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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 2 October, 2009, 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 Companies and Intellectual Property Registration Office for registration in due course. At the Annual General Meeting, Mr. G M Raubenheimer (executive director) did not seek re-election and accordingly resigned from the board. Mr. G M Raubenheimer will continue as part of the Group`s management team. Mr R J Fourie was appointed as an executive director of the board. The chairman, Collin Matjila, made the following address at the Annual General Meeting: The past year was marked by volatile economic conditions in the global world markets. Despite these challenges, Raubex achieved yet another strong financial and operational performance which was substantiated by a growing order book and the continued healthy demand for our services. This has also been a year of consolidation as we entrenched the group as a competitive industry player with adequate scale and reach. Following a balanced strategy of organic and acquisitive growth has proven to be profitable and highly beneficial. Five acquisitions were successfully incorporated into the Group and have already delivered strong financial and operational performances within the various divisions. Organically, the government`s continued demand for our services has served us well and our investment into a new asphalt production facility will also increase our market share in the key Gauteng area significantly. Current indications point to the Gauteng Freeway Improvement Programme being extended into a third phase and we will continue to actively explore associated Public Private Partnership opportunities. But South Africa will not provide the necessary growth potential forever. Whilst maintenance of the newly developed infrastructure will remain a cornerstone of our business, Raubex has made it clear that in the long-term, it will continue to look at the international market to sustain its growth momentum. Our international strategy is moving ahead and we have continued to carefully expand into the SADC region on a country by country basis. Post year end, our strong presence in Zambia was complemented by the awarding of two large road contracts in Namibia with a combined value of R1 billion. Smaller contracts were also awarded in that country subsequently. We will continue to cautiously explore new opportunities in geographies that meet our investment criteria with Botswana, Angola and Zimbabwe appearing attractive in the medium term. It is anticipated that international operations will contribute 50% of Group revenue in the next five years. Raubex announced a final dividend of 70 cents per share bringing the total dividend for the year to 100 cents per share. The dividend policy of three times cover indicated at listing remains unchanged. A cornerstone of Raubex`s success has been its entrepreneurial culture supported by strong management and I have no doubt that this will continue in the future. In line with the Group`s succession strategy, Mr Koos Raubenheimer, the current CEO and founder of Raubex, announced his intention to retire from his position in March 2010. It is anticipated that Rudolf Fourie, current Managing Director of the Roadmac division, will assume the position of CEO in March next year whilst Koos Raubenheimer will take on a non-executive role on the Board. As a result, the Board will be streamlined to two executives with Francois Diedrechsen retaining his position as Financial and Commercial Director. GM (Thabo) Raubenheimer will be retiring as an executive member of the Board but will remain with the business going forward. I would like to thank him for his services and continued valuable contribution to the success of the business. We believe that the global economic focus on infrastructure will underpin South Africa`s essential development plans and this will continue to drive the current cycle. Our strategy to continue to secure the medium term order book will ensure further growth and we remain committed to a conservative capital expenditure strategy until there is improvement in the long-term visibility. I would like to extend my thanks to my colleagues on the Board, management and all employees for the achievements of the past year but also our investors for their continued support. I look forward to another year of continued success and growth. 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 Hayley Crane +27 72 758 1677 www.raubex.co.za Investment Bank and Sponsor Investec Bank Limited Johannesburg 2 October 2009 Date: 02/10/2009 13:13:01 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`). 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