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 conditions. 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. 10.03.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: HOCHTIEF Aktiengesellschaft Opernplatz 2 45128 Essen Germany Phone: +49 (0)201 824-1833 Fax: +49 (0)201 824-2750 E-mail: [email protected] 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 ---------------------------------------------------------------------------