MURRAY & ROBERTS HOLDINGS LIMITED - Market update on the collapse of the pedestrian bridge construction support structure

Market update on the collapse of the pedestrian bridge construction support structure

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”, “Group” or “the Company”)


MARKET UPDATE ON THE COLLAPSE OF THE PEDESTRIAN BRIDGE
CONSTRUCTION SUPPORT STRUCTURE

Stakeholders are referred to the statements released on the Stock Exchange News Service
on:

   -   15 October 2015;
   -   20 October 2015;
   -   the market update call held on 22 October 2015, of which the transcript is available
       on the Murray & Roberts website www.murrob.com; and
   -   5 November 2015.

The purpose of this announcement is to provide an update to shareholders, stakeholders
and other interested parties:

CONDITION OF THE INJURED

   -   We are pleased to report that all 19 people injured in the incident have been
       discharged from hospital. Two of the discharged persons are engaged in a
       rehabilitation programme, and will hopefully make a speedy and full recovery.

UPDATE ON THE INQUIRY PROCESS AND INVESTIGATION

   -   On 28 October 2015, the Department of Labour announced that, based on the
       information gathered, the Chief Inspector has taken a decision to conduct a formal
       inquiry in terms of Section 32 of the Occupational Health and Safety Act.
   -   On 19 November 2015, the Department of Labour announced that Lennie Samuel
       was appointed as the presiding inspector to head the inquiry.
   -   Murray & Roberts has prepared a protocol document for the removal of the collapsed
       structure, highlighting procedures that would be followed‚ the stages of removal‚
       safety specifications‚ safety plans and related matters.
   -   This protocol will be circulated to all the stakeholders/interested parties before any
       elements of the structure are removed.
   -   The Murray & Roberts’ investigation process is running its course and the
       investigation team is making steady progress.

BOARD DIRECTOR CONFLICT PROTOCOL

   -   Mahlape Sello and Royden Vice were directors of both Murray & Roberts and Waco
       International boards at the time of the incident. A strict protocol has been established
       and implemented since the time of the incident, which excluded both directors from
       any discussion and documents relating to the support structure collapse incident,
       therefore eliminating any possible conflicts on the matter.
   -   Mahlape Sello has stepped down from the Waco International board and is no longer
       conflicted.
   -   Royden Vice continues to serve on the Waco International board and the protocol, as
       described above, will continue to apply to him.

CONCLUDING REMARKS

The cause or causes of the incident have not yet been established and the investigation
process is expected to last a few months, as it is a complex matter. The Company will not
speculate on possible causes.


Bedfordview
1 December 2015

Sponsor: Deutsche Securities (SA) Proprietary Limited

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