Notice of disposal and acquisition of Murray & Roberts securities 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 DISPOSAL AND ACQUISITION OF MURRAY & ROBERTS SECURITIES In accordance with Section 122(3)(b) of the Companies Act, No 71 of 2008, as amended and paragraph 3.83(b) of the JSE Limited Listings Requirements, Murray & Roberts shareholders are advised that the Company has received formal notifications: 1. that the Public Investment Corporation SOC Ltd (“PIC”) has acquired an additional beneficial interest in the ordinary shares of the Company, such that the total of all the beneficial interest held by the PIC is now at 20.157% of the total issued ordinary shares of the Company; 2. that clients of Allan Gray have, in aggregate, disposed an interest in the ordinary shares of the Company, such that the total interest in the ordinary shares of the Company held by Allan Gray's clients has reduced to 4.3280% of the total issued ordinary shares of the Company; 3. that Aton Austria Holding GmbH, (“Aton AT”), a company registered in accordance with the laws of Austria, has acquired an additional beneficial interest in the ordinary shares of the Company, such that the total of all the beneficial interest held by Aton AT is now at 39.8% of the total issued ordinary shares of the Company. Bedfordview 17 April 2018 Sponsor: Deutsche Securities (SA) Proprietary Limited Date: 17/04/2018 11:00:00 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.