Dispute Adjudication Board award in favour of Aveng against Genrec 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 “Group”) DISPUTE ADJUDICATION BOARD AWARD IN FAVOUR OF AVENG AGAINST GENREC Murray & Roberts refers to the SENS announcement released by Aveng Limited (“Aveng”) today regarding the Dispute Adjudication Board (“DAB”) award against Genrec. Murray & Roberts hereby advises that whilst the DAB award is against Genrec (a division of Murray & Roberts Limited), in terms of a prior arbitration award in favour of Murray & Roberts, the contractor, Mitsubishi-Hitachi Power Systems Africa Pty Ltd (“MHPSA”), is obliged to pay to Murray & Roberts the amounts determined to be due to Aveng as and when Murray & Roberts incurs such amounts. Murray & Roberts and MHPSA are studying the DAB award and are considering whether to take the award on appeal. As a result of the prior arbitration award referred to above, the DAB award in favour of Aveng results in no cost or cash flow implication for Murray & Roberts. Bedfordview 20 September 2017 Sponsor: Deutsche Securities (SA) Proprietary Limited Date: 20/09/2017 03:47:00 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.