Results of the Rights Offer BASIL READ HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number 1984/007758/06) (Basil Read or the Company) ISIN: ZAE000029781 Share code: BSR RESULTS OF THE RIGHTS OFFER 1. INTRODUCTION Shareholders of Basil Read (“Shareholders”) are referred to the announcement released on the Stock Exchange News Service of the JSE Limited (“JSE”) on Wednesday, 31 January 2018 relating to the partially underwritten renounceable rights offer of approximately 1 363 636 364 new Basil Read ordinary shares of no par value (“Rights Offer Shares”) in the authorised but unissued stated capital of the Company, offered for subscription to Shareholders recorded in the register at the close of trade on Friday, 9 February 2018, who would receive rights to subscribe for Rights Offer Shares on the basis of 1 035.45602 Rights Offer shares for every 100 Basil Read ordinary shares held, for subscription at R0.22 per Rights Offer Share (“Rights Offer”). As detailed below, the Rights Offer was successful as the full R300 million was taken up by way of subscriptions for Rights Offer Shares, excess applications for Rights Offer Shares and the Rights Offer Shares that had been underwritten (“Underwritten Rights Offer Shares”). 2. RESULTS OF THE RIGHTS OFFER The Rights Offer closed at 12:00 on Friday, 23 February 2017. The results are set out below: Number of Rights Offer Percentage of Rights Offer Shares Shares Rights Offer Shares 1 363 636 364 100.00 available for subscription (including the 86 792 Rights Offer Shares attached to Basil Read’s treasury shares) Subscriptions for Rights 944 480 730 69.26 Offer Shares Excess Rights Offer Shares 53 032 685 3.89 applied for and allocated Underwritten Rights Offer 366 122 949 26.85 Shares allocated (out of a possible 405 009 113 Underwritten Rights Offer Shares) 3. ISSUE OF RIGHTS OFFER SHARES Share certificates will be posted to holders of certificated shares who have followed their rights on or about Tuesday, 27 February 2018. The Central Securities Depository Participants (“CSDP”) or broker accounts of holders of dematerialised shares or their renouncees, who have followed their rights, will be credited with the Rights Offer Shares and debited with any payments due on Tuesday, 27 February 2018. 4. EXCESS APPLICATIONS There were sufficient Rights Offer Shares available to satisfy all excess applications. The excess Rights Offer Shares applied were allocated in an equitable manner. Share certificates will be posted to holders of certificated shares, who have been allocated excess Rights Offer Shares on or about Thursday, 1 March 2018. The CSDP or broker account of holders of dematerialised shares who have been allocated excess Rights Offer Shares, will be credited with the excess Rights Offer Shares and debited with any payments due on or about Thursday, 1 March 2018. As there were no unsuccessful excess applications, no refund payments will be made. Johannesburg 26 February 2018 Company Secretary A Ndoni Corporate Advisor, Bookrunner and Transaction Sponsor Tamela Holdings Proprietary Limited Legal Adviser Tugendhaft Wapnick Banchetti & Partners Date: 26/02/2018 07:30:00 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.