BASIL READ HOLDINGS LIMITED - Renewal of Cautionary Announcement

Renewal of Cautionary Announcement

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")


RENEWAL OF CAUTIONARY ANNOUNCEMENT

Shareholders are referred to the cautionary announcements released on SENS
on 11 December 2014, 28 January 2015 and 27 March 2015 as well as the
transaction announcement released on 15 February 2015 and are advised that
the early stage discussions for the potential disposal of certain other
non-core assets including Basil Read Energy and Basil Read Matomo as set
out below, are still ongoing and if successfully concluded may have a
material effect on the price of the Company’s securities.

Basil Read Energy (previously part of the TWP group)
Non-binding indicative offers were received in November 2014. These offers
ranged from R70 to R80 million, and included proof of funding and a
completed due diligence. The executive committee has adjudicated these
offers and has selected a preferred bidder with whom negotiations are
ongoing, subject to Basil Read board’s final approval.

Basil Read Matomo (previously part of the TWP group)
After exploring several options for this company, the board elected to
initiate an orderly shutdown of this entity. Key individuals have been
retained to provide ongoing support to completed projects.

Accordingly, shareholders are advised to continue to exercise caution when
dealing in the Company’s securities until a full announcement is made.

Johannesburg
14 May 2015

Company Secretary
Andiswa T Ndoni

JSE Sponsor
Grindrod Bank Limited

Date: 14/05/2015 03:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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