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BSR - Basil Read - Voluntary Business Update

Release Date: 16/02/2012 16:31
Code(s): BSR
Wrap Text

BSR - Basil Read - Voluntary Business Update 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") VOLUNTARY BUSINESS UPDATE BASIL READ AWARDED CONTRACT FOR OLIFANTS RIVER WATER RESOURCES DEVELOPMENT PROJECT Basil Read is pleased to announce that the company has been awarded the contract for construction of the works for phases 2C and 2H in terms of the Olifants River Water Resources Development Project. The client is the Trans-Caledon Tunnel Authority ("TCTA"). This award is the first phase of a two-phase project totalling R2.0 billion. Construction of phases 2C and 2H is to take place over a 21-month period at a contract value of approximately R1.2 billion, excluding escalation, contingency and VAT. The Basil Read group`s order book following this award is valued at R14.0 billion. Announcements relating to the award of the second phase of the project comprising phase 2D of the Olifants River Water Resources Development Project will be made in due course. Johannesburg 16 February 2012 JSE Sponsor Macquarie First South Capital (Pty) Limited Date: 16/02/2012 16:31:14 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.

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