Voluntary announcement - Disposal of Genrec to Nisela Capital 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 Group”) VOLUNTARY ANNOUNCEMENT - DISPOSAL OF GENREC TO NISELA CAPITAL Further to the announcement released on 12 October 2016 on the Stock Exchange News Service of the JSE Limited, regarding the potential disposal of Genrec, shareholders are advised that the business has been sold to Nisela Capital, an asset management, private equity and advisory firm, for the consideration of R185 million (“the Transaction”). The Transaction is still subject to certain conditions precedent and regulatory approvals. The Transaction is not classified as a categorised transaction, according to section 9 of the JSE Listings Requirements. Genrec was the last remaining manufacturing business in the Group’s portfolio of businesses. Murray & Roberts believes that the Transaction is in the best interests of the long-term sustainability of both the Group and its long-term strategy to focus on the global natural resources markets, as well as Genrec. Bedfordview 24 October 2016 Sponsor: Deutsche Securities (SA) Proprietary Limited Date: 24/10/2016 11:10:00 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.