BASIL READ HOLDINGS LIMITED - Settlement Agreement with the Competition Commission

Settlement Agreement with the Competition Commission

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")

SETTLEMENT AGREEMENT WITH THE COMPETITION COMMISSION

Shareholders are referred to the Company’s 2012 Financial Results released
on the Johannesburg Stock Exchange News Service on Wednesday, 27 March
2013, and are advised that the Company has reached a settlement agreement
in the amount of R95 million (“Settlement Amount”) with the Competition
Commission as part of the Commission’s fast track settlement programme.

The Settlement Amount will be payable in two equal instalments the first of
which is payable 30 days after confirmation of the consent agreement as an
order of the Competition Tribunal, and the second of which is payable six
months after the first payment.

Basil Read provided R75m in its 31 December 2012 results and the additional
R20 million will be recorded in the current financial year (FY 2013).

Johannesburg
24 June 2013

JSE Sponsor
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