ASX RELEASE


13 March 2013
ASX Market Announcements
20 Bridge Street
SYDNEY NSW 2000
Dear Sir / Madam
Project Update
I refer to the Watpac Limited ('Watpac' or 'Company') request for a trading halt granted on 11 March 2013 and media speculation on 12 March 2013 that Watpac is expected to be awarded the building contract for a new commercial office development in Brisbane, to be called 180 Brisbane ('Construction Project').
Watpac can confirm that it has tendered for this Construction Project, the build cost of which is expected to be approximately $200 million. While it was originally anticipated that the Company would know the outcome of this tender on 11 March 2013, it is now understood that the contract may not be awarded until later this week.
The Company will advise the market on the outcome of the tender once awarded.
Yours sincerely, WATPAC LIMITED

Mark Baker
COMPANY SECRETARY

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