Overhead initiatives & management capacity

MANAGEMENT CAPACITY THE GROUP HAS SUCCESSFULLY INTRODUCED NEW MANAGEMENT CAPACITY inTO THE OPERATING PLATFORMS AND ENHANCED CORPORATE CAPABILITIES WITH A NUMBER OF KEY APPOINTMENTS

CORPORATE CAPABILITIES In the corporate office, the integrated assurance team has been established under the leadership of Ian Henstock, with appointments of: Internal audit executive Regulatory compliance executive Two commercial executives Head of legal A corporate finance executive and head of remuneration and benefits

NEW PLATFORM CAPACITY Extensive change and new capacity has been introduced into the platforms. This includes the appointment of: Platform executives supported by financial/ commercial executives New Engineering Africa and Construction Africa and Middle East platform executives New chief executive in Clough

In addition, the Murray & Roberts Limited Board has been re-organised with responsibilities defined

OVERHEAD INITIATIVES A NUMBER OF OVERHEAD INITIATIVES will CONTRIBUTE TO COST REDUCTION

ISLE OF MAN CLOSURE FEBRUARY 2012 UK OFFICE CLOSURE JUNE 2013 ENGINEERING AFRICA CONSOLIDATIONS CONSTRUCTION AFRICA AND MIDDLE EAST CONSOLIDATIONS CORPORATE OFFICE HEADCOUNT OPTIMISATION

ESTIMATED SAVINGS IN EXCESS OF R60 MILLION A YEAR