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 the “Group”)

TRADING STATEMENT FOR THE YEAR ENDED 30 JUNE 2023

The financial year to 30 June 2023 has been the most challenging period for Murray &
Roberts since the 2008 global financial crisis. The global pandemic was the singular event
that destroyed great promise and value for many economies, investors, companies and
individuals around the world.

Globally, several engineering and construction companies have been taken over or
liquidated due to the impact of the pandemic. As a core group, Murray & Roberts has been
able to withstand the material impact of the pandemic and notwithstanding the loss of its
businesses in Australia, believes that it will trade through what remains of this challenging
period.

In the financial report for the year under review, Murray & Roberts Pty Ltd (“MRPL”), the
Group’s holding company in Australia, and MRPL’s subsidiaries Clough Limited (“Clough”)
and RUC Cementation Mining Contractors Pty Ltd (“RUC”), have been reported as
discontinued operations and deconsolidated from the Group with effect from 5 December
2022. The comparative financial results for the year ended 30 June 2022 have been
restated with MRPL and its subsidiaries, previously reported as continuing operations, now
reported as discontinued operations.

The Group expects to report FY2023 results within the following ranges:

Results from continuing and discontinued operations*

                                                       FY2023                FY2023          FY2022
                                                      Expected              Expected         Actual
                                                        range                 range        cps earnings
                                                          %                  cps loss
 HEADLINE (LOSS)/ EARNINGS
 PER SHARE
 Basic                                                   >100              (477) – (471)       31
 Diluted                                                 >100              (477) – (471)       31
 (LOSS)/EARNINGS PER SHARE
 Basic                                                   >100              (793) – (787)       34
 Diluted                                                 >100              (793) – (787)       33

*Inclusive of the loss from the deconsolidation of MRPL, Clough and RUC.
Results from continuing operations

                                        FY2023              FY2023             FY2022              FY2022**
                                       Expected            Expected            Actual              Restated
                                         range               range              result               result
                                           %                cps loss         cps earnings           cps loss
 HEADLINE (LOSS)/
 EARNINGS PER SHARE
 Basic                                    >100             (76) – (68)             60                 (47)
 Diluted                                  >100             (76) – (68)             58                 (47)
 (LOSS)/ EARNINGS PER
 SHARE
 Basic                                    >100             (76) – (68)             62                 (44)
 Diluted                                  >100             (76) – (68)             61                 (44)

**Restated for MRPL, Clough and RUC, previously reported as continuing operations, now reported as discontinued
operations.


PROSPECTS STATEMENT

Following the loss of its businesses in Australia, Murray & Roberts emerged as a smaller
Group, but we are committed to grow earnings from a pre-pandemic baseline. We will
continue to deliver our projects with increasing liquidity and operational efficiency.

We are focused on reducing the Group’s debt and delivering value by achieving our
business plan cashflow projections. Even though the next few years will be difficult to
navigate – Murray & Roberts is a Group with a certain future.

PUBLICATION OF ANNUAL FINANCIAL RESULTS

Murray & Roberts intends to publish its annual financial results for the year to 30 June 2023
on SENS on Wednesday, 30 August 2023, before 17:00 (CAT).

The information contained in this announcement has not been reviewed and reported on by
Murray & Roberts’ external auditors.

Bedfordview

28 August 2023

Sponsor
The Standard Bank of South Africa Limited