BSR - Basil Read - Trading Statement

BSR - Basil Read - Trading Statement                                            
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 Group")                                                   
TRADING STATEMENT                                                               
Shareholders are advised that Basil Read expects its earnings for the period    
ending 31 December 2010 to be between 0% and 10% lower compared to the          
previously reported corresponding period.                                       
Shareholders are further advised that Basil Read expects its headline earnings  
for the period ending 31 December 2010 to be between 5% and 15% lower compared  
to the previously reported corresponding period.                                
Shareholders are reminded that on 21 December 2009, the group issued 37,3       
million Basil Read shares as part payment for the acquisition of the TWP group. 
This issue of shares increased the weighted average number of shares in issue   
from 86.5 million shares in 2009 to 123.8 million shares for the 2010 financial 
year.                                                                           
Shareholders are therefore advised that Basil Read expects its earnings per     
share and headline earnings per share for the period ending 31 December 2010 to 
be between 30% and 40% lower compared to the previously reported corresponding  
period.                                                                         
The financial information on which this trading statement is based has not been 
reviewed or reported on by Basil Read`s auditors.                               
The group`s results for the period ending 31 December 2010 will be published on 
or about 24 March 2011.                                                         
Johannesburg                                                                    
23 March 2011                                                                   
Sponsor                                                                         
Sasfin Capital                                                                  
A division of Sasfin Bank Limited                                               
Date: 23/03/2011 14:52:00 Supplied by www.sharenet.co.za                     
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