Confirmation of appointment of executive director 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 the “Company” or the “Group”) CONFIRMATION OF APPOINTMENT OF EXECUTIVE DIRECTOR Shareholders are referred to the announcement dated 28 July 2014, in which the Company advised of the appointment of Mr Neville Francis Nicolau, as Chief Executive Officer of Basil Read with effect from 1 September 2014. The Company is pleased to confirm Mr Nicolaus’ appointment as executive director and member of the board of directors of Basil Read (the “Board”) with effect from 1 September 2014. Consequently, Mr Desmond Hughes will be stepping down as interim Chief Executive Officer and an executive director of the Company with effect from 1 September 2014, but will remain in the business until 31 December 2014. On behalf of the Board, the Chairman thanks Mr Hughes for his valuable contribution to the Group over the past twenty years and for his stewardship during this transition period. Johannesburg 27 August 2014 For further information please contact: Andiswa Ndoni Company Secretary: Basil Read Office: +27 11 418 6471 JSE Sponsor Macquarie First South Capital Proprietary Limited Date: 27/08/2014 05:00:00 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.