1 December 2017

ASX Market Announcements Australian Securities Exchange Limited Level 4

20 Bridge Street

SYDNEY NSW 2000

RE: INITIAL DIRECTOR'S INTEREST NOTICE

Further to its announcement dated 1 November 2017 regarding the appointment of Michael Wright as Chief Executive Officer and Managing Director, CIMIC Group provides Mr Wright's Initial Director's Interest Notice and a summary of his terms of employment.

Sincerely,

CIMIC GROUP LIMITED T +61 2 9925 6666 F +61 2 9925 6000 Appendix 3X Initial Director's Interest Notice

Rule 3.19A.1

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

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.

Name of Director

Michael Wright

Date of appointment

1 December 2017

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

23,537 2015 Options issued in accordance with the terms and conditions of the CIMIC Group Equity Incentive Plan (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

N/A

Part 3 - Director's interests in contracts - Not applicable

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.

Detail of contract

N/A

Nature of interest

N/A

Name of registered holder (if issued securities)

N/A

No. and class of securities to which interest relates

N/A

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Summary of terms of employment of CEO and Managing Director

Total Fixed Remuneration (TFR)

A TFR of A$1.2 million which comprises base salary and superannuation. TFR is reviewed annually.

Short-Term Incentive (STI)

An STI of 60% of TFR, consistent with CIMIC's plan, comprising an annual cash incentive paid for performance against measurable objectives.

Long Term Incentive (LTI)

Eligibility for CIMIC's LTI plan which is provided to select Senior Executives on a periodic basis at the discretion of the Company. The most recent award, in which Mr Wright participated, was in 2015 with an options plan which had a two year vesting period and, once vested, available to exercise over three years. A summary of the terms and conditions of the 2015 Option Plan is disclosed in the 2016 Remuneration Report. The number of Options awarded to Mr Wright was 39,228. Mr Wright's current holding in CIMIC securities is disclosed in the attached Appendix 3X.

Term

There is no specified employment contract term.

Termination

Ability for both parties to terminate the contract with six months' notice. There is no notice period for termination for misconduct.

Payments on termination

There are no specified payments to be made on termination (apart from any payments in lieu of notice and any payable statutory entitlements).

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CIMIC Group Limited published this content on 01 December 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 01 December 2017 02:21:00 UTC.

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