DGAP-Adhoc: HOCHTIEF Aktiengesellschaft: Announcement of intention to make a cash per share proportional offer for shares in Leighton Holdings Limited

| Source: EQS Group AG
HOCHTIEF Aktiengesellschaft  / Key word(s): Investment

10.03.2014 01:26

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


HOCHTIEF Aktiengesellschaft, through its wholly owned subsidiary HOCHTIEF
Australia Holdings Limited ("HOCHTIEF"), is a majority shareholder in
Leighton Holdings Limited, Sydney, Australia ("Leighton"). HOCHTIEF today
announced that it intends to make a conditional, proportional off-market
offer to acquire 3 out of every 8 Shares held by Leighton shareholders
(other than HOCHTIEF) for AUD 22.15 cash per share on an ex dividend basis
(AUD 0.60 per share) which represents a 18.8% premium over  the 5 day
Volume Weighted Average Price (ex dividend) of AUD 18.65 per Leighton share
up to and including 7 March 2014.

If all Leighton shareholders accept the offer, HOCHTIEF will increase its
stake in Leighton from 58.77% to a maximum of 74.23% for a total cash
consideration of approximately AUD 1,155 million, corresponding to
approximately EUR 755 million at the current exchange rate.

The offer will be subject to regulatory approvals and other customary

The transaction will be funded from cash reserves and undrawn facilities
available to HOCHTIEF Aktiengesellschaft.

HOCHTIEF also announced that it intends to increase its representation on
the Leighton Board of Directors to reflect its shareholding in Leighton.
For further information please refer to HOCHTIEF's announcement to the
Australian Securities Exchange.

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Language:     English
Company:      HOCHTIEF Aktiengesellschaft
              Opernplatz 2
              45128 Essen
Phone:        +49 (0)201 824-1833
Fax:          +49 (0)201 824-2750
E-mail:       investor-relations@hochtief.de
Internet:     www.hochtief.de
ISIN:         DE0006070006
WKN:          607000
Indices:      MDAX
Listed:       Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
              Standard), Hamburg, München; Freiverkehr in Hannover,
              Stuttgart; Terminbörse EUREX
End of Announcement                             DGAP News-Service