Macmahon Enters Strategic Partnership on Homeground

• Macmahon sells up to 50% of Homeground to Allcap
• Retains 80% interest and future performance exposure
• Strategic Co-operation Agreement with Allcap
• Potential for new civil infrastructure contracting opportunities
• Supports significant regional investment and employment

Macmahon Holdings Limited has announced a strategic partnership with Allcap Securities, involving the partial sale of its Homeground workforce accommodation village in Gladstone, Queensland. Macmahon has agreed to sell up to 50% of Homeground to Allcap, with an initial transaction of 20% and an option for Allcap to acquire an additional 30% by December 2029. Macmahon will retain an 80% interest and continued exposure to Homeground's future performance. Additionally, Macmahon and Allcap have entered into a Co-operation Agreement to collaborate on workforce accommodation, civil contracting, and infrastructure opportunities associated with IPG's proposed development activities in Gladstone and Central Queensland.