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MUR - Murray & Roberts In The Middle East

Release Date: 20/01/2009 17:48
Code(s): MUR
Wrap Text

MUR - Murray & Roberts In The Middle East 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") MURRAY & ROBERTS IN THE MIDDLE EAST Shareholders will be aware that market conditions in sectors of the Middle East and elsewhere have become volatile as a result of the worsening global financial crisis. Following cancellation of Trump Towers and the subsequent award of Dubai International Airport Concourse 3 to Murray & Roberts late last year, the Group has proactively sought clarity from its clients on the firmness of its remaining order book in Middle East. It has now been confirmed that Sama Dubai has terminated the Salam Resort Project in Bahrain where the Group is in joint venture with local partner Nass Corporation. The Group will close out its position in terms of the contract and it is not expected there will be any material impact on the financial result for the year to 30 June 2009. Following the release of the Group`s interim results on 25 February 2009, full details of the order book will be published. This announcement has not been reviewed or reported on by the Group`s auditors. Bedfordview 20 January 2009 Sponsor: Deutsche Securities (SA) (Pty) Ltd. Date: 20/01/2009 17:48:29 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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