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MURRAY & ROBERTS HOLDINGS LIMITED - Clough selected as preferred tenderer for Australian Dollar Civil Works Packages for Snowy 2.0 Project

Release Date: 18/01/2019 14:30
Code(s): MUR     PDF:  
 
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Clough selected as preferred tenderer for Australian Dollar Civil Works Packages for Snowy 2.0 Project

MURRAY & ROBERTS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1948/029826/06
JSE Share Code: MUR
ADR Code: MURZY
ISIN: ZAE000073441
(“Murray & Roberts” or “Group”)

MURRAY & ROBERTS SUBSIDIARY CLOUGH, PART OF JOINT VENTURE,
SELECTED AS PREFERRED TENDERER FOR THE MULTI-BILLION AUSTRALIAN
DOLLAR CIVIL WORKS PACKAGES FOR SNOWY 2.0 PROJECT

Murray & Roberts is pleased to announce that the Clough Salini Joint Venture, has been
selected as preferred tenderer for the estimated AU$4 billion civil works packages for the
Snowy 2.0 project. Snowy 2.0 is a multi-year infrastructure project. Clough is a wholly owned
subsidiary of Murray & Roberts and has a 35% shareholding in this joint venture.

The Group’s strategy to extend Murray & Roberts’ Oil & Gas platform’s service offering to
complementary markets with active investment programmes is of critical importance,
considering the current lack of project opportunities in the Australasian LNG sector.

Salini and its US affiliate Lane, are world leaders in hydro power developments, which
combined with Clough, creates a joint venture capability that will deliver the project for the
benefit of the Australian community.

Bedfordview

18 January 2019

Sponsor: The Standard Bank of South Africa Limited

Any forward looking information contained in this announcement has not been reviewed
and reported on by the Group’s external auditors.

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