To view the PDF file, sign up for a MySharenet subscription.

MUR - Murray & Roberts - Award Of Contracts

Release Date: 14/05/2008 14:58
Code(s): MUR
Wrap Text

MUR - Murray & Roberts - Award Of Contracts MURRAY & ROBERTS HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Registration number 1948/029826/06 JSE Share Code: MUR ISIN Code: ZAE000073441 ("Murray & Roberts" or "the Group") AWARD OF CONTRACTS Shareholders are advised that the Group`s project order book increased to R44 billion at 31 March 2008, which is 16% up in the third quarter and almost 100% up over the nine months since 30 June 2007. Subsequent to 31 March 2008, the Group has been awarded a number of additional major projects in its various markets. Many of the new contracts awarded in the year to date have extended durations beyond June 2010. South Africa Murray & Roberts and a 33% partner have signed a Letter of Acceptance and received the Notice to Proceed in respect of the Medupi Civil Works contract for Eskom valued at about R3,0 billion. The Group`s RSA mining contracting subsidiary has favourably renegotiated the terms of its contract for continuation of underground development and mining at Kroondal Mine. Construction Middle East Murray & Roberts and its partners in Abu Dhabi have been awarded the construction contract for the Sorbonne University Campus, valued at about AED1,0 billion (R2,2 billion) and are in negotiations for the award of an approximately AED6,0 billion (R13,3 billion) contract to build the iconic Tameer Towers high rise project. In Dubai, Murray & Roberts and its partner Habtoor continue negotiations to construct the Dubai Airport Concourse 3 project valued at about AED5,0 billion (R11,0 billion) and have been awarded preferred contractor status for the Coral Island Resort Development, the first major project on The World, valued at about AED 4,0 billion (R8,8 billion). Australia Murray & Roberts subsidiary Clough Limited announced in April that it had been awarded the Apache Devil`s Creek Development Project on the Northwest Shelf valued at AUD240 million (R1,8 billion). The Board will consider the appropriateness of issuing a Business Update following its next meeting on 25 June 2008. Johannesburg 14 May 2008 Sponsor: Merrill Lynch South Africa (Pty) Ltd Date: 14/05/2008 14:58:27 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

Share This Story