Macquarie Group Limited: CEO construction conference and market update Wilson Bayly Holmes-Ovcon Limited (Incorporated in the Republic of South Africa) (Registration number: 1982/011014/06) Share code: WBO ISIN: ZAE000009932 (“WBHO”) MACQUARIE GROUP LIMITED (“MACQUARIE ”): CEO CONSTRUCTION CONFERENCE AND MARKET UPDATE CEO CONSTRUCTION CONFERENCE Shareholders are advised that Macquarie is hosting a CEO Construction Conference on Tuesday, 6 December 2016 at which the management of the Company will be submitting a presentation providing a market update. The presentation will be made available on the Company’s website at www.wbho.co.za. MARKET UPDATE SOUTH AFRICA BUILDING: • Healthy volumes of work on hand overall • Good order book replenishment • Retail continues to taper • Sufficient opportunities in the market - residential and commercial • Western Cape and Eastern Cape markets have softened CIVIL ENGINEERING: • Market remains quiet • Early works at Saldanha Oil Tanks have commenced • Anticipate some mining infrastructure projects to materialise in Q4 • Some large infrastructure bids in preparation REST OF AFRICA BUILDING: • 1st commercial office project in Ghana progressing well • 3 additional projects in Ghana targeted • Opportunities in additional geographies being explored CIVIL ENGINEERING: • Smaller mining infrastructure projects in Zambia ongoing • Expanding client base and footprint in-country • Renewable energy projects present potential opportunities SOUTH AFRICA ROADS AND EARTHWORKS: • 26% improvement in order book from June to Sept • Further R1,2 billion secured post Sept • A number of private sector projects awarded – potential for further work • Additional road work projects anticipated in Q3 and Q4 • Opportunities in Pipeline market although fewer large projects available - high levels of competition remain • Additional houses awarded on existing rural housing projects - submitted tenders on new developments awaiting adjudication REST OF AFRICA ROADS AND EARTHWORKS: • Botswana market remains quiet – adept at securing and executing smaller mining infrastructure projects • Mozambique market has slowed – Section 16 of EN4 recently secured • Smaller mining infrastructure projects in Ghana continue to tick over – some larger projects expected to materialize in H2 • New $9.5 million project awarded in Guinea with potential for additional scope • Opportunities in new geographies also being pursued AUSTRALIA BUILDING: • Building order book remains at high levels • Growth in other states reducing reliance on Victoria • Focus on project execution for FY17 • One loss-making project in Brisbane – will affect Australian margin for H1 CIVIL ENGINEERING: • Strategy targeting public infrastructure projects in metropolitan cities slowly gaining traction • Sector diversification in Western Australia • Order book improving Johannesburg 6 December 2016 Sponsor: Investec Bank Limited Date: 06/12/2016 02:00:00 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.