Sharenet Sites 
Sharenet Sites
Clough independent expert concludes Scheme in best interests of Clough shareholders; Court approved Scheme Booklet
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" or the "Company")
CLOUGH INDEPENDENT EXPERT CONCLUDES SCHEME IS IN BEST INTERESTS OF
CLOUGH SHAREHOLDERS; COURT APPROVED SCHEME BOOKLET REGISTERED WITH
THE AUSTRALIAN SECURITIES AND INVESTMENT COMMISSION
Shareholders are referred to the announcements released on the Stock Exchange News
Service of the JSE Limited (“SENS”) on Tuesday, 30 July 2013, Thursday, 29 August 2013 and
Monday, 7 October 2013, with regards to the proposal by Murray & Roberts to acquire all of the
ordinary shares in Clough Limited (“Clough”) that Murray & Roberts does not already own
(“Proposed Acquisition”).
Murray and Roberts is pleased to advise that the independent expert, Grant Samuel &
Associates Pty Limited, has concluded that the scheme of arrangement between Clough and its
shareholders (the “Scheme”) is in the best interests of Clough shareholders, in the absence of a
superior proposal. Shareholders are further advised that the Federal Court of Australia has
approved the release of the booklet relating to the Scheme (“Scheme Booklet”) and the
convening of a meeting of Clough shareholders to consider and vote on the Scheme. The
Scheme Booklet has been registered with the Australian Securities and Investment
Commission.
This is an important milestone of the Proposed Acquisition which remains on track to be
implemented on or about 11 December 2013, subject to the fulfilment or waiver of certain
conditions precedent including Clough shareholder approval and Murray & Roberts shareholder
approval, as previously advised. The Proposed Acquisition is anticipated to be considered by
Murray & Roberts shareholders at the general meeting to be held on 6 November 2013 and by
Clough shareholders at the shareholder meetings to be held on 15 November 2013.
The full announcements released by Clough, including a copy of the Scheme Booklet to be sent
to Clough shareholders which contains the independent expert’s report, are available for
download at www.asx.com.au/asx/statistics/announcements.do or the Clough website at
www.clough.com.au and will also be uploaded to Murray & Roberts website at
www.murrob.com
Bedfordview
11 October 2013
JSE sponsor:
Deutsche Securities (SA) Proprietary Limited
Lead JSE sponsor in regard to the Proposed Acquisition:
Macquarie First South Capital Proprietary Limited
Exclusive financial adviser:
Macquarie First South Capital Proprietary Limited / Macquarie Capital (Australia) Limited
Independent reporting accountants and auditors:
Deloitte & Touche
Legal counsel:
Webber Wentzel / Corrs Chambers Westgarth
Date: 11/10/2013 02:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
