Resignation of Financial Director 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") RESIGNATION OF FINANCIAL DIRECTOR The Board of Basil Read (the “Board”) advises that Mr P.J. Marais has resigned as Financial Director of Basil Read with effect from 22 November 2013, to pursue other career opportunities. Ms Amanda Wightman has been appointed as interim Chief Financial Officer, with immediate effect. The Company will effect a permanent appointment to the Financial Director position in due course and will make a further announcement as soon as this appointment has been finalised. The Board thanks Mr Marais for his contribution to the Group. During his tenure with the Company, Mr Marais has successfully executed his appointment mandate which, amongst others, included the stabilisation of various business projects. The Board wishes Pieter well in his future endeavours. Ms Wightman is a chartered accountant with more than 20 years of experience. She spent five years at AECI Limited in the company’s treasury department, culminating in her appointment as treasury accountant. Ms Wightman also worked for Standard Bank for seven years, where she completed her financial management (TOPP) articles and gained valuable experience in the company’s Africa division. Amanda joined Basil Read in December 2005, as Group Financial Manager, and has been involved in the preparation of the Group’s annual audited financial results for the past eight years. Johannesburg 22 November 2013 JSE Sponsor Macquarie First South Capital (Pty) Limited Date: 22/11/2013 04:10:00 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.