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MUR - Murray & Roberts - Middle East Order Book

Release Date: 01/12/2008 16:42
Code(s): MUR
Wrap Text

MUR - Murray & Roberts - Middle East Order Book 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 "Group") MIDDLE EAST ORDER BOOK Murray & Roberts and its partner Leighton Habtoor were advised on Sunday 30 November 2008 that subject to contract, the Trump Towers project in Dubai would be suspended by its developer Nakheel until such time as the global economic system stabilises. The 50% value of this contract in the Group Order Book at 30 September 2008 amounted to R 3,2 billion, of which R 0,5 billion relates to the current financial year. Murray & Roberts in partnership with Leighton Habtoor is in advanced negotiation to secure additional infrastructure work for the Dubai government and the suspension of Trump Towers is not therefore expected to have a material impact on the Group`s prospects. The Group is committed to deliver its performance promise and reiterates its Business Update of 25 November 2008, including its advice that "Shareholders are cautioned to be prudent with this guidance as the potential impact of current market volatility may manifest itself on construction sector and Group performance in the future." Further announcements will be made as necessary. This announcement has not been reviewed or reported on by the Group`s auditors either in terms of paragraph 3.4(b)(vi)(1)(aa) or paragraph 3.4(b)(vi)(1)(bb) of the Listings Requirements of JSE Limited. Bedfordview 1 December 2008 Sponsor: Merrill Lynch South Africa (Pty) Ltd Date: 01/12/2008 16:42:20 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.

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