Bradken : HCM Ltd Takeover Offer - ACCC Informal Clearance Satisfied

Monday, 28 November 2016

ASX Market Announcement Office ASX Limited

Level 4, Exchange Centre 20 Bridge Street

SYDNEY NSW 2000

Bradken Limited (ASX:BKN) today advises that Hitachi Construction Machinery Co., Ltd. (HCM) has a received a notice from the Australian Competition and Consumer Commission (ACCC) stating that the ACCC does not intend to conduct a public review of the proposed acquisition by HCM of a controlling interest of up to 100% in Bradken Limited, pursuant to section 50 of the Competition and Consumer Act 2010. This satisfies the ACCC informal clearance condition to HCM's takeover offer.

The process to satisfy the other regulatory approval conditions continues.

For more information on the takeover offer by HCM please the see the Bidder's Statement and Target's Statements available on Bradken's website atwww.bradken.com.

Tel: +61 2 4926 8200

Fax: +61 2 4926 8201

Email:bradken@bradken.com

Bradken is a leading supplier of differentiated consumable and capital products to the global resources, energy, and freight rail industries. The Company employs approximately 3,100 people in 20 manufacturing facilities and more than 41 sales and service centres across Australia, New Zealand, USA, Canada, the United Kingdom, India, Indonesia, Malaysia, South Africa, South America and China. The Company which became a publicly listed company in August 2004 has been in business for over 90 years and operates three market-focused divisions, supported by two global support functions.

For further information about Bradken, visit www.bradken.com

Bradken Limited (ABN 33 108 693 009) BRADKEN®

20 McIntosh Drive Mayfield West NSW 2304 Australia PO Box 105 Waratah NSW 2298 Australia