HIGHLIGHTS

REVENUE UP TO
R34,6 BILLION

HEPS OF
186 CENTS

ATTRIBUTABLE EARNINGS
UP TO R1,0 BILLION

ORDER BOOK
OF R46,1 BILLION

NET CASH
UP TO R4,3 BILLION

SALIENT FEATURES

Record low lost time injury frequency rate (LTIFR) of 0.82 (FY2012: 1.14), but regrettably two fatalities (FY2012: 4)
Revenue from continuing operations improved by 9% to R34,6 billion (FY2012: R31,7 billion)
Attributable earnings improved from a loss of R0,7 billion to a profit of R1,0 billion
HEPS improved from a loss of 246 cents to a profit of 186 cents
Order book of R46,1 billion
Net cash position of R4,3 billion
Attributable profit of R223 million realised from Clough’s disposal of its investment in Forge
Strong contribution by Clough in a buoyant oil & gas market
Fast-Track Settlement Process with Competition Commission concluded
Impact of industrial and labour unrest on the Group’s profit
Project losses in South African businesses

FROM RECOVERY TO GROWTH

Murray & Roberts is a group of companies and brands aligned to the same purpose and vision, and guided by the same set of values. By 2020, the Group aims to be the leading diversified engineering and construction group in the global underground mining market and selected emerging markets in the natural resources and infrastructure sectors.

Murray & Roberts has a three year Recovery & Growth strategy. The Group ended FY2013 having successfully negotiated its Recovery year in FY2012 and accomplished significant milestones in the first of its two Growth years. In FY2013 the Group returned to profitability, signalling more robust and sustainable levels of revenue and profit.

To support long term growth the Group has focused on its core competencies of engineering & construction and identified the energy (oil & gas and power) and mining & minerals market sectors as presenting the best medium- to long term growth opportunity.

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DISCLAIMER

This announcement includes certain various “forward-looking statements” within the meaning of Section 27A of the US Securities Act 10 1933 and Section 21 E of the Securities Exchange Act of 1934 that reflect the current views or expectations of the Board with respect to future events and financial and operational performance. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements, including, without limitation, those concerning: the Group’s strategy; the economic outlook for the industry; use of the proceeds of the rights offer; and the Group’s liquidity and capital resources and expenditure. These forward-looking statements speak only as of the date of this announcement and are not based on historical facts, but rather reflect the Group’s current expectations concerning future results and events and generally may be identified by the use of forward-looking words or phrases such as “believe”, “expect”, “anticipate”, “intend”, “should”, “planned”, “may”, “potential” or similar words and phrases. The Group undertakes no obligation to update publicly or release any revisions to these forward looking statements to reflect events or circumstances after the date of this announcement or to reflect the occurrence of any unexpected events. Neither the content of the Group’s website or Clough’s website, nor any website accessible by hyperlinks on the Group’s website is incorporated in, or forms part of, this announcement.

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 “Group” or “Company”)

Registered office:
Douglas Roberts Centre, 22 Skeen Boulevard
Bedfordview, 2007
PO Box 1000, Bedfordview, 2008

Registrar:
Link Market Services South Africa Proprietary
Limited
13th Floor, Rennie House, 19 Ameshoff Street
Braamfontein 2001
PO Box 4844, Johannesburg, 2000

Sponsor:
Deutsche Securities (SA) (Proprietary) Limited

Secretary:
E Joubert

Directors:
M Sello* (Chairman)
HJ Laas (Managing and Chief Executive)
DD Barber*
AJ Bester
NB Langa-Royds
*JM McMahon¹
* WA Nairn
*RT Vice*

¹British *Non-executive