News: CIM CIMIC Appoints Independent Board Committee To Evaluate Hochtief Bid

Feb 24 (Reuters) - CIMIC Group Ltd (CIM) :

• RESPONSE TO HOCHTIEF TAKEOVER OFFER
• APPOINTED AN INDEPENDENT BOARD COMMITTEE TO EVALUATE AND RESPOND TO TAKEOVER BID
• CIMIC SHAREHOLDERS SHOULD NOT TAKE ANY ACTION IN RESPECT OF TAKEOVER BID AT THIS STAGE
• IBC, IN CONSULTATION WITH ITS INDEPENDENT ADVISERS, WILL CONSIDER PROPOSED OFFER AND UPDATE SHAREHOLDERS IN DUE COURSE
• HOCHTIEF INDICATED IT EXPECTS TO DISPATCH BIDDER'S STATEMENT ON OFFER TO ALL CIMIC SHAREHOLDERS ON OR AROUND 9 MARCH