Traing Update Basil Read Holdings Limited (Incorporated in the Republic of South Africa) (Registration Number 1984/007758/06) Share Code: BSR ISIN: ZAE 000029781 (“Basil Read” or Group”) TRADING UPDATE Shareholders are advised that Basil Read expects its earnings per share for the six months ending 30 June 2014 to be a minimum of 135% lower compared to the previously reported corresponding period. Shareholders are further advised that Basil Read expects its headline earnings per share for the six months ending 30 June 2014 to be a minimum of 270% lower compared to the previously reported corresponding period. The comparative results to June 2013 include the profit on disposal of the TWP group in the amount of R183 million. Earnings and headline earnings have been negatively affected by loss-making contracts in the roads and civil engineering divisions due to ongoing challenging conditions. For certain of these contracts, the group is currently finalising claims to be submitted, but has not included any of these claims and/or possible penalties in projecting the estimated earnings and headline earnings decline. The financial information on which this trading statement is based has not been reviewed or reported on by Basil Read’s auditors. The group’s interim results for the six months ending 30 June 2014 will be published on or about 27 August 2014. UPDATE REGARDING DIVIDEND Shareholders are referred to the results announcement on 26 March 2014 in which the group indicated that deliberations regarding a possible dividend were continuing. Shareholders are now advised that the board has decided not to declare a dividend in relation to the year ended 31 December 2013. Johannesburg 06 June 2014 JSE Sponsor Macquarie First South Capital (Pty) Limited Date: 06/06/2014 04:45:00 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.