Allocation of forfeitable shares in terms of the Murray & Roberts Holdings Forfeitable Share Plan 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. 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 award date and vesting is subject to the performance conditions and continued employment by the executives. The required shares will be 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. The following executives have been allocated forfeitable shares on 15 September 2015 at R12-54 per ordinary share: Name of director: HJ Laas Company: Murray & Roberts Holdings Limited Forfeitable shares awarded: 760 000 ordinary shares Value of transaction: R9 530 400-00 Name of director: AJ Bester Company: Murray & Roberts Holdings Limited Forfeitable shares awarded: 430 000 ordinary shares Value of transaction: R5 392 200-00 Name of company secretary: L Kok Company: Murray & Roberts Holdings Limited Forfeitable shares awarded: 42 000 ordinary shares Value of transaction: R526 680-00 Name of subsidiary director: O Fenn Subsidiary company: Murray & Roberts Limited Forfeitable shares awarded: 333 500 ordinary shares Value of transaction: R4 182 090-00 Name of subsidiary director: JN Govender Subsidiary company: Murray & Roberts Limited Forfeitable shares awarded: 266 000 ordinary shares Value of transaction: R3 335 640-00 Name of subsidiary director: IW Henstock Subsidiary company: Murray & Roberts Limited Forfeitable shares awarded: 262 500 ordinary shares Value of transaction: R3 291 750-00 Name of subsidiary director: WT Mdluli Subsidiary company: Murray & Roberts Limited Forfeitable shares awarded: 145 500 ordinary shares Value of transaction: R1 824 570-00 Name of subsidiary director: RAG Skudder Subsidiary company: Murray & Roberts Limited Forfeitable shares awarded: 247 000 ordinary shares Value of transaction: R3 097 380-00 Bedfordview 18 September 2015 Sponsor: Deutsche Securities (SA) Proprietary Limited Date: 18/09/2015 04:00:00 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.