Dealings in Securities MURRAY & ROBERTS HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Registration number 1948/029826/06 JSE Share Code: MUR ISIN: ZAE000073441 (“Murray & Roberts” or “Company”) Dealing in securities by Directors, Subsidiary Directors and the Murray & Roberts Holdings Forfeitable Share Plan (“FSP”) 1. 2020 Short Term Incentive (“STI”) Deferral Part of the STI of executives is deferred into forfeitable share awards. These awards of forfeitable shares are governed under the rules of the FSP and vest over a three-year period, at one third per year. The awards are not subject to performance conditions but will be subject to continued employment of the executives. The required shares for the deferred part of the financial year 2020 STI allocation were acquired on market. The interests in these transactions will be directly and beneficially held by the respective executives. The following executives have thus acquired forfeitable shares as set out below on 30 September 2020: Name of director: HJ Laas Company: Murray & Roberts Holdings Limited Number of shares: 236 837 Highest price per share: R5.50 Lowest price per share: R4.97 Volume weighted average price per share: R5.3341 Value of transaction: R1 263 312.24 Name of director: DF Grobler Company: Murray & Roberts Holdings Limited Number of shares: 106 868 Highest price per share: R5.50 Lowest price per share: R4.97 Volume weighted average price per share: R5.3341 Value of transaction: R570 044.60 Name of subsidiary director: MG Da Costa Subsidiary company: Murray & Roberts Limited Number of shares: 45 509 Highest price per share: R5.50 Lowest price per share: R4.97 Volume weighted average price per share: R5.3341 Value of transaction: R242 749.56 Name of subsidiary director: WT Mdluli Subsidiary company: Murray & Roberts Limited Number of shares: 50 476 Highest price per share: R5.50 Lowest price per share: R4.97 Volume weighted average price per share: R5.3341 Value of transaction: R269 244.03 2. Trading of Murray & Roberts ordinary shares The following executives sold shares, on 30 September 2020, to settle the tax arising from the FSP vesting events on 21 September 2020. The interests in these transactions were directly and beneficially held by the respective executives. Name of director: MG Da Costa Company: Murray & Roberts Limited Shares sold: 13 639 Highest price per share: R5.50 Lowest price per share: R4.97 Volume weighted average price per share: R5.3341 Value of transaction: R72 751.79 Name of subsidiary director: ST Harrison Subsidiary company: Murray & Roberts Limited Shares sold: 16 837 Highest price per share: R5.50 Lowest price per share: R4.97 Volume weighted average price per share: R5.3341 Value of transaction: R89 810.24 Name of subsidiary director: WT Mdluli Subsidiary company: Murray & Roberts Limited Shares sold: 15 957 Highest price per share: R5.50 Lowest price per share: R4.97 Volume weighted average price per share: R5.3341 Value of transaction: R85 116.23 3. Trading by the FSP An off-market transfer of 364 365 shares was made on 01 October 2020 by the FSP, to settle a portion of the 2020 FSP allocation. The deemed value of this transaction amounts to R1 943 559.35 based on a share price of R5.3341 All values are before brokerage fees. Clearance has been obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements. Bedfordview 02 October 2020 Sponsor: The Standard Bank of South Africa Limited Date: 02-10-2020 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.