MURRAY & ROBERTS HOLDINGS LIMITED - Deferral of part of STI into forfeitable shares, vesting of deferred forfeitable shares, trading of shares under FSP

Deferral of part of STI into forfeitable shares, vesting of deferred forfeitable shares, trading of shares under FSP

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

Deferral of part of Short Term Incentive (“STI”) into forfeitable shares, vesting of
deferred forfeitable shares and trading of Murray & Roberts ordinary shares under the
Murray & Roberts Holdings Forfeitable Share Plan (“FSP”)

1. 2014 STI Deferral

Murray & Roberts has implemented an automatic deferral of part of the allocated financial
year 2014 STI into forfeitable share awards. This is a long-term share incentive to enhance
alignment of executives with shareholders’ interests. The awards of forfeitable shares are
governed under the rules of the FSP and will vest over a three-year period, at one third per
year. The awards are not subject to performance conditions but will be subject to continued
employment of the executives. The required shares were bought on-market and clearance
has been obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements.
The following executives have been awarded forfeitable shares on Monday, 8 September
2014:

Name of director:                       HJ Laas
Company:                                Murray & Roberts Holdings Limited
STI deferred into forfeitable shares:   49 323 ordinary shares
Price per share:                        R26-9876
Value of transaction:                   R1 331 100-00

Name of director:                       AJ Bester
Company:                                Murray & Roberts Holdings Limited
STI deferred into forfeitable shares:   33 137 ordinary shares
Price per share:                        R26-9876
Value of transaction:                   R894 300-00

Name of company secretary:              L Kok
Company:                                Murray & Roberts Holdings Limited
STI deferred into forfeitable shares:   4 482 ordinary shares
Price per share:                        R26-9876
Value of transaction:                   R120 960

Name of subsidiary director:            O Fenn
Subsidiary company:                     Murray & Roberts Limited
STI deferred into forfeitable shares:   17 357 ordinary shares
Price per share:                        R26-9876
Value of transaction:                   R468 420

Name of subsidiary director:            JN Govender
Subsidiary company:                     Murray & Roberts Limited
STI deferred into forfeitable shares:   20 513 ordinary shares
Price per share:                        R26-9876
Value of transaction:                   R553 600-00

Name of subsidiary director:            IW Henstock
Subsidiary company:                     Murray & Roberts Limited
STI deferred into forfeitable shares:   19 233 ordinary shares
Price per share:                        R26-9876
Value of transaction:                   R519 060

Name of subsidiary director:            WT Mdluli
Subsidiary company:                     Murray & Roberts Limited
STI deferred into forfeitable shares:   11 983 ordinary shares
Price per share:                        R26-9876
Value of transaction:                   R323 400

Name of subsidiary director:            FP Saieva
Subsidiary company:                     Murray & Roberts Limited
STI deferred into forfeitable shares:   13 339 ordinary shares
Price per share:                        R26-9876
Value of transaction:                   R360 000

Name of subsidiary director:            RAG Skudder
Subsidiary company:                     Murray & Roberts Limited
STI deferred into forfeitable shares    18 364 ordinary shares
Price per share:                        R26-9876
Value of transaction:                   R495 600

2. Vesting of 2013 STI Deferral

Murray & Roberts announced to shareholders on 2 September 2013 that a portion of the financial
year 2013 STI allocated to executives was deferred into forfeitable shares. One third of the
deferred forfeitable shares have vested. The executives took delivery of the vested shares on 9
September 2014 as indicated below. The shares were transferred off-market.

Name of director:                       HJ Laas
Company:                                Murray & Roberts Holdings Limited
Shares delivered:                       5 444 ordinary shares
Price per share:                        R27-30
Value of transaction:                   R148 621-20

Name of director:                       AJ Bester
Company:                                Murray & Roberts Holdings Limited
Shares delivered:                       4 256 ordinary shares
Price per share:                        R27-30
Value of transaction:                   R116 188-80

Name of subsidiary director:            O Fenn
Subsidiary company:                     Murray & Roberts Limited
Shares delivered:                       2 224 ordinary shares
Price per share:                        R27-30
Value of transaction:              R60 715-20

Name of subsidiary director:       JN Govender
Subsidiary company:                Murray & Roberts Limited
Shares delivered:                  1 408 ordinary shares
Price per share:                   R27-30
Value of transaction:              R38 438-40

Name of subsidiary director:       IW Henstock
Subsidiary company:                Murray & Roberts Limited
Shares delivered:                  2 469 ordinary shares
Price per share:                   R27-30
Value of transaction:              R67 403-70

Name of subsidiary director:       WT Mdluli
Subsidiary company:                Murray & Roberts Limited
Shares delivered:                  1 136 ordinary shares
Price per share:                   R27-30
Value of transaction:              R31 012-80

Name of subsidiary director:       FP Saieva
Subsidiary company:                Murray & Roberts Limited
Shares delivered:                  2 018 ordinary shares
Price per share:                   R27-30
Value of transaction:              R55 091-40

Name of subsidiary director:       RAG Skudder
Subsidiary company:                Murray & Roberts Limited
Shares delivered:                  2 185 ordinary shares
Price per share:                   R27-30
Value of transaction:              R59 650-50

3. Trading of Murray & Roberts ordinary shares on behalf of the FSP

The FSP purchased the Company’s ordinary shares through on-market trades to settle its
obligations towards the participants of the 1 September 2014 FSP allocation, as follows:

Date:                                       3 September 2014
Number of shares:                           566 364
Volume weighted average price per share:    R26-9924
Highest price per share:                    R27-11
Lowest price per share:                     R26-85
Value of transaction:                       R15 287 523-63

Date:                                       4 September 2014
Number of shares:                           803 727
Volume weighted average price per share:    R26-9387
Highest price per share:                    R27-00
Lowest price per share:                     R26-80
Value of transaction:                       R21 651 360-53

Date:                                       5 September 2014
Number of shares:                           2 404 809
Volume weighted average price per share:    R26-9977
Highest price per share:                    R27-00
Lowest price per share:                      R26-94
Value of transaction:                        R64 924 311-94

Clearance has been obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.


Bedfordview
10 September 2014

Sponsor: Deutsche Securities (SA) Proprietary Limited

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