| • | The South African construction market conditions remained tough with thin margins |
| • | The rest of African markets in which the group operates saw increasing demand, particularly in mining, power and transport infrastructure |
| • | The group’s F2012 corrective action set the base for improved performance |
| | | ° | Underlying margins in all businesses outside of Buildings in line with November 2012 guidance |
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| • | Cash position improved by R372 million to R2,6 billion |
| • | No net debt |
| • | The overall group reported order book at December 2012 stands at R18,1 billion |
| | | ° | The group’s Contracting order book (consisting of Construction and Engineering and Construction (E+C) order book) was up 19% from June 2012 and 30% up from December 2011 to R13,5 billion | | ° | Operations & Maintenance order book maintained at R4,6 billion |
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