BSR - Basil Read Holdings Limited - Basil Read awarded contract to construct

BSR - Basil Read Holdings Limited - Basil Read awarded contract to construct    
Airport on ST Helena Island                                                     
Basil Read Holdings Limited- Voluntary Business Update                          
(Incorporated in the Republic of South Africa)                                  
(Registration Number 1984/007758/06)                                            
Share Code: BSR ISIN: ZAE000029781                                              
("Basil Read" or the "company")                                                 
VOLUNTARY BUSINESS UPDATE                                                       
BASIL READ AWARDED CONTRACT TO CONSTRUCT AIRPORT ON ST HELENA ISLAND            
Basil Read is pleased to announce that the company has been awarded the contract
to design, build, operate and transfer an airport on the Island of St Helena.   
The client is the Government of St Helena and the project is being funded by the
Department for International Development (DFID), a department of the British    
Government.                                                                     
Construction is to take place over a 48-month period at a contract value of     
approximately R2.7 billion. The operation of the airport will continue for a    
further period of ten years at a contract value of approximately R450 million.  
The design phase of the contract is scheduled to commence immediately.          
The Basil Read group`s order book following this award is valued at R12.5       
billion.                                                                        
Johannesburg                                                                    
03 November 2011                                                                
JSE Sponsor                                                                     
Macquarie First South Capital (Pty) Limited                                     
Date: 03/11/2011 14:01:05 Supplied by www.sharenet.co.za                     
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