I am pleased to advise that in an announcement released through the Stock Exchange News Service (SENS) on 8 September 2004, shareholders were advised of the following appointments to the board of Murray & Roberts Holdings Limited.

As independent non-executive directors:

Dr Namane Milcah Magau

Namane Magau is currently the director for group human capital services at the SABC. She was previously vice president human resources at the CSIR. Namane earned her doctorate in education at Harvard University. She is President of the Businesswoman’s Association of South Africa, a non-executive director of Santam bank and Thebe Investments.

Mr John Michael McMahon

Michael McMahon is currently non-executive director of Impala Platinum Holdings Limited, where he was previously chairman and prior to that, managing director. He is also a non-executive director of Goldfields Limited and was previously chairman and chief executive of Gencor Limited. Michael is not unfamiliar to Murray & Roberts, having been a project manager in EMS during the 1970’s.

As executive director:

Mr Norbert Jorek

Norbert Jorek joined Murray & Roberts in March 2004 as a member of the executive leadership team. He was previously a vice president at AT Kearney, one of the world’s foremost business consultants. It is in this respect that he had worked with the Group over the previous three years on various assignments relating to the turnaround and future direction of Murray & Roberts.

Norbert has played a key leadership role in concluding the proposed transaction in respect of Clough Limited and will hold executive responsibility for this investment. He is currently engaged in a number of initiatives that support Globalising Murray & Roberts as the new strategic initiative of the Group.

I wish all the above success with the challenge ahead in Murray & Roberts and look forward to their valuable contribution.

Brian Bruce

13 September 2004