Retirement of non-executive director and change in director's function 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 “Company”) RETIREMENT OF NON-EXECUTIVE DIRECTOR AND CHANGE IN DIRECTOR’S FUNCTION In compliance with section 3.59 of the JSE Limited Listings Requirements, shareholders are advised that non-executive director, Bill Nairn will reach the mandatory retirement age for directors at the end of December 2014 and will be retiring from the Murray & Roberts Board of Directors (“Board”) with effect from 1 January 2015. Bill’s retirement from the Board will also result in his retirement as a Chairman of the Heath, Safety & Environment Committee, as well as his retirement as a member of the Social & Ethics Committee and the Risk Management Committee. Ralph Havenstein has been appointed as the Chairman of the Heath, Safety & Environment Committee with effect from 1 January 2015. The Board is thankful for Bill’s contribution to the Company over the last 5 years and wishes him well in his future endeavours. Bedfordview 28 November 2014 Sponsor: Deutsche Securities (SA) Proprietary Limited Date: 28/11/2014 12:40:00 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.