Murray & Roberts Holdings Limited (JSE:MUR) News - Voluntary Announcement: Allocation of cash settled conditional rights award 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”) Voluntary Announcement: Allocation of cash settled conditional rights award The shareholder approved Forfeitable Share Plan (“FSP”) is the Company’s long-term incentive scheme for executives based in South Africa. The upper limit of shares that may be awarded in terms of the FSP scheme rules, has been reached. As a result, the Remuneration & Human Resources committee resolved to award cash settled conditional rights for 2021, instead of forfeitable shares. The cash settled conditional rights will mirror FSP awards with a three-year vesting period and will be subject to the same performance conditions. It will thus not result in a more favourable financial outcome for participants compared to an award under the FSP, and it will not cause any shareholder dilution. Awards under the FSP will recommence in 2022. The following executives have been awarded cash settled conditional rights with effect from 1 September 2021: Name of director: HJ Laas Company: Murray & Roberts Holdings Limited Cash settled conditional rights awarded: 1 447 500 Value of award R15 086 000.00 Name of director: DF Grobler Company: Murray & Roberts Holdings Limited Cash settled conditional rights awarded: 701 000 Value of award: R7 158 200.00 Name of company secretary: L Kok Company: Murray & Roberts Holdings Limited Cash settled conditional rights awarded: 85 500 Value of award: R872 820.00 Name of subsidiary director: MG da Costa Company: Murray & Roberts Limited Cash settled conditional rights awarded: 525 000 Value of award: R5 362 500.00 Name of subsidiary director: ST Harrison Company: Murray & Roberts Limited Cash settled conditional rights awarded: 297 500 Value of award: R3 036 800.00 Name of subsidiary director: WT Mdluli Company: Murray & Roberts Limited Cash settled conditional rights awarded: 322 500 Value of award: R3 293 100.00 Bedfordview 06 September 2021 Sponsor: The Standard Bank of South Africa Limited Date: 06-09-2021 02:23:00 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.