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MUR - Murray & Roberts Holdings Limited - Middle East order book

Release Date: 16/04/2009 07:51
Code(s): MUR
Wrap Text

MUR - Murray & Roberts Holdings Limited - 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 Shareholders are advised that the Al Habtoor Murray & Roberts Takenaka Joint Venture (HMRT) has reached mutual agreement with Dubai Civil Aviation to withdraw from its contract to construct Dubai International Airport Concourse 3. HMRT was awarded the contract in December 2008 and has been working with DCA to finalise acceptable contract terms since then. The Parties have concluded that a mutually acceptable contract is not currently possible. The Group`s 40% share of this contract was worth about R5,0 billion in revenues over the next three year period. Limited work has been undertaken on the project to date and the Parties will work together to reach a final account. HMRT successfully delivered the Concourse 2 and Terminal 3 project which was opened last year. This announcement has not been reviewed or reported on by the Group`s auditors. While withdrawal from this project is not expected to have a material impact on the Group`s results for the financial year to 30 June 2009, the Directors meet at end-June 2009 to consider and approve the Group`s third quarter financial results and review market conditions and budget assessments for the year to 30 June 2009 and should it prove necessary, will issue a business update thereafter. Bedfordview 16 April 2009 Sponsor: Deutsche Securities (SA) (Pty) Ltd Date: 16/04/2009 07:51:32 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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