BASIL READ HOLDINGS LIMITED - Results of annual general meeting

Results of annual general meeting

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")

RESULTS OF ANNUAL GENERAL MEETING

Shareholders are hereby advised that at the annual general meeting
of shareholders of the company held on Thursday, 2 June 2016, all
the proposed ordinary and special resolutions, as set out in the
notice of annual general meeting contained in the integrated report
which was posted to shareholders on 3 May 2016, were passed by the
requisite majority of shareholders present and voting, in person or
by proxy.

Details of the results of voting at the annual general meeting are
as follows:
- Total number of issued ordinary shares: 131 694 281
- Total number of issued ordinary shares net of treasury shares
(“Total Votable Ordinary Shares”): 131 675 770
-   Total   number   of   issued   ordinary   shares   which   were
present/represented at the annual general meeting: 91 077 015 being
69.16% of the Total Votable Ordinary Shares.

Ordinary Resolutions
Ordinary resolution number 1: Reappointment of Independent auditors
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
91 077 015,       0, being 0%           0, being 0%          91 077 015,
being 100%                                                   being 69.16%

Ordinary   resolution   number   2.1:   Re-election     of   directors   –   SS
Ntsaluba
 For (1)          Against (1)           Abstentions (2)      Shares voted
                                                             (3)
90 433 397,       643 618, being        0, being [0]%        91 077 015,
being 99.29%      0.71%                                      being 69.16%

Ordinary resolution number 2.2: Re-election of directors – TA
Tlelai
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
90 433 397,       643 618, being        0, being [0]%        91 077 015,
being 99.29%      0.71%                                      being 69.16%
Ordinary resolution number 2.3: Re-election of directors – DLT Dondur
 For (1)          Against (1)       Abstentions (2) Shares voted
                                                     (3)
91 077 015,       0, being 0%        0, being 0%      91 077 015,
being 100%                                            being 69.16%

Ordinary resolution 3.1: Re-election of audit committee members –
DLT Dondur
 For (1)         Against (1)      Abstentions (2) Shares voted
                                                  (3)
91 077 015,       0, being 0%        0, being 0%      91 077 015,
being 100%                                            being 69.16%

Ordinary resolution 3.2: Re-election of audit committee members – CE
Manning
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
91 077 015, being 0, being 0%        0, being 0%      91 077 015,
100%                                                  being 69.16%

Ordinary resolution 3.3: Re-election of audit committee members –
MSI Gani
 For (1)         Against (1)      Abstentions (2) Shares voted
                                                  (3)
91 077 015,       0, being 0%        0, being 0%      91 077 015,
being 100%                                            being 69.16%

Ordinary resolution 4: Approval of remuneration policy
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
45 825 247,       14 932 263,        30 319 505,      91 077 015,
being 75.42%      being 24.58%       being [33.29]%   being 69.16%

Special resolutions
Special resolution 1: Remuneration of non-executive directors
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
90 300 750,       643 618, being     132 647, being   91 077 015,
being 99.29%      0.71%              0.001%           being 69.16%

Special resolution 2: Approval to grant financial assistance to
related or inter-related companies and others
 For (1)          Against (1)      Abstentions (2) Shares voted
                                                    (3)
87 404 714,       3 672 301, being   0, being 0%      91 077 015,
being 95.97%      4.03%                               being 69.16%
Notes:
(1) The votes carried for and against each individual resolution
are disclosed as a percentage in relation to the total number of
ordinary shares voted (whether in person or by proxy) in respect of
such individual resolution at the annual general meeting.
(2)The total number of ordinary shares abstained in respect of each
individual resolution (whether in person or by proxy) is disclosed
as a percentage in relation to the Total Votable Ordinary Shares.
(3) The total number of ordinary shares voted (whether in person or
by proxy) at the annual general meeting in respect of each
individual resolution is disclosed as a percentage in relation to
the Total Votable Ordinary Shares.

Johannesburg
2 June 2016

Company Secretary
Andiswa T Ndoni

JSE Sponsor
Grindrod Bank Limited

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