MURRAY & ROBERTS HOLDINGS LIMITED - DEALING IN SECURITIES BY A DIRECTOR

MURRAY & ROBERTS HOLDINGS LIMITED - DEALING IN SECURITIES BY A DIRECTOR         
MURRAY & ROBERTS HOLDINGS LIMITED                                               
(Incorporated in the Republic of South Africa)                                  
Registration number 1948/029826/06                                              
JSE Share Code: MUR                                                             
ISIN Code: ZAE000008983                                                         
Dealing in Securities by a director of Murray & Roberts Limited ("MRL"), being a
major subsidiary of MRH, as defined in terms of the Listing Requirements        
In compliance with paragraphs 3.63 to 3.65 of the Listings Requirements of the  
JSE Securities Exchange South Africa, the following details are disclosed:      
Name of Director        Mr K E Smith                                            
Name of Company         Murray & Roberts Holdings Limited                       
Date of transaction     14th October 2004                                       
Class of Securities     Ordinary Shares                                         
Nature of Transaction   Exercise of share options and immediate sale            
of shares.                                              

Strike price of         150 000 at R2,33; 30 000 at R3,16 and                   
options                 190 000 at R4,60                                        
Price at which shares   R12,20 per share                                        
were sold                                                                       
Number of shares taken  370 000                                                 
up                                                                              
Total value of          R 4 514 000                                             
securities                                                                      
Nature of Interest      Beneficial (directly)                                   
Clearance               Clearance from Group Chief Executive                    
                        (designated officer) was given on 14 October            
2004.                                                   

Remaining shares held   936,000 share options and 22 578 shares                 
Johannesburg                                                                    
15 October 2004                                                                 
Sponsor                                                                         
Merrill Lynch South Africa (Pty) Limited                                        
Date: 15/10/2004 03:17:10 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department