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 (“JSE”), 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. Shareholders of the Company are advised that Murray & Roberts’ interim financial results for the six months to 31 December 2014 are expected to show an improvement when compared to the previous corresponding period. Results from continuing operations: Headline Earnings per Earnings per share share Diluted (cents): continuing continuing Actual 6 Months to 31 December 2013 62 63 - IFRS adjustment* -5 -5 Restated 6 Months to 31 December 2013 57 58 Range 6 Months to 31 December 2014 Cents % Cents % - low 74 30% 75 29% - high 84 47% 85 47% Headline Earnings per Earnings per share share Basic (cents): continuing continuing Actual 6 Months to 31 December 2013 63 64 - IFRS adjustment* -5 -6 Restated 6 Months to 31 December 2013 58 59 Range 6 Months to 31 December 2014 Cents % Cents % - low 76 31% 77 31% - high 86 48% 87 47% *The IFRS adjustment relates to the impact of restating Tolcon from continuing to discontinued operations during the period under review. Results from continuing and discontinued operations: Headline Earnings per Earnings per share share continuing continuing & Diluted (cents): & discontinued discontinued Actual 6 Months to 31 December 2013 86 175 Range 6 Months to 31 December 2014 Cents % Cents % - low 80 -7% 82 -53% - high 90 5% 92 -47% Headline Earnings per Earnings per share share continuing continuing & Basic (cents): & discontinued discontinued Actual 6 Months to 31 December 2013 88 178 Range 6 Months to 31 December 2014 Cents % Cents % - low 83 -6% 84 -53% - high 93 6% 94 -47% The prior year earnings from continuing and discontinued operations include an after tax profit on sale of discontinued operations of R388 million (94 cents diluted and 96 cents basic). The prior year earnings from continuing and discontinued operations include R98 million (24 cents diluted and basic) trading profit from discontinued operations. The prior year headline earnings from continuing and discontinued operations include R122 million (29 cents diluted and 30 cents basic) trading profit from discontinued operations. 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. DATE OF INTERIM FINANCIAL RESULTS & PRESENTATIONS Murray & Roberts intends to publish its interim financial results for the six months to 31 December 2014 on Wednesday, 25 February 2015 at or around 17:00 on the Stock Exchange News Service of the JSE and will be hosting an investor presentation in Johannesburg on Thursday, 26 February 2015. In addition to the physical presentation, the Company will provide the following stakeholder services on Thursday, 26 February 2015 at 12:00 (SA Time): 1. Live Call Access Live call access will be available on the following details: South Africa (Toll Free) 0 800 200 648 UK (Toll-Free) 0808 162 4061 USA and Canada (Toll-Free) 1 855 481 5362 Australia (Toll-Free) 1 800 350 100 Other Countries - International +27 10 201 6800 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 ‘Interim Results’ link on the home page. Bedfordview 23 February 2015 Sponsor: Deutsche Securities (SA) Proprietary Limited Date: 23/02/2015 05:14:00 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.