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The article entitled “MRCB sells DUKE stake” in the Star Biz today refers.

MRCB wishes to confirm that the Board of Directors of the Company at their meeting held yesterday had deliberated on the proposal to dispose its stake in DUKE.

The proposal is still at a preliminary stage and the material terms of the proposal are still being negotiated.

We wish to confirm that no agreement has been signed as at to-date. MRCB will make the appropriate announcement when the proposal is conclusive.