Update Announcement Regarding The Mandatory Offer by ATON 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”) UPDATE ANNOUNCEMENT REGARDING THE RECOMMENDATION BY THE COMPETITION COMMISSION OF SOUTH AFRICA RELATING TO THE MANDATORY OFFER BY ATON GMBH (“ATON”) Shareholders are referred to the announcement released on SENS on 19 July 2019, regarding the recommendation by the Competition Commission that the merger involving ATON and Murray & Roberts be prohibited (“Recommendation”). Shareholders are advised that the pre-hearing conference of the Competition Tribunal has been set down for Tuesday, 6 August 2019. ATON is yet to indicate to the Company if it will be contesting the Recommendation. Shareholders will be updated regarding the outcomes of the pre-hearing conference as soon as practically possible. RESPONSIBILITY STATEMENT The Independent Board accepts responsibility for the information contained in this announcement and certifies that, to the best of its knowledge and belief, the information contained in this announcement is true and nothing has been omitted which is likely to affect the importance of the information. Bedfordview 1 August 2019 Sponsor The Standard Bank of South Africa Limited Date: 01/08/2019 01:00:00 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.