Allocation of forfeitable shares in terms of the Murray & Roberts Holdings Fortifiable Share Plan (FSP) MURRAY & ROBERTS HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Registration number 1948/029826/06 JSE Share Code: MUR ISIN: ZAE000073441 (“Murray & Roberts” or “Company”) Allocation of forfeitable shares in terms of the Murray & Roberts Holdings Forfeitable Share Plan (“FSP”) Shareholders are advised of the award of forfeitable shares in terms of the FSP to executive directors and the company secretary of Murray & Roberts, and to executive directors of subsidiary company Murray & Roberts Limited on 1 September 2014. In terms of the rules of the FSP, the forfeitable shares will be held in escrow until the vesting date. The forfeitable shares allocated under the FSP are subject to performance conditions based on Return on Invested Capital Employed, Relative Total Shareholder Return and Free Cashflow per Share. The vesting period is three years from the date of award and vesting is subject to the performance conditions and continued employment by the executives. The required shares were bought on market. The nature of interest of each award to participants of the FSP is direct and beneficial. Clearance to deal in these securities has been obtained in terms of paragraph 3.66 of the Listings Requirements of the JSE Limited. Name of director: HJ Laas Company: Murray & Roberts Holdings Limited Forfeitable shares awarded: 246 000 ordinary shares Award price per share: R24.49 Value of transaction: R6 024 540-00 Name of director: AJ Bester Company: Murray & Roberts Holdings Limited Forfeitable shares awarded: 163 000 ordinary shares Award price per share: R24.49 Value of transaction: R3 991 870-00 Name of company secretary: L Kok Company: Murray & Roberts Holdings Limited Forfeitable shares awarded: 25 500 ordinary shares Award price per share: R24.49 Value of transaction: R624 495-00 Name of subsidiary director: O Fenn Subsidiary company: Murray & Roberts Limited Forfeitable shares awarded: 109 500 ordinary shares Award price per share: R24.49 Value of transaction: R2 681 655-00 Name of subsidiary director: JN Govender Subsidiary company: Murray & Roberts Limited Forfeitable shares awarded: 104 000 ordinary shares Award price per share: R24.49 Value of transaction: R2 546 960-00 Name of subsidiary director: IW Henstock Subsidiary company: Murray & Roberts Limited Forfeitable shares awarded: 100 000 ordinary shares Award price per share: R24.49 Value of transaction: R2 449 000-00 Name of subsidiary director: WT Mdluli Subsidiary company: Murray & Roberts Limited Forfeitable shares awarded: 65 000 ordinary shares Award price per share: R24.49 Value of transaction: R1 591 850-00 Name of subsidiary director: FP Saieva Subsidiary company: Murray & Roberts Limited Forfeitable shares awarded: 86 000 ordinary shares Award price per share: R24.49 Value of transaction: R2 106 140-00 Name of subsidiary director: RAG Skudder Subsidiary company: Murray & Roberts Limited Forfeitable shares awarded: 95 000 ordinary shares Award price per share: R24.49 Value of transaction: R2 326 550-00 Bedfordview 3 September 2014 Sponsor: Deutsche Securities (SA) Proprietary Limited Date: 03/09/2014 05:00:00 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.