29 August 2016
Commercial settlement of Ichthys SMP claims up to 31 May 2016
Sydney: UGL Limited (ASX: UGL) today confirmed that the UGL-Kentz Joint Venture has formally executed an agreement with JKC Australia LNG Pty Ltd which settles the Joint Venture's claims on the Ichthys SMP project up to 31 May 2016. The commercial settlement arrangements entered into today are consistent with the cash flow and provision guidance previously provided on the Ichthys projects on 22 August 2016.
ENDS FOR FURTHER INFORMATION CONTACT: Rebecca HillEGM Investor Relations & Corporate Development UGL Limited
+61 2 9492 1431
rebecca.a.hill@ugllimited.com
Carrie BarrackGroup Investor Relations & Corporate Affairs Manager UGL Limited
+61 2 9492 1510
carrie.barrack@ugllimited.com
Ross TaylorCEO
UGL Limited
+61 2 9492 8802
ross.taylor@ugllimited.com
Media please contact: Fleur Jouault GRACosway+61 2 8353 0419
+61 405 669 632
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About UGL Limited ABN 85 009 180 287UGL Limited (ASX: UGL) is a leading provider of engineering, construction and maintenance services with a diversified end-market exposure across the core sectors of rail, transport and communication technology systems, oil and gas, water, power, resources and defence. Headquartered in Sydney, Australia, UGL operates across Australia, New Zealand and South East Asia employing over 10,000 people, including subcontractors.
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