Claims on major projects, cash from operations and sale of

discontinued operations

CASH FROM OPERATIONS THE GROUP COMPLETED THE YEAR WITH A SUBSTANTIALLY IMPROVED NET CASH POSITION OF

R1,2 Billion

Cash generated from operations
was adversely impacted as a
consequence of increased losses
at the Gorgon Pioneer Materials
Offloading Facility and closure of
legacy contracts in the Middle East

Successful restructuring
of debt facilities

Successful rights issue

SALE OF DISCONTINUED OPERATIONS
MURRAY & ROBERTS HAS SUCCESSFULLY SOLD IDENTIFIED ASSETS

CLOUGH MARINE JOHNSON AND BRC ARABIA VARIOUS PROPERTIES RSC EKUSASA MINING FREYSSINET POSTEN ALERT STEEL POLOKWANE MURRAY & ROBERTS ZIMBABWE GRYPHON LOGISTICS			R0,9 BILLION
MURRAY & ROBERTS STEEL BUSINESS			THE STEEL BUSINESS, INCLUDING CISCO, WAS DISPOSED OF AT BOOK VALUE SUBSEQUENT TO YEAR-END

CLAIMS ON MAJOR PROJECTS (REPRESENTING UNCERTIFIED REVENUE OF R2 BILLION)
THREE MAJOR CLAIMS ARE BEING PURSUED, WITH THE COLLECTION OF PROCEEDS BEING A CHALLENGING AND PROTRACTED PROCESS

±R2 BILLION

GAUTRAIN DELAY AND DISRUPTION CLAIM Claims recovery team is making steady progress Resolution through arbitration is expected by DECEMBER 2014

GORGON PIONEER MATERIALS OFFLOADING FACILITY CLAIMS A favourable arbitration ruling on the first three disputes, related primarily to scope changes from the tendered design The commercial process is progressing Resolution through arbitration is expected by DECEMBER 2013

DUBAI INTERNATIONAL AIRPORT CLAIM Tribunal has ruled that the ultimate respondent is Government of Dubai UAE supreme court to determine which government department is actual respondent Resolution through arbitration expected by DECEMBER 2013