9 April 2014
ASX Market Announcements
Australian Securities Exchange Limited
Level 4
20 Bridge Street
SYDNEY NSW 2000
Re: Qatar settlements for the Habtoor Leighton GroupVanessaRees
Group Company Secretary
LeightonHoldingsLimited
ABN 57 004 482 982
472 Pacific Highway
St Leonards NSW 2065 Australia
PO Box 1002
Crows Nest NSW 1585, Australia
www.leighton.com.au
T (02) 9925 6666
F (02) 9925 6005
Please be advised that the Habtoor Leighton Group (HLG), our 45 per cent owned associate headquartered in the Middle East, has reached an amicable agreement in relation to the outstanding monies owed by a Qatar based client.
The agreement includes the return of all the liquidated bonds which were called during May to July 2013 and agreement on the contract values for the associated completed and ongoing projects.
The client has paid approximately 40% of the outstanding monies on the signing of
the agreement and will pay a further 20% over the next few weeks. The balance of the remaining monies owing will be repaid over the next 18 months following handover of the remaining projects to the client.
The agreement is materially in line with HLG's anticipated financial result for the projects and significantly reduces the risk exposure of HLG to Leighton. This is a positive result for HLG and Leighton Holdings Limited.
Yours faithfully
LEIGHTON HOLDINGS LIMITED
VANESSA REES
Group Company Secretary
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