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HOCHTIEF Aktiengesellschaft: Request by Leighton for a trading halt in Leighton shares due to a review of the earnings guidance; significant adverse effects on the HOCHTIEF forecast for 2011 to be expected

On Thursday morning Australian time, 7 April 2011, Leighton, the Australian subsidiary of HOCHTIEF, has requested the Australian stock exchange to implement a trading halt in Leighton shares with immediate effect until, at the latest, the commencement of trading on Monday, 11 April 2011, unless Leighton requests the lifting of the trading halt before that time.

 

The request for the trading halt has particularly been based on a pending review of the earnings guidance published on 24 February 2011. Leighton has announced to publish more detailed information on this review before the re-commencement of trading on Monday, 11 April 2011.

 

Following the review of the earnings guidance at Leighton, HOCHTIEF expects significant adverse effects on the HOCHTIEF forecast for the business year 2011. There is no indication that the HOCHTIEF forecasts for the business years 2012 and 2013 are affected. More specific information will be available after the completion of the review of the earnings guidance at Leighton which is to be expected for Monday, 11 April 2011, at the latest.