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Murray & Roberts Holdings Limited - Announcement

Release Date: 30/07/2002 13:20
Code(s): MUR
Wrap Text

Murray & Roberts Holdings Limited - Announcement (Registration Number: 1948/029826/06) ("the Group") Share code : MUR ISIN code : ZAE00008983 On request of the company this announcement is released again. Shareholders are advised that an agreement has been concluded whereby Alloy Wheels International in the United Kingdom has been sold with effect from 30 June 2002. The sale is subject to certain protective rights in favour of the Group and its customers which are expected to have been satisfied by 30 September 2002. As a result of the impairment provision created in respect of this investment in June 2000, this sale will have no impact on the Group`s results for the year ended 30 June 2002. The Alloy Wheels International operation in South Africa has traded well in the past year. Murray & Roberts continues to support this business and its value proposition pending further developments on the engagement of a long term strategic partner or investor. This transaction has been facilitated by Bridge Capital. 30 July 2002 Date: 30/07/2002 01:20:00 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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