BSR - Basil Read Holdings Limited - Trading statement for the six months

BSR - Basil Read Holdings Limited - Trading statement for the six months        
ended 30 June 2011                                                              
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")                                                 
TRADING STATEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2011                         
In terms of paragraph 3.4(b) of the Listings Requirements of JSE Limited        
("JSE"), a listed company is required to publish a trading statement as         
soon as it is satisfied that a reasonable degree of certainty exists that       
the financial results for the period to be reported on next will differ by      
at least 20% from those of the previous corresponding period.                   
Shareholders are advised that Basil Read expects its headline earnings and      
earnings per share for the six months ended 30 June 2011 to be between 20%      
and 30% lower compared to the previously corresponding period.                  
In addition, shareholders are advised that the Group`s application to           
engage with the Competition Commission regarding a settlement is in the         
process of being assessed by the Competition Commission, and that the           
outcome may result in the imposition of an administrative penalty to Basil      
Read. Current timing indications are that the outcome of this process will      
only be known in 2012 and therefore no provision has been made in this          
regard in the period for the six months ended 30 June 2011.                     
The financial information on which this trading statement is based has not      
been reviewed or reported on by Basil Read`s external auditors.                 
The Group`s results for the period ended 30 June 2011 is expected to be         
released on Thursday, 25 August 2011.                                           
Boksburg                                                                        
11 August 2011                                                                  
JSE Sponsor                                                                     
Macquarie First South Capital (Pty) Limited                                     
Date: 11/08/2011 10:51:12 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.