Results of General Meeting and Renewal of Cautionary 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 GENERAL MEETING AND RENEWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are advised that, at the general meeting of Basil Read held on 4 December 2017, the resolutions as set out in the notice of general meeting dated 2 November 2017, were voted on as follows: Resolution Votes in % Votes % Shares Abstain % Total votes Total favour against voted in attendance attendance as % of votable units Special 89 010 606 98.32 1 524 798 1.68 90 535 404 8 544 0.01 90 543 948 68.75 Resolution number 1: Increase of authorised share capital Special 89 010 706 98.32 1 524 698 1.68 90 535 404 8 544 0.01 90 543 948 68.75 Resolution number 2: Amendment of the memorandum of incorporation Special 89 010 606 98.32 1 524 798 1.68 90 535 404 8 544 0.01 90 543 948 68.75 Resolution number 3: Authorisation to issue shares pursuant to the proposed rights offer Ordinary 81 202 821 98.50 1 239 340 1.50 82 442 161 218 544 0.18 82 660 705 66.76 Resolution 1: Ratification of the amendment to the 2012 subscription agreement Special 81 242 831 98.50 1 239 340 1.50 82 482 171 178 534 0.14 82 660 705 66.76 Resolution number 4: Authority for the specific repurchase Ordinary 89 086 074 98.63 1 239 340 1.37 90 325 414 218 534 0.18 90 543 948 68.75 Resolution number 2: Authority to execute requisite documents Special resolutions 1 and 2 will be lodged with the Companies and Intellectual Property Commission. In addition, Shareholders are referred to the cautionary announcements released on SENS on 2 November 2017, 2 October 2017 and 28 August 2017 and are advised that various confidential discussions are still ongoing, which may have a material effect on the price of the Company’s securities. Accordingly, Shareholders are advised to continue to exercise caution when dealing in the Company’s securities until a detailed announcement is made with regard to the rights offer. Johannesburg 4 December 2017 Company Secretary A Ndoni Corporate Advisor and Transaction Sponsor Tamela Holdings Proprietary Limited Legal advisers Tugendhaft Wapnick & Banchetti Date: 04/12/2017 11:00:00 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.