEIGHTON HOLDINGS LIMITED is the parent company of Australia’s largest project development and contracting group. Founded in 1949, the organisation has grown into a diversified group that includes Thiess, John Holland, Leighton Contractors, Leighton Asia, and Leighton Properties. With around 27,000 employees, the Group’s operations are spread all around the Asia-Pacific region on projects in Australia, New Zealand, Hong Kong, Indonesia, Malaysia, Singapore, the Philippines, Thailand, Vietnam, China, Taiwan, Sri Lanka, Macau, India and the Arabian Gulf. Leighton Group companies offer a broad range of project development and contracting services and skills to public and private sector clients across a wide range of industries. Project development skills – infrastructure, property or resources based – and project management of construction and property developments complement the Group’s contracting activities. These activities include construction, mining and services. Leighton Holdings (LEI) is listed on the Australian Stock Exchange and has its head office in Sydney.

Appendix

Summary of Material Changes to the Terms of Employment of Mr Wal King

Term of Contract – Extended from 30 November 2008 to 30 June 2010 but can be further extended by mutual agreement.

Remuneration Cap – To be removed.

Annual Incentive – Increased thresholds which require annual improvements to the Group’s Net Profit after Tax (NPAT) must be achieved before any annual incentive is payable. Once the threshold is achieved the annual incentive is calculated as 1.25% of NPAT. The NPAT calculation excludes the sale of certain business assets.

Deferred Incentive – Mr King’s Long Term Incentive has been replaced with a Deferred Incentive (DI) which provides Mr King with an incentive to achieve annual increases in profit in line with targets as set by the Board. The threshold, which must be achieved before any DI can be paid, is 50% of the increase in the year-on-year profit targets set by the Board. If the profit increase targets are fully achieved, the maximum DI of 150% of Mr King’s Fixed Annual Salary is payable. The DI is payable 2.5 years after the relevant profit target is achieved and all unpaid DI will be paid on termination of employment.

Restraint On Termination - In consideration for agreeing to an increased 3 year restraint period (previously 2 years) on the conclusion of his contract, Mr King will receive an increased payment of $4.9 million (previously $3.6 million) over the restraint period.

Transition bonus – Mr King will work with the Board until 31 December 2010 to ensure a

smooth and stable transition to a new CEO and leadership team. Subject to the Board’s For personal use only use personal For satisfaction that relevant KPI’s have been met by Mr King, he will be eligible for a transition bonus of up to $5 million.

Page 2 of 2

Leighton named preferred contractor on US$550 million Media Release highway in Abu Dhabi

14 August 2007

Leighton International has been named as preferred contractor on a US$550 million highway in Abu Dhabi in the United Arab Emirates.

The project, for Abu Dhabi’s Tourism Development and Investment Company (TDIC), one of Abu Dhabi’s leading developers, involves the construction of a 6.5 kilometre highway, comprising five lanes in each direction. The highway will link Abu Dhabi city with Saadiyat Island, the 27 square kilometre natural island lying just 500 metres offshore the UAE capital.

Managing Director of Leighton International, David Savage, says that the opportunities on offer in the Arabian Gulf region make it a key market for the company’s ambitious growth plans.

“This is just one of many such projects around this region, and will be delivered under an alliance-style arrangement,” he said.

“The development in the region in general, and Abu Dhabi in particular, is unprecedented in its scale and the opportunities for us here are extensive.

“On Saadiyat Island alone there will be further opportunities of a similar nature and size. We’re confident that our success on this project will lead to a long pipeline of work for TDIC,” he said.

“Our growth in this area of the world is limited only by our capacity,” he said.

TDIC says that through strategic partnerships with renowned international brands and like- minded organisations, its goal is to identify, develop and launch sustainable projects that capitalise on the emirate’s natural resources while preserving the integrity of the environment.

“The size, scope and complexity of some of the projects we are planning here require world- class contractors and environmental concerns will be at the forefront of both the design and construction process,” said Lee Tabler, CEO, TDIC.

“Leighton is regarded as a world-leader in its field and is a good fit for what we are trying to achieve,” he said.

The project involves the construction of a 6.5 kilometre, 10-lane highway and associated side roads; six bridges with a total deck length of 1.6 kilometres; an 870 metre tunnel; 10.7 kilometres of stormwater drainage; 22.3 kilometres of sewerage system; a 30 kilometre potable water network; and various mechanical and electrical works.

The project is likely to start in August, and is due for completion in September 2009, prior to the inaugural Abu Dhabi Formula 1 grand prix.

Leighton views the Arabian Gulf region as a major growth area and recently has been stepping up its activity in the region. The company established itself in Dubai around two

For personal use only use personal For years ago and since then has secured the US$407 Million Al Shaqab equestrian centre project in Qatar, and an infrastructure contract for the massive City of Arabia development in Dubai.

Abu Dhabi offers significant opportunities. There are some US$200 billion worth of residential, commercial, cultural and infrastructure projects currently on the drawing board in the emirate.

End.

Leighton named preferred contractor on US$550 million Media Release highway in Abu Dhabi

About Saadiyat Island

Saadiyat Island - which translates from Arabic as Island of Happiness - is the largest single mixed-use development in the Arabian Gulf. The 27 square kilometre natural island - half the size of Bermuda - lies only 500 metres offshore Abu Dhabi island - the capital city of the United Arab Emirates. Saadiyat Island is being developed into a complete visitor and residential destination.

Saadiyat Island represents one of the most important development opportunities in Abu Dhabi's history. The island, which has 30 kilometres of water frontage and boasts many natural eco-features including mangrove forests, is being developed as a strategic international tourism destination and marks a new era in the rapid evolution of Abu Dhabi, the largest of the seven emirates which form the UAE Federation.

Saadiyat Island will be developed in three phases with total completion scheduled for 2018. The masterplan envisages seven highly individual districts and includes 29 hotels, including an iconic 7-star property, three marinas with combined berths for around 1,000 boats, museums and cultural centres, two golf courses, civic and leisure facilities, sea-view apartments and elite villas.

Saadiyat Island is expected to be home to a community of more than 150,000 people - the same population size as Chang Mai in Thailand, Oxford in the UK or Hollywood in the USA.

Saadiyat Island will be linked to the main Abu Dhabi island and the Abu Dhabi mainland via two, 10-lane freeways making the destination easily accessible to Abu Dhabi International Airport, which will be just a 25 kilometre drive away.

Saadiyat Island is being developed by the Tourism Development & Investment Company (TDIC), an independent public joint stock company of which Abu Dhabi Tourism Authority is the sole shareholder. TDIC's strategy is to dispose of development land on the island to private investors who will each develop their sites in accordance with the masterplan and supporting planning regulations and design guidelines. Please visit http://www.saadiyat.ae/ for more information.

TDIC Tourism Development & Investment Company (TDIC) is a public joint stock company established under Law No: 12 of 2005 as decreed by the Abu Dhabi Ruler and UAE President, His Highness Sheikh Khalifa Bin Zayed Al Nahyan. TDIC is an independent organisation empowered to manage the tourism investment zones of the Abu Dhabi Tourism Authority (ADTA), which directs and implements strategy for the expansion of the emirate's tourism sector. TDIC will develop the real estate assets that support ADTA's mission of assisting UAE economic diversification through tourism development.

TDIC, launched with an initial paid-up capital of AED100 million (US $27.5 million) with its shareholding fully owned by ADTA, operates along strictly commercial lines with its projects being self-sustaining and economically feasible. Its activities include creating development and tourism related concepts for specific sites and locations, disposing of, or repositioning, government-owned tourism related assets, entering into joint ventures with investment For personal use only use personal For partners for assets such as hotels or residential products, as well as serving as the master developer for large scale projects. Please visit http://www.tdic.ae/ for more information.

Leighton named preferred contractor on US$550 million Media Release highway in Abu Dhabi

For further information, please contact: Chris Gordon General Manager, Corporate Affairs Leighton International t: +852 2823 1493 m: +852 9092 0827 [email protected]

About Leighton International

Leighton International is the Leighton Group’s operating company covering operations in Malaysia, Brunei, Singapore, Sri Lanka, Indonesia, India and the Arabian Gulf.

The company has annual revenue of around US$700 million and employs over 2,500 staff across the region.

Leighton International is part of the Leighton Group, Australia’s largest project development and contracting group with revenue for 2007 exceeding US$10 billion. The Leighton Group is majority- owned by HOCHTIEF, the world’s largest international contractor.

For further information on Leighton International, please visit: www.leightonint.com For further information on the Leighton Group, please visit: www.leighton.com.au

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