Termination of Ichthys CCPP contract

CIMIC Group advises that the UGL-CH2M JV Consortium (the Consortium), which includes UGL and its joint venture partner CH2M, has terminated its contract with JKC Australia LNG Pty Ltd for the design, construction and commissioning of the Ichthys Combined Cycle Power Plant (CCPP) project.

CIMIC’s current position in respect of the termination is adequately covered by provisions and it does not have any material impact to its financial performance in 2016 and 2017.