MUR
MUR
MUR - Murray & Roberts - 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
Murray & Roberts and its partner Leighton Habtoor were advised on Sunday 30
November 2008 that subject to contract, the Trump Towers project in Dubai would
be suspended by its developer Nakheel until such time as the global economic
system stabilises. The 50% value of this contract in the Group Order Book at 30
September 2008 amounted to R 3,2 billion, of which R 0,5 billion relates to the
current financial year.
Murray & Roberts in partnership with Leighton Habtoor is in advanced negotiation
to secure additional infrastructure work for the Dubai government and the
suspension of Trump Towers is not therefore expected to have a material impact
on the Group`s prospects.
The Group is committed to deliver its performance promise and reiterates its
Business Update of 25 November 2008, including its advice that "Shareholders are
cautioned to be prudent with this guidance as the potential impact of current
market volatility may manifest itself on construction sector and Group
performance in the future."
Further announcements will be made as necessary.
This announcement has not been reviewed or reported on by the Group`s auditors
either in terms of paragraph 3.4(b)(vi)(1)(aa) or paragraph 3.4(b)(vi)(1)(bb) of
the Listings Requirements of JSE Limited.
Bedfordview
1 December 2008
Sponsor:
Merrill Lynch South Africa (Pty) Ltd
Date: 01/12/2008 16:42:20 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.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
