Clough selected as preferred tenderer for Australian Dollar Civil Works Packages for Snowy 2.0 Project MURRAY & ROBERTS HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Registration number 1948/029826/06 JSE Share Code: MUR ADR Code: MURZY ISIN: ZAE000073441 (“Murray & Roberts” or “Group”) MURRAY & ROBERTS SUBSIDIARY CLOUGH, PART OF JOINT VENTURE, SELECTED AS PREFERRED TENDERER FOR THE MULTI-BILLION AUSTRALIAN DOLLAR CIVIL WORKS PACKAGES FOR SNOWY 2.0 PROJECT Murray & Roberts is pleased to announce that the Clough Salini Joint Venture, has been selected as preferred tenderer for the estimated AU$4 billion civil works packages for the Snowy 2.0 project. Snowy 2.0 is a multi-year infrastructure project. Clough is a wholly owned subsidiary of Murray & Roberts and has a 35% shareholding in this joint venture. The Group’s strategy to extend Murray & Roberts’ Oil & Gas platform’s service offering to complementary markets with active investment programmes is of critical importance, considering the current lack of project opportunities in the Australasian LNG sector. Salini and its US affiliate Lane, are world leaders in hydro power developments, which combined with Clough, creates a joint venture capability that will deliver the project for the benefit of the Australian community. Bedfordview 18 January 2019 Sponsor: The Standard Bank of South Africa Limited Any forward looking information contained in this announcement has not been reviewed and reported on by the Group’s external auditors. Date: 18/01/2019 02:30:00 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.