Trading Update 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 Shareholders are referred to the trading update released by Basil Read on the Stock Exchange News Service of the JSE (“SENS”), on 11 December 2015, advising that the company expected earnings per share for the year ending 31 December 2015 to be at least 100% or 599.87 cents per share higher and headline earnings per share for the year to be at least 100% or 362.08 cents per share higher than the previously reported corresponding period. The company is finalising its results for the year ended 31 December 2015 and is required to, in terms of paragraph 3.4(b) of the Listings Requirements of JSE Limited (“JSE”), once reasonable certainty is obtained, to provide the guidance as set out therein. Consequently shareholders are advised that the following guidance replaces the minimum percentage difference quoted in the previous trading update. Basil Read expects its earnings per share for the year ended 31 December 2015 to be between 61 cents and 181 cents per share or between 110% and 130% higher compared to the 599.87 cents loss per share for the previously reported corresponding period. Shareholders are further advised that Basil Read’s headline earnings per share for the year ended 31 December 2015 is expected to be between 85 cents and 157 cents per share or between 123% and 143% higher compared to the 362.08 cents loss per share for the previously reported corresponding period. The financial information on which this trading statement is based has not been reviewed or reported on by Basil Read’s external auditors. Date of annual results and presentation Basil Read will publish its annual results for the period ended 31 December 2015, on SENS on Tuesday, 15 March 2016. An investor presentation will be hosted in Johannesburg only at 10:00 (SA time) on the same day. The company will provide the following investor services on Tuesday 15 March 2016 at 10:00 (SA time): 1. Live webcast: A live webcast of the presentation will be available on www.basilread.co.za 2. Live call access numbers for participants: South Africa (Toll-Free) 0 800 200 648 Australia (Toll-Free) 1 800 350 100 United Kingdom (Toll-Free) 0808 162 4061 3. Playback access details: (Playback code: 44743) South Africa 011 305 2030 Australia 1 800 091 250 United Kingdom 0 808 234 6771 All related documents will be available for download on the same day from the company website – www.basilread.co.za Johannesburg 7 March 2016 Company Secretary Andiswa T Ndoni JSE Sponsor Grindrod Bank Limited Date: 07/03/2016 03:45:00 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.