1 Mainly due to reduction in Oil & Gas platform revenue.
2 The prior year profit includes a profit on sale of discontinued operations of R388 million and R98 million trading profit from discontinued operations
3 Mainly due to the Oil & Gas order book transitioning to smaller, shorter term contracts and fewer new projects secured in Infrastructure & Building and Energy & Industrial platforms. R2 billion was awarded in the Infrastructure & Building platform subsequent to the period under review.

Salient Features

Lost time injury frequency rate (“LTIFR”) improved to 0.77 (December 2013: 0.82). Regrettably two fatal incidents (December 2013: 2) were reported.
Diluted continuing HEPS increased by 39% to 79 cents (December 2013: 57 cents).
Revenue from continuing operations of R15,9 billion (December 2013: R18,8 billion), reflecting a reduction in revenue from the Oil & Gas platform.
NAV of R14 per share (December 2013: R12 per share).
Order book of R37,8 billion (December 2013: 44,9 billion). The Oil & Gas platform order book is transitioning to smaller and shorter term contracts and fewer new projects have been secured in the Infrastructure & Building and Energy & Industrial platforms.
Strong growth in the Underground Mining platform order book.
Substantial near orders and order book pipeline.
A gross annual dividend, relating to the 30 June 2014 financial year, of 50 cents per share was declared on 27 August 2014 and paid during the period. A gross annual dividend for the 2015 financial year will be considered in August 2015.
^ The prior year information has been restated for discontinued operations.






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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; 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, 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
Link Market Services South Africa Proprietary
13th Floor Rennie House
19 Ameshoff Street
Braamfontein 2001
PO Box 4844
Deutsche Securities (SA)
Proprietary Limited

L Kok

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

1 British * Independent non-executive



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