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, 27 March 2015 and 14 May 2015, 26
June 2015, 7 August 2015 as well as the transaction announcement released
on 15 February 2015 and are advised that the discussions for the potential
disposal of certain non-core assets 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. A preferred
bidder has been selected and the transaction has now been approved by the
regulator. We anticipate that the transaction will be concluded by the end
of September 2015.

Other non-core assets
The Integrated Report for the year ended 31 December 2014 referred to the
fact that an unsolicited non-binding offer was received for Spraypave (Pty)
Limited (“Spraypave”) (acquired by Basil Read in 2006) which would be
presented to the Basil Read Board for consideration. The discussions
regarding Spraypave are still ongoing.

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

Johannesburg
17 September 2015

Company Secretary
Andiswa T Ndoni

JSE Sponsor
Grindrod Bank Limited

Date: 17/09/2015 04:44:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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