BASIL READ HOLDINGS LIMITED - Results of General Meeting and Renewal of Cautionary

Results of General Meeting and Renewal of Cautionary

BASIL READ HOLDINGS LIMITED

(Incorporated in the Republic of South Africa)

(Registration number 1984/007758/06)

Share code: BSR ISIN: ZAE000029781

(“Basil Read” or “the Company”)


RESULTS OF GENERAL MEETING AND RENEWAL OF CAUTIONARY ANNOUNCEMENT

Shareholders are advised that, at the general meeting of Basil Read held on 4 December 2017, the resolutions as set out in the
notice of general meeting dated 2 November 2017, were voted on as follows:

 Resolution        Votes in        %        Votes        %       Shares         Abstain      %        Total votes   Total
                   favour                   against              voted                                in            attendance
                                                                                                      attendance    as % of
                                                                                                                    votable
                                                                                                                    units
 Special            89 010 606     98.32    1 524 798    1.68     90 535 404        8 544    0.01      90 543 948         68.75
 Resolution
 number 1:
 Increase of
 authorised
 share capital

 Special            89 010 706     98.32    1 524 698    1.68     90 535 404        8 544    0.01      90 543 948         68.75
 Resolution
 number 2:
 Amendment of
 the
 memorandum
 of
 incorporation

 Special            89 010 606     98.32    1 524 798    1.68     90 535 404        8 544    0.01      90 543 948         68.75
 Resolution
 number 3:
 Authorisation
 to issue
 shares
 pursuant to
 the proposed
 rights offer

 Ordinary           81 202 821     98.50    1 239 340    1.50     82 442 161     218 544     0.18      82 660 705         66.76
 Resolution 1:
 Ratification of
 the
 amendment to
 the 2012
 subscription
 agreement

 Special            81 242 831     98.50    1 239 340    1.50     82 482 171     178 534     0.14      82 660 705         66.76
 Resolution
 number 4:
 Authority for
 the specific
 repurchase

 Ordinary           89 086 074     98.63    1 239 340    1.37     90 325 414     218 534     0.18      90 543 948         68.75
 Resolution
 number 2:
 Authority to
 execute
 requisite
 documents


Special resolutions 1 and 2 will be lodged with the Companies and Intellectual Property Commission.

In addition, Shareholders are referred to the cautionary announcements released on SENS on 2 November 2017, 2 October 2017
and 28 August 2017 and are advised that various confidential discussions are still ongoing, which may have a material effect on
the price of the Company’s securities.

Accordingly, Shareholders are advised to continue to exercise caution when dealing in the Company’s securities until a detailed
announcement is made with regard to the rights offer.

Johannesburg
4 December 2017


Company Secretary


A Ndoni




Corporate Advisor and Transaction Sponsor


Tamela Holdings Proprietary Limited




Legal advisers

Tugendhaft Wapnick & Banchetti

Date: 04/12/2017 11:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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