Trading Statement 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” or “Group”) TRADING STATEMENT In accordance with paragraph 3.4(b) of the Listings Requirements of the JSE Limited, a company is required to publish a trading statement as soon as it is satisfied, that a reasonable degree of certainty exists, that the financial results for the next period to be reported on are likely to vary by at least 20% from the previous corresponding period. Accordingly, shareholders of the Company are advised that Murray & Roberts’ annual financial results for the year ended 30 June 2014 are expected to show a strong improvement when compared to the previous corresponding period. Headline Earnings per Earnings per share share continuning & Diluted (cents): continuning discontinued FY2013 Actual 132 245 - Pro forma adjustment -9** 0** FY2013 Restated 123* 245 FY2014 Range - low 200 300 - high 210 310 Headline Earnings per Earnings per share share continuning & Basic (cents): continuning discontinued FY2013 Actual 134 247 - Pro forma adjustment -10** 0** FY2013 Restated 124* 247 FY2014 Range - low 203 305 - high 213 315 * Restated for discontinued operations ** The pro forma adjustment relates to the impact of restating Tolcon from continuing to discontinued operations during the year under review. Shareholders are advised that the financial information on which this trading statement is based has not been reviewed and reported on by the Group’s external auditors. DISCONTINUED OPERATIONS As announced on 8 August 2014, Murray & Roberts has entered into an agreement of sale for its shareholding in Tolcon. This agreement, which supports the Group’s focus on its core capabilities of engineering and construction, is subject to Competition Commission and other approvals. The agreement excludes the investments in the Bombela Concession and Bombela Operating Companies and also Entilini Concession and its Operating Companies - the Group’s Concessions businesses are not part of Tolcon. Stakeholders will be updated on the outcome of the transaction in due course. CLAIMS UPDATE - Gorgon Pioneer Materials Offloading Facility (“GPMOF”) – Murray & Roberts announced on 9 June 2014 that the Company had reached a financial settlement with Boskalis Australia Pty Ltd in respect of its GPMOF major claim. The parties negotiated a settlement on all claims and counter claims and the agreement provides for two cash payments, end-June 2014 and end-September 2014. The uncertified revenue taken to book on GPMOF during previous financial years has now been certified. This settlement achieved additional income of R323 million. - Gautrain – In November 2013 an arbitration award was made in favour of the Gauteng Province, in the Gautrain water ingress dispute between the Gauteng Province and the Bombela Concession Company. A panel of technical experts and design consultants were appointed to design a technical solution to the water ingress. The Company has recorded a R300 million provision based on an early assessment of these designs, for its share of potential costs to be incurred. The legal process on the multi-billion rand Delay & Disruption claim against the Gauteng Province is progressing. This claim is expected to be settled no sooner than 2016 and any award will attract interest from 2009 to the date of award. - Dubai International Airport – The arbitration for the Dubai International Airport claim is ongoing and the claim is expected to be resolved during the 2015 calendar year. DATE OF ANNUAL FINANCIAL RESULTS & PRESENTATIONS Murray & Roberts intends to publish its annual results for the year ended 30 June 2014 on Wednesday, 27 August 2014 at or around 17:00 on the Stock Exchange News Service of the JSE and will be hosting investor presentations in Johannesburg on Thursday, 28 August 2014 and in Cape Town on Monday, 01 September 2014. In addition to the physical presentations, the Company will provide the following stakeholder services on Thursday, 28 August 2014 at 10:00 (SA Time): 1. Live Call Access Live call access will be available on the following details: South Africa (Toll Free) 0 800 200 648 South Africa - Cape Town 021 819 0900 South Africa – Johannesburg 011 535 3600 South Africa – Johannesburg 010 201 6800 UK (Toll-Free) 0808 162 4061 USA and Canada (Toll-Free) 1 855 481 5362 Playback details can be requested from ed.jardim@murrob.com 2. Live Webcast A live webcast will also be available on www.murrob.com, on the ‘Annual Results’ link on the home page. Bedfordview 14 August 2014 Sponsor: Deutsche Securities (SA) Proprietary Limited Date: 14/08/2014 02:15:00 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.