Murray & Roberts Holdings Limited - Disposal of Gearings Foundry

Murray & Roberts Holdings Limited - Disposal of Gearings Foundry                
MURRAY & ROBERTS HOLDINGS LIMITED                                               
("Murray & Roberts")                                                            
Share Code: MUR                                                                 
ISIN: ZAE 00008983                                                              
MURRAY & ROBERTS ANNOUNCEMENT : Disposal of Gearings Foundry                    
We wish to advise that Gearings Foundry in Cape Town has been sold to an        
international investor with supply interests into the local and global          
automotive industries.  Industrial Investment Holdings Limited approached Murray
& Roberts in July 2002 and the parties concluded the sale on 15 January 2003.   
Gearings was acquired by Murray & Roberts in 1981 and formed part of its        
Foundries Group.  It was the primary platform in recent years for the           
manufacture of catalytic converter components for exhaust systems to the global 
automotive market.                                                              
Being a relatively small production facility and situated as it is in Cape Town,
Gearings could not be integrated into the Group`s new strategy.  The Foundries  
Group is focused on high volume world-class production of engine system         
components, at its facilities in Brits and Port Elizabeth.                      
All the major stakeholders have sanctioned the sale of Gearings with no         
disruptions expected in the supply chain.                                       
BEDFORDVIEW                                                                     
20 January 2003                                                                 
Date: 20/01/2003 02:38:00 PM Supplied by www.sharenet.co.za                     
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