MUR                                                                             
MUR - Murray & Roberts Holdings Limited - Dealing in securities:                
announcement in terms of section 3.63 of the JSE listings requirements          
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")                                    
DEALING IN SECURITIES: ANNOUNCEMENT IN TERMS OF SECTION 3.63 OF THE JSE         
LISTINGS REQUIREMENTS                                                           
Name of subsidiary director:  RCC Noonan                                        
Subsidiary company:           Murray & Roberts Limited                          
Designation:                  Executive Director                                
Nature of transaction:        Disposal of ordinary shares on-                   
                             market subsequent to the                           
                             exercise of share options                          
Date of transaction:          11 May 2012                                       
                                                                                
Number of shares granted,     22 500 ordinary shares at                         
weighted average strike       R9.74 granted on 13 March 2002                    
price and date of grant:      - standard scheme                                 
                                                                                
Number of shares granted,     7 650 ordinary shares at R9.74                    
weighted average strike       allocated on 25 April 2012 -                      
price and date of grant:      additional standard scheme                        
                             options as a result of the                         
                             rights offer                                       
                                                                                
Number of shares granted,     22 500 ordinary shares at                         
weighted average strike       R9.74 granted on 13 March 2002                    
price and date of grant:      - hurdle scheme                                   
                                                                                
Number of shares granted,     7 650 ordinary shares at R9.74                    
weighted average strike       allocated on 25 April 2012 -                      
price and date of grant:      additional hurdle scheme                          
                             options as a result of the                         
                             rights offer                                       
                                                                                
Number of shares granted,     22 500 ordinary shares at                         
weighted average strike       R22.13 granted on 3 March 2006                    
price and date of grant:      - hurdle scheme                                   
                                                                                
Number of shares granted,     7 650 ordinary shares at                          
weighted average strike       R22.13 allocated on 25 April                      
price and date of grant:      2012 - additional hurdle                          
                             scheme options as a result of                      
                             the rights offer                                   
                                                                                
Number of shares granted,     30 000 ordinary shares at                         
weighted average strike       R22.13 granted on 3 March 2006                    
price and date of grant:      - standard scheme                                 
                                                                                
Number of shares granted,     10 200 ordinary shares at                         
weighted average strike       R22.13 allocated on 25 April                      
price and date of grant:      2012 - additional hurdle                          
                             scheme options as a result of                      
                             the rights offer                                   
                                                                                
Vesting periods:              2, 3, 4 and 5 years (25% per                      
                             year), expiring 31 May 2012                        
                                                                                
Total ordinary shares sold:    130 650                                          
VWAP of transaction:           R27.0246319                                      
Highest price of transaction:  R27.05                                           
Lowest price of transaction:   R27.02                                           
Total value of transaction:    R3 530 768.16                                    
Interest:                      Direct beneficial                                
Clearance to deal:             Yes                                              
Bedfordview                                                                     
15 May 2012                                                                     
Sponsor                                                                         
Deutsche Securities (SA) (Pty) Ltd                                              
Date: 15/05/2012 15:30:01 Produced by the JSE SENS Department.                  
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