Consideration of the Basil Read Limited Business Rescue Plan Basil Read Holdings Limited Incorporated in the Republic of South Africa Registration Number 1984/007758/06 Share Code: BSR ISIN: ZAE 000029781 (“Basil Read Holdings” or “the company”) CONSIDERATION OF THE BASIL READ LIMITED BUSINESS RESCUE PLAN Shareholders are referred to the announcements released on SENS on Wednesday, 20 June 2018, Friday 17 August 2018 and Tuesday, 21 August 2018 and are advised that the meeting with creditors to consider the business rescue plan was convened and held on Monday, 03 September 2018, in terms of section 151 of the Companies Act and, upon a motion being put by the Industrial Development Corporation of South Africa Limited ("the IDC") to the meeting, it was unanimously agreed to adjourn the meeting. The rationale for the adjournment is for affected persons to have more time to fully engage and consider the proposals made in the business rescue plan prior to such plan being tabled for consideration and approval by the Company's creditors. Notice has been given to affected parties that the meeting will be reconvened on Thursday, 27 September 2018 for creditors to consider and approve the proposed business rescue plan. Further updates on the business rescue will be provided in due course. Boksburg 6 September 2018 Acting Company secretary Noxolo Loate JSE Sponsor Grindrod Bank Limited Date: 06/09/2018 10:55:00 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.