Trading Statement for the Year Ended 30 June 2019 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” or “Group”) TRADING STATEMENT FOR THE YEAR ENDED 30 JUNE 2019 The reclassification of the Company’s listing on the JSE in March 2017 from the heavy construction to the diversified industrial subsector, marked the beginning of a new and exciting narrative for Murray & Roberts as a multinational provider of specialised engineering and construction services, primarily in the metals and minerals, oil and gas and power and water market sectors. Implementation of the New Strategic Future plan gathered momentum in the year, with the Group’s business platforms making headway in consolidating their strategic positions, competitive advantages and growth prospects. A strong, quality order book of R46,8 billion and near orders of R13,9 billion as at 30 June 2019, compared to an all-time high order book of R55,5 billion, underscores the board of director’s (“Board”) confidence that the Group’s strategy is starting to yield the planned outcomes. The prospects for an improvement in operational performance is encouraging and the Group remains optimistic about the longer-term outlook for natural resources markets. TRADING STATEMENT Shareholders are advised that Murray & Roberts expects to show an improvement in total earnings per share (“EPS”) and headline earnings per share (“HEPS”), for the year to 30 June 2019 (“FY2019”), when compared to the previous corresponding period to 30 June 2018. The Company expects to report FY2019 results within the following ranges: 30 June 2019 30 June 2019 30 June 2018 Expected range Expected range Actual (%) (cps) (cps) EPS Basic EPS 19 – 34 80 – 90 67 Diluted EPS 18 – 33 78 – 88 66 HEPS Basic HEPS 62 – 79 76 – 84 47 Diluted HEPS 61 – 78 74 – 82 46 The improvement in earnings for FY2019, relative to the previous corresponding period, is predominantly due to a smaller loss recorded in discontinued operations. Shareholders are advised that, in accordance with Regulations 111 (9) and (10) of the Companies Regulations, 2011, read with Section 3.4 (b) (viii) (1) of the JSE Listings Requirements, the financial information under this heading “Trading Statement” has been reviewed and reported on by Deloitte & Touche, the Group’s external auditors. Their review was performed in accordance with ISRE 2410 – Review of Interim Financial Information Performed by the Independent Auditor of the Entity. A copy of the unmodified report is available for inspection by shareholders at the registered address of Murray & Roberts until the release of the FY2019 Annual Results, which is expected to be on or about 28 August 2019. RESPONSIBILITY STATEMENT The Board accepts responsibility for the information contained in this update and certifies that, to the best of the knowledge and belief of its members, the information contained in this announcement is true and nothing has been omitted which is likely to affect the accuracy and relevance of the information. Bedfordview 23 August 2019 Sponsor The Standard Bank of South Africa Limited Date: 23/08/2019 10:59:00 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.