Vesting of forfeitable shares of Murray & Roberts ordinary shares 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”) Vesting of forfeitable shares of Murray & Roberts ordinary shares under the Murray & Roberts Holdings Forfeitable Share Plan (“FSP”) 1. Vesting of 2013 FSP Allocation As disclosed in the Company’s 2016 Annual Integrated report, certain of the performance conditions related to the 2013 allocation of forfeitable shares were not met. As a result 96% of the forfeitable shares have vested. The shares vested on 1 November 2016, at a price of R9.23 per share as indicated below. The shares were transferred off-market. The interests in these transactions will be directly and beneficially held by the respective executives. Name of director: HJ Laas Company: Murray & Roberts Holdings Limited Shares delivered: 199 680 ordinary shares Value of transaction: R1 843 046 Name of director: AJ Bester Company: Murray & Roberts Holdings Limited Shares delivered: 140 160 ordinary shares Value of transaction: R1 293 677 Name of subsidiary director: O Fenn Subsidiary company: Murray & Roberts Limited Shares delivered: 96 480 ordinary shares Value of transaction: R890 510 Name of subsidiary director: JN Govender Subsidiary company: Murray & Roberts Limited Shares delivered: 69 120 ordinary shares Value of transaction: R637 978 Name of subsidiary director: ST Harrison Subsidiary company: Murray & Roberts Limited Shares delivered: 57 600 ordinary shares Value of transaction: R 531 648 Name of subsidiary director: IW Henstock Subsidiary company: Murray & Roberts Limited Shares delivered: 85 440 ordinary shares Value of transaction: R788 611 Name of subsidiary director: WT Mdluli Subsidiary company: Murray & Roberts Limited Shares delivered: 57 600 ordinary shares Value of transaction: R531 648 2. Vesting of 2013, 2014 & 2015 STI Deferral Murray & Roberts has previously announced to shareholders that a portion of the financial years 2013, 2014 and 2015 STI allocated to executives was deferred into forfeitable shares. One third of the deferred STI forfeitable shares allocated in 2013, 2014 and 2015 have vested. The shares vested on 1 November 2016, at a price of R9.23 per share as indicated below. The shares were transferred off-market. The interests in these transactions will be directly and beneficially held by the respective executives. Name of director: HJ Laas Company: Murray & Roberts Holdings Limited Shares delivered: 46 480 ordinary shares Value of transaction: R429 010 Name of director: AJ Bester Company: Murray & Roberts Holdings Limited Shares delivered: 32 647 ordinary shares Value of transaction: R301 332 Name of company secretary: L Kok Company: Murray & Roberts Holdings Limited Shares delivered: 1 493 ordinary shares Value of transaction: R13 780 Name of subsidiary director: O Fenn Subsidiary company: Murray & Roberts Limited Shares delivered: 8 007 ordinary shares Value of transaction: R73 905 Name of subsidiary director: JN Govender Subsidiary company: Murray & Roberts Limited Shares delivered: 21 477 ordinary shares Value of transaction: R198 233 Name of subsidiary director: IW Henstock Subsidiary company: Murray & Roberts Limited Shares delivered: 8 878 ordinary shares Value of transaction: R81 944 Name of subsidiary director: WT Mdluli Subsidiary company: Murray & Roberts Limited Shares delivered: 12 100 ordinary shares Value of transaction: R111 683 Name of subsidiary director: S Harrison Subsidiary company: Murray & Roberts Limited Shares delivered: 13 421 ordinary shares Value of transaction: R123 876 Values are before brokerage fees. Clearance has been obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements. Bedfordview 2 November 2016 Sponsor: Deutsche Securities (SA) Proprietary Limited Date: 02/11/2016 03:00:00 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.