Leighton Fully Indemnified from John Holland / Toyo Settlement

Issue Date:  01 November 2000
Issued By:  Leighton Holdings Limited

Company Announcements Office
The Australian Stock Exchange Limited
Level 4
20 Bridge Street
Sydney NSW 2000

Re: Leighton Fully Indemnified from John Holland / Toyo Settlement

Dear Sir,

We refer to the article which appears on page 21 of today’s Australian Financial Review regarding our 70% owned subsidiary John Holland Group Pty Limited.

At the time of announcing the John Holland acquisition in January 2000, Leighton Holdings Limited advised that it had secured warranties, indemnities and securities from Heytesbury covering several projects including the outcome of arbitration between Toyo and John Holland.

As a result of the indemnities, Leighton Holdings has no financial exposure what so ever to the settlement between Heytesbury and Toyo. Leighton Holdings and John Holland hold bank securities for the amount of the Toyo claim.

Yours faithfully,


A.J. MOIR
Company Secretary