Trading statement for the six months ended 31 December 2023 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 the "Group") TRADING STATEMENT FOR THE SIX MONTHS ENDED 31 DECEMBER 2023 The voluntary administration of the Group's Australian subsidiaries in December 2022, significantly reduced the size of the Group. Today, Murray & Roberts is an engineering and contracting services company, now focused on the international underground mining market, and the renewable energy and power infrastructure markets in Sub-Saharan Africa. Considering the Group's reduced earnings base, it had to agree a deleveraging plan to settle its debt in South Africa with a consortium of South African banks. As outlined in the SENS announcement published on 8 December 2023, the Group has made meaningful progress with its deleveraging plan, and its remaining debt in South Africa has been reduced to circa R400 million, down from circa R2 billion in April 2023. The final milestone in the deleveraging plan is to refinance this remaining debt by June 2024. The Group has further made meaningful progress towards implementing a sustainable capital structure, which, following a thorough cost review, necessitated several cost rationalisation and restructuring decisions, which will be detailed in the publication of the Group's interim results. The Group expects to report FY2024 H1 results within the following ranges: Results from continuing and discontinued operations FY2024 H1 FY2024 H1 FY2023 H1* Expected Expected Published range range result % cps cps HEADLINE LOSS PER SHARE Basic 91 – 93 (29) – (24) (322) Diluted 91 – 93 (29) – (24) (322) LOSS PER SHARE Basic 96 – 97 (26) – (21) (627) Diluted 96 – 97 (26) – (21) (627) *Inclusive of the loss from the deconsolidation of Murray & Roberts Pty Ltd, Clough and RUC. Results from continuing operations FY2024 H1 FY2024 H1 FY2023 H1 FY2023 H1** Expected Expected Published Restated range range result result % cps cps cps HEADLINE LOSS PER SHARE Basic 37 – 53 (19) – (14) (30) (27) Diluted 37 – 53 (19) – (14) (30) (27) LOSS PER SHARE Basic 45 – 62 (16) – (11) (29) (26) Diluted 45 – 62 (16) – (11) (29) (26) **Restated for Insig Technologies, previously reported as continuing operations, now reported as discontinued operations. FOCUSED ON THE FUTURE The Group is committed to creating shareholder value from the current low base and to ensure that Murray & Roberts excels as an engineering and contracting services provider to the global underground mining market and its chosen market sectors in Southern Africa. PUBLICATION OF INTERIM FINANCIAL RESULTS Murray & Roberts intends to publish its interim financial results for the six months to 31 December 2023 on SENS on Wednesday, 6 March 2024 before 15:00 (CAT). The information contained in this announcement has not been reviewed and reported on by Murray & Roberts' external auditors. Bedfordview 29 February 2024 Sponsor The Standard Bank of South Africa Limited Date: 29-02-2024 02:23:00 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.