HOCHTIEF : CIMIC's UGL secures $150m contract at Kidston Clean Energy project

2 JUNE 2021	CIMIC'S UGL SECURES $150M CONTRACT AT KIDSTON
	CLEAN ENERGY PROJECT

CIMIC Group's UGL has secured a contract for the design, construction and installation of a high voltage transmission line from Kidston to Mt Fox in Queensland, and a new 275kV switching station located at Mt Fox.

The contract will provide revenue to UGL of approximately $150 million.

UGL is currently performing early works and mobilisation for the contract with its client, Powerlink, in support of the Kidston Clean Energy Hub in Queensland.

CIMIC Group Executive Chairman and Chief Executive Officer Juan Santamaria said: "This project will deliver a transmission line and switching station to connect the Kidston Clean Energy Hub to the national electricity grid - a vital step in the provision of power to Queenslanders and businesses. The award follows UGL's involvement with other critical power infrastructure projects in regional areas, including Queensland's CopperString 2.0 and South Australia's Hill to Hill project."

UGL Managing Director Doug Moss said: "UGL has an exciting pipeline of work in delivering high voltage power projects around Australia, providing communities with a safe and reliable power supply in some of our most remote regions. We are delighted to build on our relationship with Powerlink for this important renewable energy infrastructure project."

Energy, Renewables and Hydrogen Minister Mick de Brenni said: "By connecting the first pumped hydro storage project in Queensland in more than 40 years, the Palaszczuk Government is ensuring the security of the network. Not only that, construction of the 186km transmission line alone will support 400 jobs and have impacts across the supply chain in communities like Ingham and Charters Towers."

ENDS

Issued by CIMIC Group Limited ABN 57 004 482 982 www.cimic.com.au Authorised by the CIMIC Group Continuous Disclosure Committee

Contacts

Mr Justin Grogan, Investor Relations T+61 2 9925 6628

Ms Fiona Tyndall, Communications T+61 2 9925 6188

CIMIC Group (ASX:CIM) is an engineering-led construction, mining, services and public private partnerships leader working across the lifecycle of assets, infrastructure and resources projects. CIMIC Group comprises our construction businesses CPB Contractors, Leighton Asia and Broad, our mining and mineral processing companies Thiess (50% investment) and Sedgman, our services specialist UGL and our public private partnerships arm Pacific Partnerships - all supported by our in-house engineering consultancy EIC Activities. Our mission is to generate sustainable shareholder returns by delivering innovative and competitive solutions for clients and safe, fulfilling careers for our people. With a history since 1899, and around 32,000 people in 20 countries, we strive to be known for our principles of Integrity, Accountability, Innovation and Delivery, underpinned by Safety. CIMIC is a member of the S&P/ASX 200 index, the Dow Jones Sustainability Australia Index and FTSE4Good.