MACMAHON HOLDINGS LIMITED — Director's Dealing 2011

Sep 15, 2011

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	26 August 2011
Date of this notice	16 September 2011

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 relevantinterest.
Date of change	12 September 2011
No. of securities held prior to change	14,520,000 Ordinary Shares3,000,000 Class B Performance Rights3,000,000 Class C Performance Rights
Class	Ordinary Shares
Number acquired	N/A – transfer from direct to indirectholdings
Number disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	NIL
No. of securities held after change	9,600,000 Ordinary Shares3,000,000 Class B Performance Rights3,000,000 Class C Performance Rights

• See chapter 19 for defined terms.

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Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Off-market transfer from direct to indirectholdings.
Direct or indirect interest	Indirect Interest
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	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	12 September 2011
No. of securities held prior to change	6,187,604 Ordinary Shares
Class	Ordinary Shares
Number acquired	N/A – transfer from direct to indirectholdings
Number disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	NIL
No. of securities held after change	11,107,604 Ordinary Shares
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Off-market transfer from direct to indirectholdings.
Direct or indirect interest	Indirect Interest
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	The Bowen Superannuation Fund - NicholasRonald Bowen is a trustee and a beneficiaryof the trust.
Date of change	N/A
No. of securities held prior to change	102,000 Ordinary Shares
Class	Ordinary Shares
Number acquired	NIL
Number disposed	NIL
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	N/A

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	102,000 Ordinary Shares
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	N/A

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interestrelated prior to changeNote: Details are only required for a contract in relation to which the interest haschanged	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 – + Closed period

Were the interests in the securities or No. contracts detailed above traded during a + closed period where prior written clearance was required? If so, was prior written clearance N/A provided to allow the trade to proceed during this period? If prior written clearance was N/A provided, on what date was this provided?

• See chapter 19 for defined terms.

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