MONADELPHOUS GROUP LIMITED — Capital/Financing Update 2016

Aug 4, 2016

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5 August 2016

Company Announcements Australian Securities Exchange Limited Level 4, 20 Bridge Street SYDNEY NSW 2000 AUSTRALIA

Dear Sir / Madam

RE: Sale of Loan in AnaeCo Limited

Please find attached a copy of the announcement to be issued today by Monadelphous Group Limited.

Yours sincerely,

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Philip Trueman Company Secretary

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ASX RELEASE

5 August 2016

Sale of Loan in AnaeCo Limited

Monadelphous Group Limited (Monadelphous) today announced that it had entered into a binding agreement with Xiaoqing Environmental Protection Technology Company (XEPTC) that will result in XEPTC buying part of a convertible loan owed to Monadelphous by AnaeCo Limited (AnaeCo). The sale is subject to certain standard and regulatory conditions, including AnaeCo shareholder approval.

At completion of the sale XEPTC will pay Monadelphous $11.5 million and Monadelphous will assign its rights and obligations under that part of the loan being sold to XEPTC.

Monadelphous will retain its rights to the balance of the loan (being all amounts owing from AnaeCo in excess of $11.5 million) and, subject to approval by AnaeCo’s shareholders, will convert the remaining balance into equity of AnaeCo. It is expected that Monadelphous will hold 30% of AnaeCo’s issued share capital upon conversion. The debt purchased by XEPTC will convert into equity of AnaeCo, subject to approval of AnaeCo’s shareholders which will be sought at the same meeting.

Further Information

Analysts/Investors

Media

Ella McCarthy

Dave Hurst Ella McCarthy Investor Relations Communications Phone: +61 8 9315 7312 Phone: +61 8 6252 4624 Mobile: +61 405 839 350 Mobile: +61 477 318 678 Email: investor_relations@monadel.com.au Email: emccarthy@monadel.com.au

Monadelphous Group Limited (ASX: MND) is a leading Australian engineering group providing construction, maintenance and industrial services to the resources, energy and infrastructure sectors. The Company has two operating divisions − Engineering Construction, providing large-scale multidisciplinary project management and construction services, and Maintenance and Industrial Services, specialising in the planning, management and execution of mechanical and electrical maintenance services, shutdowns, fixed plant maintenance services and sustaining capital works.

Monadelphous is headquartered in Perth, Western Australia, with a major office in Brisbane, Queensland, and projects, facilities and workshops across Australia and in China and Papua New Guinea. Please visit our website www.monadelphous.com.au for more information.