Trading Statement 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") TRADING STATEMENT In terms of the Listings Requirements of JSE Limited (“Listings Requirements”), companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on will differ by more than 20% from that of the previous corresponding period. Shareholders are therefore advised that Basil Read’s earnings per share for the 12 months ending 31 December 2015 is expected to be at least 100% or 599.87 cents per share higher than the loss of 599.87 cents per share of the previously reported corresponding period. Shareholders are further advised that Basil Read’s headline earnings per share for the 12 months ending 31 December 2015 is expected to be at least 100% or 362.08 cents per share higher than the headline loss of 362.08 cents per share of the previously reported corresponding period. Once more certainty is obtained, Basil Read will provide further guidance as required by paragraph 3.4(b) of the Listings Requirements. The financial information on which this trading statement is based has not been reviewed or reported on by Basil Read’s external auditors. The results for the 12 months ending 31 December 2015 are expected to be published on or about 15 March 2016. Johannesburg 11 December 2015 Company Secretary Andiswa T Ndoni JSE Sponsor Grindrod Bank Limited Date: 11/12/2015 10:20:00 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.