2. Focus on Natural Resources
Murray & Roberts will focus its engineering and construction service offering on selected
natural resources market sectors. The Group is already well positioned in the oil & gas,
mining, energy and industrial markets and will continue to pursue organic and acquisitive
growth in these selected markets. It is furthermore considering opportunities to establish
a meaningful presence in the global industrial water market.

3. Diversify our Business Model
Murray & Roberts currently generates the bulk of its profits in the construction part of
the project value chain. While it intends to maintain a strong position in this part of the
value chain, the Group plans to more aggressively grow its presence in other parts of the
project value chain, in particular specialist engineering, commissioning and asset support.
This will be achieved through organic growth, as well as small bolt-on acquisitions. Four
small niche businesses have been identified as possible bolt-on acquisition targets by the
Group’s existing operational platforms and negotiations are currently underway.

“We stand at the threshold of an exciting and rewarding phase of development in our Group, as we strive to become a leading international engineering and construction firm, known for excellence in all that we do.”

4. Enhance Market Valuation and Positioning
Murray & Roberts intends to reposition its brand in the minds of shareholders and other stakeholders and to enhance its market valuation. The Group is engaging with its stakeholders to improve their understanding of ‘the Murray & Roberts’ that has emerged from its Recovery & Growth years. Murray & Roberts is not only a local construction company, but rather a diversified international project engineering, procurement and construction group, focused on selected natural resources market sectors.

5. Enhance the Safety, Performance and Diversity of our People
Murray & Roberts has established systems and processes that provide a strong foundation for the management of safety, people performance and transformation. 2015 will be a year of consolidation in which audits and peer reviews will be undertaken to ensure that the initiatives implemented in recent years to improve our safety performance are well established at our operations.

There will be a much stronger focus on leadership development and project management training in 2015, with the Baobab Learning Centre at the corporate office playing a key role in facilitating this new training drive.

|Improving employee relationships and employment equity will be key focus areas that will gain more momentum. The recently developed employee relations framework, currently being implemented in the South African-based Energy & Industrial operations, will be extended to other operations.

6. Deliver Project and Commercial Excellence
There will be ongoing and increasing focus in all operations to enhance our project delivery performance, as well as our risk and commercial management practices. These are crucial requirements to succeed as an engineering and construction company and for the Group to achieve engineered excellence. A YEAR OF CONSOLIDATION In the financial year ahead, the Group will focus on consolidating the strong base for future growth that it has established through the successful delivery of its Recovery & Growth strategy.

“We congratulate and thank our Board, the executive team and all of our employees for their contribution to the successful completion of our three year Recovery & Growth strategy. We stand at the threshold of an exciting and rewarding phase of development in our Group, as we strive to become a leading international engineering and construction firm, known for excellence in all that we do,” concludes Laas.