Market Activity in Murray & Roberts Ordinary Shares 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”) MARKET ACTIVITY IN MURRAY & ROBERTS ORDINARY SHARES The Company notes the unusually high trading volumes in Murray & Roberts ordinary shares traded on the securities exchange operated by JSE Limited (“JSE”) during the course of yesterday, 16 February 2017. According to market data, approximately 96 million Murray & Roberts shares traded, equivalent to approximately 22% of the Company’s total issued ordinary share capital and the volume weighted average price of Murray & Roberts’ shares traded yesterday was R14.91, with a high price of R15.00. The Company notes that these trades were executed at prices well above both the volume weighted average prices of Murray & Roberts shares over the 30-day and 60-day periods to 15 February 2017 of R11.19 and R11.38 respectively which were sourced from market data. The Company is not currently aware of anything that could have led to this unusual market activity. The identities and/or intentions of the acquirer(s) of Murray & Roberts’ shares are not known to the Company and will not be known unless the acquirer either approaches the Company directly or is required to notify the Company in terms of section 122 of the Companies Act, 71 of 2008 (“Companies Act”). The Company has not yet been notified by any sellers of Murray & Roberts’ shares who may be required to do so in terms of section 122 of the Companies Act. Bedfordview 17 February 2017 Sponsor: Deutsche Securities (SA) Proprietary Limited Date: 17/02/2017 09:25:00 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.