Gautrain Rapid Rail Link

16 February 2006

Murray & Roberts Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1948/029826/06)
Share code: MUR ISIN: ZAE0000073441
(“Murray & Roberts”)

Gautrain Rapid Rail Link

Shareholders are referred to a statement issued today by Gauteng Province in South Africa which confirms that agreement has been reached with the Bombela Consortium (consisting of Bombardier, Bouygues, Murray & Roberts and SPG) on all the substantive issues within the affordability limit set for the Gautrain Rapid Rail Link project. This provides the framework for finalisation of the terms and Financial Closure of the Concession Agreement.

An Enabling Works Contract signed between Bombela Consortium and Gauteng Province requires that the Bombela Civil Joint Venture commence with the relocation of utilities and services to prepare the site for infrastructure works.

This is a significant project for Murray & Roberts, the present value of which was notified in a SENS announcement on 7 November 2005 as approximately R 4,5 billion over a construction period of 54 months following financial closure. Murray & Roberts is a key participant in the concession company, the infrastructure contract and in the long-term operation of the system.

Johannesburg
16 February 2006

Sponsor
Merrill Lynch South Africa (Pty) Limited.

For further information visit: http://www.gautrain.co.za