BASIL READ HOLDINGS LIMITED - Change of Credit Rating for Basil Read (Proprietary) Limited

Change of Credit Rating for Basil Read (Proprietary) Limited

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")

Change of Credit Rating for Basil Read (Proprietary) Limited

The JSE Limited has granted a listing to Basil Read (Proprietary)
Limited under their Domestic Medium-Term Note Programme dated 17
November 2008. The programme is unconditionally and irrevocably
guaranteed by Basil Read.

Investors are advised that Basil Read has been accorded a long term
ZAR credit rating BBB+ (triple B plus) and a short term rating of A2
(A two), with a stable ratings outlook. The rating is one notch lower
than the previous long and short term ZAR credit ratings of A-
(single A minus) and A1- (A one minus) respectively. The ratings are
accorded by Global Credit Rating Co.

Johannesburg
27 July 2012

JSE Equity Sponsor
Macquarie First South Capital (Pty) Limited


Further information please contact:
Wayne Frank                  Nedbank Capital     (011) 535 4027
Jacqueline Eberle            Nedbank Capital     (011) 294 4519

Date: 27/07/2012 05:15:00 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.