Maca : Purchase of Road Maintenance Buisness (1 pages)

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MARKET

ANNOUNCEMENT

6th April 2016

Purchase of Road Maintenance Business

45 Division St Welshpool WA 6106 PO Box 625 Welshpool DC WA 6986

P: [phone] | F: [phone] | E: [e-mail]

MACA Limited ('MACA') (ASX: MLD) is pleased to advise that it has entered into an agreement with the shareholders of Services South East Pty Ltd ('SSE') a privately owned road asset management and maintenance service provider which operates in Victoria and South Australia.

The agreement provides for the initial purchase by MACA of 75% of the shares of SSE, with a call/put option to acquire the remaining 25%, together with arrangements to provide ongoing funding support to SSE. This company offers alliance style asset management and road maintenance contracts for VicRoads and local government and minor civil works projects. The business holds a National R2/B1 road and bridge pre-qualification and a M2 maintenance pre- qualification with VicRoads for bridges, pavements and roadsides and has an annual turnover of

$25 million.

The purchase price is approximately $1.35M for 75% plus the assumption of 75% of SSE's existing debt facilities of $7.4M.

MACA CEO Chris Tuckwell said "The acquisition enables MACA to establish a baseline of recurring asset management and road maintenance work to underpin the civil business going forward. The acquisition also provides an immediate entry into the east coast civil market where Australian Road Agencies are progressively outsourcing road asset maintenance. SSE has 3 long term maintenance contracts and will add approximately $60 million of recurring civil maintenance work to MACA's work in hand."

For further information please contact

Chris Tuckwell Peter Gilford

Managing Director Company Secretary

MACA Limited MACA Limited

[phone] (08) 6242 2600

About MACA: MACA Limited is a mining, crushing and civil contractor with major projects throughout Western Australia and Brazil in South America. Employing more than 1000 people, MACA offers a full range of surface mining and crushing services, and civil infrastructure services.