MURRAY & ROBERT HOLDINGS LIMITED
(Registration Number: 1948/029826/06)
("the Group")
Share code : MUR
ISIN code : ZAE00008983
Shareholders are advised that an agreement has been concluded whereby Alloy
Wheels International in the United Kingdom has been sold with effect from 30
June 2002. The sale is subject to certain protective rights in favour of the
Group and its customers which are expected to have been satisfied by 30
September 2002.
As a result of the impairment provision created in respect of this investment in
June 2000, this sale will have no impact on the Group's results for the year
ended 30 June 2002.
The Alloy Wheels International operation in South Africa has traded well in the
past year. Murray & Roberts continues to support this business and its value
proposition pending further developments on the engagement of a long term
strategic partner or investor.
This transaction has been facilitated by Bridge Capital.
30 July 2002
Date: 30/07/2002 12:44:54 PM Produced by the JSE SENS Department
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