Murray & Roberts : Interim results for the six months ended 31 December 2021

Murray & Roberts

(Incorporated in the Republic of South Africa) Registration number: 1948/029826/06

JSE Share Code: MUR

ISIN: ZAE000073441

("Murray & Roberts" or "Group" or "Company")

2022 Interim Results for the six months ended 31 December 2021

SALIENT FEATURES

• Significant, quality order book R61,1 billion (FY2021 H1: R60,5 billion)
• Robust near orders R12,8 billion (FY2021 H1: R19,9 billion)
• Category 1 project pipeline R74,3 billion (FY2021 H1: R94,7 billion) Circa R20 billion on a sole‐tender basis
• Lost‐time injury frequency rate 0.42 improved (FY2021 H1: 1.00) No fatal incidents occurred

FINANCIAL RESULTS

• Revenue from continuing operations R13,3 billion (FY2021 H1: R10,8 billion)
• Earnings before interest and tax from continuing operations R337 million (FY2021 H1: R117 million)
• Attributable earnings R55 million (FY2021 H1: R167 million loss)
• Cash, net of debt, improved R0,9 billion (FY2021 H1: R0,3 billion)
• Diluted headline earnings per share from continuing operations 29 cents (FY2021 H1: 8 cents loss per share)
• Diluted earnings per share from continuing operations 30 cents (FY2021 H1: 13 cents loss per share)
• Net asset value per share R13 per share (FY2021 H1: R11 per share)

Consistent with previous years, the Group does not pay interim dividends. The board of directors of the Company ("Board") considers a dividend on an annual basis, post year end.

PROSPECTS STATEMENT
The Group's economic	future is global and diverse,	with strong	prospects	for meaningful growth. Murray & Roberts is
well positioned to enable and optimise the capital	investments	that corporations, governments,	and institutions	will
need	to undertake to	support	sustainable human development, as	the world	emerges from the pandemic. The Group's	order
book	reflects these pressing	global development needs, as well	as significant opportunities in	international markets.

The Group's strategic efforts, especially over the past five years, are starting to bear fruit. Its large order book and financial results for this period, supports its confidence in a multi‐year period of strong earnings growth.

Any forward‐looking information contained in this announcement has not been reviewed and reported on by the Group's external auditors.

On behalf of the directors:
Suresh Kana	Henry	Laas	Daniel Grobler
Chairman of the Board	Group	Chief Executive	Group Financial Director
Bedfordview
2 March 2022

IMPORTANT INFORMATION

This short‐form announcement is the responsibility of the directors of the Company and has not been reviewed or audited by the Group's auditors. The information disclosed is only a summary of the full announcement and does not contain full or complete details. Any investment decisions should be based on the consideration of the full reviewed results announcement ("results"). Murray & Roberts' results were released on SENS on 2 March 2022 and are available on the Company's website www.murrob.com and https://senspdf.jse.co.za/documents/2022/jse/isse/mur/FY22IRes.pdf. Copies of the results announcement are available for inspection at the Company's registered office, the offices of our sponsor or may

be requested from the Company's investor relations department during normal business hours and are available at no charge.

Registered office:

Douglas Roberts Centre, 22 Skeen Boulevard, Bedfordview, 2007; PO Box 1000, Bedfordview, 2008

Directors: SP Kana* (Chairman) HJ Laas (Managing & Chief Executive) DF Grobler JA Boggenpoel* R Havenstein* NB Langa‐Royds* AK Maditsi* B Mawasha* DC Radley* CD Raphiri*

• Independent non‐executive Secretary: L Kok
  Registrar: JSE Investor Services Proprietary Limited,

13th Floor, Rennie House, 19 Ameshoff Street, Braamfontein, 2001.

PO Box 4844, Johannesburg, 2000

Sponsor: The Standard Bank of South Africa Limited

Email: [e-mail]

www.murrob.com