STATEMENT BY BRIAN BRUCE, CE OF MURRAY & ROBERTS

M & R APPOINTS CHIEF OPERATING OFFICER AND CHIEF ENGINEER

IN A FURTHER DEVELOPMENT AIMED AT STRENGTHENING OUR LEADERSHIP CAPACITY, IT IS
MY PLEASURE TO ANNOUNCE THE APPOINTMENT OF ANDRE DE NYSSCHEN AS CHIEF OPERATING
OFFICER OF THE MURRAY & ROBERTS GROUP WITH IMMEDIATE EFFECT.

ANDRE DEVELOPED HIS EARLY CAREER IN THE MINING INDUSTRY. HE JOINED MURRAY &
ROBERTS IN 1983 AND WAS APPOINTED EXECUTIVE DIRECTOR OF THEN LISTED MURRAY &
ROBERTS SUBSIDIARY, GENREC, IN 1987. IN RECENT YEARS, HE HAS LED THE

RESTRUCTURING AND TURNAROUND OF ALLOY WHEELS INTERNATIONAL (AWI) INTO A WORLD
CLASS BUSINESS.

IN HIS NEW ROLE, ANDRE WILL LEAD OUR GROUP'S CHALLENGE TO DELIVER OPERATIONAL
EXCELLENCE. HE WILL WORK IN PARTNERSHIP WITH HIS EXECUTIVES COLLEAGUES AND
THEIR AIM WILL BE TO GENERATE WORLD CLASS PERFORMANCES IN ALL OF OUR

OPERATIONS. IN ADDITION, ANDRE WILL RETAIN HIS EXECUTIVE RESPONSIBILITY FOR AWI
IN THE SAME WAY THAT OUR CHIEF FINANCIAL OFFICER LEADS THE GROUP'S DELIVERY OF
SOUND FINANCIAL MANAGEMENT AND REPORTING AT ALL LEVELS, BUT WITHOUT HAVING TO
DO THE DETAILED WORK, SO THE CHIEF OPERATING OFFICER IS RESPONSIBLE FOR
ENSURING THE DELIVERY OF PERFORMANCE TO OUR CUSTOMERS AND CLIENTS, USING THE
EXISTING BUSINESS STRUCTURES.

ANDRE IS WELL LIKED AND RESPECTED IN MURRAY & ROBERTS AND IS AN EXCEPTIONALLY
EFFECTIVE TEAM PLAYER.

HE HAS MAINTAINED A STRONG INVOLVEMENT IN TERTIARY ENGINEERING EDUCATION AND
REPRESENTS MURRAY & ROBERTS IN MATTERS RELATED TO THE SPONSORED CHAIR OF
MECHANICAL ENGINEERING AT THE UNIVERSITY OF THE WITWATERSRAND.
PRIORITISING ENGINEERING EXCELLENCE

I ALSO HAVE PLEASURE IN ANNOUNCING THE APPOINTMENT OF ROLAND BERNDT AS GROUP
CHIEF ENGINEER.

MURRAY & ROBERTS' FUNDAMENTAL EXPERTISE IS ENGINEERING. ROLAND WILL ENSURE THAT
WE REMAIN ABREAST OF TECHNOLOGY ADVANCES IN ENGINEERING AND THAT WE APPLY BEST
PRACTICE IN OUR APPLICATION OF TECHNOLOGY. IN THIS RESPECT, HE WILL BE THE
CUSTODIAN OF OUR CORE COMPETENCE IN INDUSTRIAL DESIGN AND ENGINEERING.
MUCH OF ROLAND'S WORK WILL BE DONE IN PARTNERSHIP WITH ANDRE DE NYSSCHEN, WITH
WHOM HE WORKED IN SECURING AWI'S TURNAROUND.

ROLAND GRADUATED WITH A BACHELOR'S AND MASTER'S DEGREE IN AERONAUTICAL
ENGINEERING FROM THE UNIVERSITY OF THE WITWATERSRAND IN 1990 AND 1992,
RESPECTIVELY. THEREAFTER, HE ATTENDED THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY
(MIT), DOING RESEARCH ON AIRCRAFT JET ENGINES UNDER THE SPONSORSHIP OF NASA AND
PRATT & WHITNEY. HE GRADUATED WITH A SECOND MASTER'S DEGREE IN ENGINEERING FROM
MIT IN 1995.

ROLAND THEN RETURNED TO SOUTH AFRICA AND JOINED ME IN MURRAY & ROBERTS ON A
RESEARCH PROJECT INTO THE MARKETS FOR LARGE INDUSTRIAL PROJECTS AND SUCCESSFUL
PROJECT IMPLEMENTATION. HE PARTNERED ANDRE AND I IN THE SUCCESSFUL RESOLUTION
OF A MAJOR CONTRACTUAL DISPUTE BETWEEN MURRAY & ROBERTS AND ONE OF ITS
INTERNATIONAL PARTNERS ON A CONTRACT TO MANUFACTURE METRO TRAINS FOR TAIWAN.
IN 1997, ROLAND WAS APPOINTED GROUP TECHNOLOGY MANAGER FOR THE ENGINEERING
GROUP AND SINCE 1998, HAS BEEN THE GROUP TECHNICAL DIRECTOR OF AWI.

ROLAND'S APPOINTMENT IS AN IMPORTANT DEVELOPMENT IN MURRAY & ROBERTS'
COMMITMENT TO PROMOTE TALENTED YOUNG PEOPLE.