RBX - Raubex Group Limited - Results of Annual General Meeting

RBX - Raubex Group Limited - Results of Annual General Meeting                  
RAUBEX GROUP LIMITED                                                            
(Previously Lexpub 49 Investments Limited)                                      
(Incorporated in the Republic of South Africa)                                  
(Registration number 2006/023666/06)                                            
JSE Share code: RBX                                                             
ISIN: ZAE000093183                                                              
Results of Annual General Meeting                                               
Raubex shareholders are advised that at the Annual General Meeting of members   
held on Friday, 21 September 2007, all resolutions as proposed in the Notice of 
the Annual General Meeting were approved by the requisite majority of members.  
The special resolution will be lodged with the registrar for registration in due
course.                                                                         
At the Annual General Meeting, the chairman, Collin Matjila, made the following 
address:                                                                        
"It is with great pleasure that I stand before you to mark yet another          
significant event in the thirty year history of the company. Our successful     
listing on the main board of the JSE Limited on 20 March 2007 marked the        
effective transformation into a public entity and we firmly believe that with   
your support, we are now better positioned to attain our intended vision and    
mission and continue to grow from strength to strength in this buoyant          
environment.                                                                    
South Africa is currently experiencing a capacity constraint in the civil       
engineering sector and whilst this means that the Government may experience     
difficulties in meeting original timeframes relating to infrastructure          
development, we believe that this allows highly specialised and empowered       
companies such as Raubex to select higher quality projects with better margin   
levels.                                                                         
This skills situation is very relevant to Raubex and we are very much aware that
the key driver of our business is our people. This is why we`ve asked you today 
to agree the implementation of a Share Incentive Scheme aimed to attract, retain
and reward the best talent in the industry at middle management level. This is  
an important strategic step and we thank you for your support.                  
You will have seen our trading statement published on 7 September 2007 which    
reinforced our commitment to realise solid growth and build shareholder value.  
Business prospects continue to be strong and our order book is growing daily    
supported by the government`s budget commitment on roads alone of R60 billion   
over the next three years.                                                      
During the year under review, Raubex proceeded with its stated strategy of      
growing both organically and acquisitively. This is reflected by last year`s    
solid performance, the guidance provided through our trading statement but also 
through the strategic acquisitions of Milling Techniks, SPH Kundalila and       
National Asphalt.                                                               
As mentioned before, the directors will proactively continue to identify value  
enhancing opportunities for the various divisions of the Group but we will not  
proceed with a deal that does not meet the strict criteria agreed by the board. 
It is worth noting that in southern Africa, acquisitions in geographies well    
known to the company may also be considered.                                    
To conclude, we are pleased with our performance since listing and look forward 
to building on our experience, leveraging on the positive market dynamics and we
anticipate another successful year ahead."                                      
ENQUIRIES                                                                       
Raubex Group Limited +27 12 665 3226                                            
Francois Diedrechsen, Commercial and Financial Director                         
College Hill +27 11 447 3030                                                    
Fred Cornet +27 83 307 8286                                                     
Jacques de Bie +27 82 691 5384                                                  
www.raubex.co.za                                                                
Johannesburg                                                                    
21 September 2007                                                               
Investment Bank and Sponsor                                                     
Investec Bank Limited                                                           
Date: 21/09/2007 12:06:10 Supplied by www.sharenet.co.za                     
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