BASIL READ HOLDINGS LIMITED - Changes to the board of directors

Changes to the board of directors

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")

CHANGES TO THE BOARD OF DIRECTORS

Basil Read is pleased to announce the appointment of Mr Pieter Marais as
financial director to the board of directors (the “Board”), with effect
from Thursday, 30 May 2013, in compliance with paragraphs 3.59(a) and (b)
of the Listings Requirements of the JSE Limited.

Accordingly, Mr Donny Gouveia has resigned in his capacity as financial
director with immediate effect.

Mr Marais is a chartered accountant with a diverse financial background. He
spent ten years at PricewaterhouseCoopers in the assurance division,
servicing mainly listed clients in the mining, financial services and
construction industries, following which, he completed his chartered
financial analyst exams and spent three years as a sellside equity analyst
at Investec Bank. Subsequently, Mr Marais headed up the group ERP
implementation and management information projects at AngloGold Ashanti
before joining Basil Read in January 2012.

The Board welcomes Mr Marais’s appointment as a strategic step towards the
further growth of the company. The Board also thanks Mr Gouveia for his
valuable contribution to the Board and the Company over the past years in
his capacity as financial director, and looks forward to his continued
contribution in his capacity as Deputy Chief Executive Officer.

Johannesburg
3 June 2013

JSE Sponsor
Macquarie First South Capital (Pty) Limited

Date: 03/06/2013 04:04:00 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.