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

Re: Leighton Notes offer opens

Dear Sir,

Please find attached a copy of a media release to be issued today by Leighton Holdings Limited.

Yours sincerely,


A.J. MOIR
Company Secretary

Leighton Notes offer opens

Issue Date: 6 November 2003
Issued by: Leighton Holdings Limited

Leighton Holdings Limited (Leighton) announced today that the offer period for the issue of up to $200 million of convertible unsecured subordinated resettable notes (Leighton Notes) has opened.

Leighton Holdings Deputy Chief Executive Officer and CFO, Mr Dieter Adamsas said, “The issue forms an important part of Leighton’s capital management program and will provide access to additional balance sheet facilities to support continued growth in the Group’s core business.”

Investors wishing to apply for Leighton Notes will need to complete and return the application form attached to, or accompanying, the prospectus. It is expected that the offer will close at 5.00pm on 1 December 2003.

Holders of Leighton ordinary shares, with a registered address in Australia on the register as at 7.00pm on 20 October 2003, were advised recently as to how to obtain a prospectus with a personalised application form. Shareholder applicants using this personalised application form will receive preferential treatment over general public applicants, if there is excess retail demand in the Leighton Notes offer.

Full details of the Leighton Notes offer are contained in the prospectus which is available from the Leighton website at www.leighton.com.au or by calling the Leighton Notes InfoLine 1800 105 308.

Issued by:

Leighton Holdings Limited
A.C.N. 004 482 982  A.B.N. 57 004 482 982

For further information: