On-market share buy-back

ON-MARKET SHARE BUY-BACK

On 12 December 2016, the Board of CIMIC Group Limited (CIMIC) approved a proposal to conduct a further on‐market share buy‐back of up to 10% of CIMIC’s fully paid ordinary shares for a period of 12 months commencing on 29 December 2016 (New Buy Back).

CIMIC’s current on‐market share buy‐back (announced on 14 December 2015) will end on 28 December 20161.

The New Buy Back announced today will continue to improve shareholder returns and enhance capital efficiency, while maintaining sufficient balance sheet flexibility to pursue future growth and investment opportunities.

The initiative again reflects CIMIC’s strong balance sheet position, solid cash flow generation, and disciplined approach to capital management.

The New Buy Back will be funded by a combination of CIMIC’s existing cash balances and working capital facilities.

It will be within the ‘10/12 limit’ permitted by the Corporations Act 2001 (Cth) and therefore does not require shareholder approval. The timing and number of shares purchased will depend on the CIMIC share price and market conditions.

An Appendix 3C in respect of the New Buy Back is available here.

1 Unless the maximum number of shares acquired within the ‘10/12 limit’ permitted by the Corporations Act 2001 (Cth) are bought back before this date.

Share buy-back 2016

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