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MUR - Murray & Roberts Holdings Limited - Probable dubai debt moratorium

Release Date: 27/11/2009 07:09
Code(s): MUR
Wrap Text

MUR - Murray & Roberts Holdings Limited - Probable dubai debt moratorium MURRAY & ROBERTS HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Registration number 1948/029826/06 JSE Share Code: MUR ISIN: ZAE000073441 ("Murray & Roberts") PROBABLE DUBAI DEBT MORATORIUM Murray & Roberts has noted the recent request by Emirate of Dubai state-owned developer Dubai World and its subsidiary Nakheel, for a temporary suspension of debt repayments. The only contract to which Murray & Roberts was exposed with Nakheel was Trump Tower. This contract was terminated and all accounts settled in full within the previous financial year. Murray & Roberts and its partners (HMRT Joint Venture) continue to progress final account settlement of the Dubai International Airport Terminal 3 and Concourse 2 Project for Dubai government`s Department of Civil Aviation. While progress remains slow, the HMRT Joint Venture is confident of its rights under the contract and will pursue such rights as appropriate. Bedfordview 27 November 2009 Sponsor: Deutsche Securities (SA) (Pty) Ltd Date: 27/11/2009 07:09:14 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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