Concor/Murray & Roberts - Sanctioning By The High Court Of The Scheme Of

Concor/Murray & Roberts - Sanctioning By The High Court Of The Scheme Of        
                          Arrangement                                           
Concor Limited                                                                  
(Incorporated in the Republic of South Africa)                                  
Registration number: 1969/003076/06                                             
Share code: CNC & ISIN: ZAE000001616                                            
("Concor")                                                                      
Murray & Roberts Holdings Limited                                               
(Incorporated in the Republic of South Africa)                                  
Registration number: 1948/029826/06                                             
Share code: MUR & ISIN: ZAE000073441                                            
SANCTIONING BY THE HIGH COURT OF THE SCHEME OF ARRANGEMENT                      
Concor shareholders are advised that the High Court of South Africa             
(Witwatersrand Local Division) ("Court") has today conditionally sanctioned the 
scheme of arrangement in terms of Section 311 of the Companies Act No.          
61 of 1973, as amended, proposed by Murray & Roberts Limited ("Murray &         
Roberts"), a wholly-owned subsidiary of Murray & Roberts Holdings Limited,      
between Concor and its shareholders, other than Mexican Wave Investments (Pty)  
Limited ("Mexican Wave"), in terms of which Murray & Roberts will acquire all   
the shares in the issued share capital of Concor, other than those already held 
by Mexican Wave ("scheme"). The sanctioning of the scheme by the Court is       
conditional upon the Competition Authorities approving the acquisition of the   
entire issued share capital of Concor by Murray & Roberts.                      
The remaining conditions precedent to be fulfilled are the approval of the      
transaction by the Competition Authorities and the registration of the Order of 
Court sanctioning the scheme with the Registrar of Companies. Upon fulfilment of
these conditions precedent further announcements regarding the salient dates and
times pertaining to the implementation of the scheme will be published.         
Johannesburg                                                                    
24 January 2006                                                                 
Independent advisor and lead sponsor to Concor                                  
Bridge Capital                                                               
Legal advisors to Concor                                                        
   Sonneberg Hoffmann Galombik                                                  
Joint sponsor to Concor                                                         
Investec Bank Limited                                                        
  (Registration number 1969/004763/06)                                          
Financial advisor and lead sponsor to Murray & Roberts                          
   ABSA                                                                         
Corporate and Merchant Bank                                                  
   Corporate Finance                                                            
   ABSA Bank Limited                                                            
  (Registration number 1986/004794/06)                                          
Joint sponsor to Murray & Roberts                                               
   Merrill Lynch                                                                
   Global Markets & Investment Banking Group                                    
   Merrill Lynch South Africa (Pty) Ltd                                         
Registration number 1995/001805/07                                           
   Registered Sponsor and Member of the                                         
   JSE Securities Exchange South Africa                                         
Attorneys to Murray & Roberts                                                   
MICHAEL KRAWITZ & CO.                                                        
and                                                                             
   Werksmans Incorporated                                                       
  (Registration number 1990/007215/21)                                          
Date: 24/01/2006 03:27:05 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department