| Wed 14 May 2008, 14:58 | | MUR - Murray & Roberts - Award Of Contracts |
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MUR
MUR
MUR - Murray & Roberts - Award Of Contracts
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 "the Group")
AWARD OF CONTRACTS
Shareholders are advised that the Group`s project order book increased to R44
billion at 31 March 2008, which is 16% up in the third quarter and almost 100%
up over the nine months since 30 June 2007.
Subsequent to 31 March 2008, the Group has been awarded a number of additional
major projects in its various markets. Many of the new contracts awarded in the
year to date have extended durations beyond June 2010.
South Africa
Murray & Roberts and a 33% partner have signed a Letter of Acceptance and
received the Notice to Proceed in respect of the Medupi Civil Works contract for
Eskom valued at about R3,0 billion.
The Group`s RSA mining contracting subsidiary has favourably renegotiated the
terms of its contract for continuation of underground development and mining at
Kroondal Mine.
Construction Middle East
Murray & Roberts and its partners in Abu Dhabi have been awarded the
construction contract for the Sorbonne University Campus, valued at about AED1,0
billion (R2,2 billion) and are in negotiations for the award of an approximately
AED6,0 billion (R13,3 billion) contract to build the iconic Tameer Towers high
rise project.
In Dubai, Murray & Roberts and its partner Habtoor continue negotiations to
construct the Dubai Airport Concourse 3 project valued at about AED5,0 billion
(R11,0 billion) and have been awarded preferred contractor status for the Coral
Island Resort Development, the first major project on The World, valued at about
AED 4,0 billion (R8,8 billion).
Australia
Murray & Roberts subsidiary Clough Limited announced in April that it had been
awarded the Apache Devil`s Creek Development Project on the Northwest Shelf
valued at AUD240 million (R1,8 billion).
The Board will consider the appropriateness of issuing a Business Update
following its next meeting on 25 June 2008.
Johannesburg
14 May 2008
Sponsor:
Merrill Lynch South Africa (Pty) Ltd
Date: 14/05/2008 14:58:27 Produced by the JSE SENS Department.
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