(Incorporated in the Republic of South Africa)

Registration number 1948 / 029826 / 06

JSE Share Code : MUR

ISIN Code : ZAE000008983

RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR FROM THE BOARD OF MURRAY & ROBERTS HOLDINGS LIMITED (“MRH”)

In compliance with paragraph 3.59 (b) of the Listing Requirements of the JSE Securities Exchange South Africa, shareholders are advised that Allen John Morgan has resigned as an independent non-executive director to avoid potential conflicts relating to major project opportunities.

The Board of Directors wish to thank Allen Morgan for the significant contribution to the success of MRH.

Johannesburg

27 July 2004

Sponsor

Merrill Lynch South Africa (Pty) Limited

Date : 27/07/2004