News: DRA DRA Global Says DRAH Is Awarded R1,761,013.72 Plus Interest And Costs

March 18 (Reuters) - DRA Global Ltd (DRA) :

• DRA GLOBAL LTD - PROVIDES AN UPDATE IN RESPECT OF PROCEEDINGS BROUGHT BY DRAH AGAINST LMDC, AND COUNTERCLAIMS BY LMDC AGAINST DRAH
• DRA GLOBAL LTD - DRAH IS AWARDED R1,761,013.72 ($160,405) PLUS INTEREST AND COSTS.
• DRA GLOBAL LTD - LMDC IS AWARDED R31,290,403.78 ($2,850,150) PLUS INTEREST AND COSTS.
• DRA GLOBAL LTD - DRA HAS NOT PREVIOUSLY MADE PROVISION FOR AN AWARD IN FAVOUR OF LMDC.
• DRA GLOBAL-NET AMOUNT PAYABLE BY DRA TO LMDC, FOLLOWING FINAL DETERMINATION OF COSTS AND INTEREST, WILL BE INCLUDED IN PROFIT AND LOSS FOR CURRENT FY