MUR - Murray & Roberts Holdings Limited - Restructuring of the Murray & Roberts

MUR - Murray & Roberts Holdings Limited - Restructuring of the Murray & Roberts 
Steel Group                                                                     
MURRAY & ROBERTS HOLDINGS LIMITED                                               
(Incorporated in the Republic of South Africa)                                  
Registration number 1948/029826/06                                              
JSE Share Code: MUR                                                             
ISIN: ZAE000073441                                                              
("Murray & Roberts" or "Group")                                                 
RESTRUCTURING OF THE MURRAY & ROBERTS STEEL GROUP                               
The Group issued a Business Update and Voluntary Trading Statement at its annual
general meeting on 27 October 2010, wherein it was noted that: "A program of    
closure and/or disposal of underperforming assets has been initiated for        
implementation within the financial year, subject to regulatory process".       
Shareholders are informed that some divisions within the Group`s steel business,
most notably its electric arc furnace melt shop and reinforcing steel rolling   
mill situated in the Western Cape, trading as CISCO, will be rationalised as a  
result of adverse ongoing market conditions. The preconditions to the regulatory
process for business restructuring have been completed. Affected parties have   
been formally notified today that the Group intends to dispose of CISCO as a    
priority, failing which certain operations will be closed or rationalised.      
The expected financial impact of this restructuring process was included in the 
prospects statement communicated to the market on 27 October 2010.              
The Group sincerely regrets the need to exercise this difficult option and the  
impact it is likely to have on affected employees. All reasonable options to    
mitigate the impact of this decision will be considered during the restructuring
process.                                                                        
Bedfordview                                                                     
9 November 2010                                                                 
Sponsor                                                                         
Deutsche Securities (SA) (Pty) Ltd                                              
Date: 09/11/2010 12:30:01 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`). 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.