MACMAHON HOLDINGS LIMITED — Director's Dealing 2008

Nov 12, 2008

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity	MACMAHON HOLDINGS LIMITED
ABN	93 007 634 406

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Nicholas Ronald Bowen
Date of last notice	11 July 2008
Date of this notice	13 November 2008

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Direct or indirect interest	Direct Interest
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.
Date of change	-
No. of securities held prior to change	8,126,493 Ordinary Shares
Class	-
Number acquired	-
Number disposed	-
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	-
No. of securities held after change	8,126,493 Ordinary Shares
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan,participation in buy-back	-

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Direct or indirect interest	Indirect Interest
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	Alkat Pty Ltd as trustee for Bowen WelshTrust - Nicholas Ronald Bowen is a directorand shareholder of the trustee and abeneficiaryof the trust
Date of change	-
No. of securities held prior to change	6,406,336 ordinary shares
Class	-
Number acquired	-
Number disposed	-
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	-
No. of securities held after change	6,406,336 ordinary shares
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan,participation in buy-back	-
Direct or indirect interest	Indirect Interest
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	The Bowen Superannuation Fund - NicholasRonald Bowen is a trustee and a beneficiaryof the trust
Date of change	13 November 2008
No. of securities held prior to change	Nil
Class	Ordinary
Number acquired	85,000
Number disposed	-
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$0.47 per share
No. of securities held after change	85,000 ordinary shares
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan,participation in buy-back	On-market trade

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Part 2 – Change of director’s interests in contracts

Detail of contract	NIL
Nature of interest
Name of registered holder(if issued securities)
Date of change
No. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract inrelation to which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation
Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 3

11/3/2002