MUR - Murray & Roberts Holdings Limited - Trading statement

    MUR - Murray & Roberts Holdings Limited - Trading statement                 
                                                                                
    MURRAY & ROBERTS HOLDINGS LIMITED                                           
(Incorporated in the Republic of South Africa)                              
    Registration number 1948/029826/06                                          
    JSE Share Code: MUR                                                         
    ISIN Code: ZAE000073441                                                     
("Murray & Roberts" or "the Group")                                         
                                                                                
    TRADING STATEMENT                                                           
    Shareholders are advised that 49% held associate Clough Limited will be     
consolidated into the Group`s accounts with effect from 1 July 2007.  In    
    preparation, Clough has reviewed its earnings expectation for the full year 
    to 30 June 2007 and whereas its core earnings are expected to be ahead of   
    its half-year prospects statement, the company has informed the Australian  
Stock Exchange (ASX) that it will raise a provision of "circa AUD110        
    million" for final resolution of legacy problems and projects, all of which 
    arose prior to Murray & Roberts acquiring any interest in Clough.           
                                                                                
Excluding the impact of the Clough provision from the IFRS determination of 
    headline earnings per share ("HEPS"), an increase of 90% to 100% is         
    forecast in the year to 30 June 2007 over the 184 cents per share recorded  
    for the period to 30 June 2006, which excluded the Group`s BBBEE            
transaction expenses ("adjusted HEPS").                                     
                                                                                
    HEPS for the year to 30 June 2007 is expected to increase between 70% and   
    80% over adjusted HEPS for the period to 30 June 2006.  Including the       
impact of the Clough provision and other non-operating items, earnings per  
    share ("EPS") is expected to increase between 50% and 60% over the 165      
    cents per share recorded for the full-year to 30 June 2006.                 
                                                                                
Murray & Roberts has agreed to conditionally support a recapitalisation of  
    the Clough balance sheet and the procurement of new strategic assets,       
    taking into account the potential for realisation of value from non-core    
    assets and the future conversion of various loans and convertible notes to  
equity.                                                                     
    Details of the Clough ASX announcement are available on www.clough.com.au   
                                                                                
    Order Book                                                                  


    The Group is pleased to announce that its project order book at 31 March    
    2007 increased  to R17,5 billion from R15,0 billion at 31 December 2006 and 
    R10,0 billion at 30 June 2006. There is evidence of ongoing significant     
opportunity in all the Group`s market sectors.                              
                                                                                
    The Clough order book at 31 March 2007 stood at AUD735 million (R4,5        
    billion), increasing the Group`s total order book to R22,0 billion.         


    This update has not been reviewed or reported on by the Group`s auditors    
    and is provided in terms of section 3.4(b) of the JSE Listings              
    Requirements.                                                               
Shareholders are reminded that Murray & Roberts will publish its detailed   
    preliminary results for the financial year ended 30 June 2007 on Wednesday  
    29 August 2007.                                                             
                                                                                
Johannesburg                                                                
    12 July 2007                                                                
                                                                                
    Sponsor:                                                                    
Merrill Lynch South Africa (Pty) Ltd                                        
Date: 12/07/2007 08:29:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.