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 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 and 7 March 2016 advising that that the company’s earnings per share for the 12 months ending 31 December 2015 is expected 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 and headline earnings per share for the 12 months ending 31 December to be between 85 cents and 157 cents per share or between 123% and 143% higher compared to the 362.08 loss per share for the previously reported corresponding period. The company is finalising the audit of its results by the Company’s auditors and the results will be published before the end of March 2016. The Company is required to, in terms of paragraph 3.4(b) of the Listing 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 previously released guidance. Basil Read expects its earnings per share for the year ended 31 December 2015 to be between 120 cents and 150 cents per share or between 120% and 125% 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 120 cents and 150 cents per share or between 133% and 141% higher compared to the 362.08 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. Johannesburg 15 March 2016 Company Secretary Andiswa T Ndoni JSE Sponsor Grindrod Bank Limited Date: 15/03/2016 05:50:00 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.