Revised 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") REVISED TRADING STATEMENT Further to the trading statement released on SENS on 28 February 2017, Shareholders are referred to the below revised trading statement. As part of the process of finalising the year end results, certain items have been clarified and have resulted in a reduction in the loss per share and headline loss per share forecasted in the previous trading statement. Consequently, the per share guidance previously provided has been revised as indicated below. Basil Read expects a loss per share for the year ended 31 December 2016, of between 44 and 53 cents (and a loss per share from continuing operations of between 22 and 26 cents) compared to the earnings per share of 137.27 cents for the previously reported corresponding period. Shareholders are advised that Basil Read expects its headline loss per share for the year ended 31 December 2016, to be between 19 and 23 cents (and a headline loss per share from continuing operations of between 20 and 24 cents), compared to the headline earnings per share of 120.28 cents for the previously reported corresponding period. Despite the expected loss per share and headline loss per share, shareholders are advised that Basil Read expects an operating profit of between R57,5 million and R70 million compared to an operating profit of R226 million, for the previously reported corresponding period. The financial information on which this trading statement is based has not been audited nor reviewed by the external auditors. Johannesburg 8 March 2017 Company Secretary Andiswa T Ndoni JSE Sponsor Grindrod Bank Limited Date: 08/03/2017 03:20:00 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.