Award of Contracts
14 May 2008
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.
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).
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.
14 May 2008
Merrill Lynch South Africa (Pty) Ltd