BASIL READ HOLDINGS LIMITED - Resignation of Deputy Chief Executive Officer

Resignation of Deputy Chief Executive Officer

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" or the “Group”)

RESIGNATION OF DEPUTY CHIEF EXECUTIVE OFFICER

Basil Read shareholders are referred to the announcements released on the
Stock Exchange News Service (“SENS”) on Tuesday, 4 June 2013 and Friday, 7
June 2013 wherein it was advised that Mr Donny Gouveia would continue in
his role as Deputy Chief Executive Officer.

It is with regret that Basil Read has accepted the resignation of Mr
Gouveia with effect from Wednesday, 31 July 2013, as he pursues a new
career opportunity within the construction / financial services industry.

Mr Gouveia has been an integral part of the Basil Read team since first
joining the Company 12 years ago, and has helped in building Basil Read
into the Company that it is today.

The Board of Basil Read expresses its deep gratitude to Mr Gouveia for his
valuable contribution and dedication to the Group over the last 12 years
and wishes him well in his future endeavours.

Johannesburg
1 August 2013

JSE Sponsor
Macquarie First South Capital (Pty) Limited

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