| 18-01-2005 |
| DISPOSAL OF INTEREST IN UNITRANS |
| Murray & Roberts Holdings Limited (Incorporated in the Republic of South Africa) Registration number 1948/029826/06 JSE Code MUR ISIN Code ZAE000008983 (“Murray & Roberts” or “the company”) DISPOSAL OF INTEREST IN UNITRANS Shareholders are referred to the circular posted to shareholders on 8 December 2004 which outlined details of the salient terms of the disposal by the company of its 44%-interest held in Unitrans Limited (“Unitrans”) to Steinhoff International Holdings Limited (“Steinhoff”) for a total consideration (cum dividend) of R934 799 698, hereafter referred to as the transaction. At the time of posting the circular, the only outstanding condition precedent was approval by the Competitions Authorities. Shareholders are advised that unconditional approval for the transaction from the Competition Tribunal was obtained on Wednesday 12 January 2005. The transaction was settled today, Tuesday 18 January 2005 where Murray & Roberts received from Steinhoff, an amount of R900 583 018, which was the consideration less the dividend of R34 216 680 which was paid to the company on 4 October 2004. Johannesburg Transaction advisor and lead transactional sponsor
|
