Concor Limited - Update On The Scheme Of Arrangement Proposed By

Concor Limited - Update On The Scheme Of Arrangement Proposed By                
                 Murray & Roberts Limited                                       
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                                          
UPDATE ON THE SCHEME OF ARRANGEMENT PROPOSED BY MURRAY & ROBERTS LIMITED        
In an announcement dated 24 January 2006, Concor shareholders were advised that 
the High Court of South Africa (Witwatersrand Local Division) ("Court") had     
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").  Concor shareholders were further
advised that the sanctioning of the scheme by the Court was conditional upon the
Competition Authorities approving the acquisition by Murray & Roberts of the    
entire issued share capital of Concor ("transaction").                          
Shareholders are informed that the Competition Commission has recommended to the
Competition Tribunal that the transaction be unconditionally approved.  The     
Competition Tribunal will now consider the matter and Concor shareholders will  
be timeously informed of the progress made.  This remains the only outstanding  
condition precedent pertaining to the scheme.                                   
Johannesburg                                                                    
15 May 2006                                                                     
Independent advisor and lead sponsor to Concor: Bridge Capital Services (Pty)   
Limited                                                                         
Legal advisors to Concor: Sonnenberg Hoffmann Galombik                          
Joint sponsor to Concor: Investec Bank Limited                                  
Financial advisor and lead sponsor to Murray & Roberts: Absa Capital            
Joint sponsor to Murray & Roberts: Merrill Lynch                                
Attorneys to Murray & Roberts: Michael Krawitz & Co. and Werksmans Inc.         
Date: 15/05/2006 03:53:19 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department