Neil,

I have the identical problem on Server 2012.
The offending patch is KB2984005 which installs a companion KB2977174.

My MSI error log is exactly the same as yours.

My workaround is:
Skip installation of KB2984005 and KB2918614.

If removal is required:
Uninstall KB2984005 and KB2918614, and the companion KB2977174



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