Cimic : Appointment of Managing Director Appointment of Managing Director(PDF File 158.1 KB)

28 October 2016

ASX Market Announcements Australian Securities Exchange Limited Level 4

20 Bridge Street SYDNEY NSW 2000

Further to its announcement dated 18 October 2016 regarding the appointment of Adolfo Valderas as Chief Executive Officer, CIMIC Group confirms Mr Valderas has also been appointed as Managing Director.

An Initial Director's Interest Notice is attached.

Effective 1 November 2016, Mr Valderas' Total Fixed Remuneration (TFR) comprising base salary, superannuation and non‐monetary benefits will be increased to $1,500,000.

All other material terms of Mr Valderas' employment agreement are unchanged and consistent with disclosures made in the CIMIC Group's 2015 Remuneration Report.

Sincerely,

Appendix 3X Initial Director's Interest Notice

Rule 3.19A.1

28 October 2016

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity: CIMIC Group Limited (CIM)

ABN: 57 004 482 982

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Part 1 - Director's relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Number & class of securities

• 15,587 Ordinary Shares

• 104,612 2015 Options issued in accordance with the terms and conditions of the

  CIMIC Group Equity Incentive Plan (EIP)

• 32,552 2014 LTI Performance Share Rights issued in accordance with the EIP

Part 2 - Director's relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interest

Note: Provide details of the circumstances giving rise to

the relevant interest.

Number & class of securities

NIL N/A

+ See chapter 19 for defined terms.

11/3/2002 Appendix 3X Page 1

Appendix 3X

Initial Director's Interest Notice

Part 3 - Director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

+ See chapter 19 for defined terms.

Appendix 3X Page 2 11/3/2002