MACMAHON HOLDINGS LIMITED — Director's Dealing 2008

Jul 10, 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	9 April 2008
Date of this notice	11 July 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 the
relevant interest.
Date of change	9 July 2008
	8,126,493 Ordinary Shares
No. of securities held prior to change	2,000,000 Performance Shares Class A
	2,000,000 Performance Shares Class B
Class	Ordinary
Number acquired	4,000,000 Ordinary Shares
Number disposed	NIL
Value/Consideration
Note: If consideration is non-cash, provide details and estimated	Nil
valuation
No. of securities held after change	12,126,493 Ordinary Shares
Nature of changeExample: on-market trade, off-market trade, exercise of options,	Conversion of all Class A and Class B
issue of securities under dividend reinvestment plan,	performance shares.
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	2,406,336 ordinary shares
Class	-
Number acquired	-
Number disposed	-
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	-
No. of securities held after change	2,406,336 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	-

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 2

11/3/2002