Notice of beneficial interest in Murray & Roberts securities by Aton Austria Holdings GmbH MURRAY & ROBERTS HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Registration number 1948/029826/06 JSE Share Code: MUR ADR Code: MURZY ISIN Code: ZAE000073441 (“Murray & Roberts” or the “Company”) Notice of beneficial interest in Murray & Roberts securities by Aton Austria Holdings GmbH In accordance with Section 122(3)(b) of the Companies Act, No 71 of 2008, as amended (“Companies Act”) and paragraph 3.83(b) of the JSE Limited Listings Requirements, Murray & Roberts’ shareholders are advised that the Company has received a form TRP121.1 from Aton Austria Holdings GmbH (“Aton”), a company registered in accordance with the laws of Austria. Aton has not acquired additional ordinary shares in Murray & Roberts. The rationale provided by Aton for issuing a TRP 121.1 form, is that its percentage of votable ordinary shares of Murray & Roberts has increased due to the repurchase of its own shares by Murray & Roberts on the open market in accordance with the disclosed share repurchase programme, which concluded on 1 November 2017 (“Buy Back Shares”). Accordingly Aton has confirmed that its beneficial interest in Murray & Roberts ordinary shares, excluding the Buy Back Shares, is now 30.17%. Section 122 of the Companies Act requires notification to the issuer, which in turn is required to file a copy of the notification with the Takeover Regulation Panel and report the information to its shareholders, in any circumstances when the acquirer (or disposer, except in certain circumstances) of securities issued by that company holds a beneficial interest in securities amounting to 5%, 10%, 15% or any further whole multiple of 5% of the issued shares of that class. As the Buy Back Shares will continue to be held as treasury shares by a wholly-owned subsidiary of Murray & Roberts, these ordinary shares have not been cancelled. Aton’s shareholding in Murray & Roberts’ ordinary shares remains at 29.998% of the total issued ordinary share capital of the Company. Aton will be required to notify the Company again in the event of any acquisition of Murray & Roberts ordinary shares which will result in a shareholding in Murray & Roberts of above 30% of the total issued share capital in Murray & Roberts. Bedfordview 16 November 2017 Sponsor: Deutsche Securities (SA) Proprietary Limited Date: 16/11/2017 04:30:00 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.