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") INTEGRATED ANNUAL REPORT AND DETAILS OF THE ANNUAL GENERAL MEETING Integrated annual report


Further to Basil Read`s reviewed results for the year ended 31 December 2013, published on 26 March 2014, the integrated annual report for the year ended 31 December 2013, incorporating the notice of annual general meeting and summarised consolidated financial statements for the year ended 31 December 2013, (the "Integrated Annual Report") were dispatched to shareholders on 26 May 2014.

The Integrated Annual Report contains certain modifications to the aforementioned published reviewed results for the year ended 31 December 2013. The modifications are limited to certain reclassifications to the summarised consolidated statement of cash flows as well as an adjustment to the capital expenditure for the period. The final summarised consolidated statement of cash flows and additional information to the annual financial statements is set out below. There are no other modifications to the published reviewed results for the year ended 31 December 2013

Summarised consolidated statement of cash flows

Audited Audited
12 months 12 months
31 December 31 December
2013 2012

R'000 R'000

Operating cash flow

406,770

240,130

Movements in working capital

(122,343)

793,368

Net cash generated by operations

284,427

1,033,498

Net finance income

13,670

(77,133)

Dividends paid

(232,640)

(38)

Taxation paid

(68,172)

(113,221)

Cash flow from operating activities

(2,715)

843,106

Cash flow from investing activities

689,926

(403,415)

Cash flow from financing activities

(506,682)

(50,781)

Effects of exchange rates on cash and cash equivalents

(23,767)

3,059

Movement in cash and cash equivalents

156,762

391,969

Cash and cash equivalents at the beginning of the year

1,045,722

653,753

Cash and cash equivalents at the end of the year

1,202,484

1,045,722

Included in cash and cash equivalents as per the balance sheet

1,202,484

1,046,834

Included in the assets of the disposal group

-­‐

(1,112)

1,202,484

1,045,722

Additional information to the annual financial statements Audited Audited 12 months 12 months 31 December 31 December 2013 2012


Ordinary and special dividend paid per share (cents) 175.00 -­‐ Ordinary and special dividend declared per share (cents)* 175.00 -­‐
* Based on the year to which the dividend relates
Number of ordinary shares in issue ('000) 131,686 131,686
Headline earnings / (loss) per share (cents) 88.16 (130.84) Diluted headline earnings / (loss) per share (cents) 88.16 (130.84)
Reconciliation of basic earnings to headline earnings R '000 R '000
Basic earnings / (loss) 310,742 (170,384) Adjusted by
-­‐ (Profit) / loss on sale of subsidiary (193,176) 253
-­‐ Loss on sale of jointly controlled entity -­‐ 3,760
-­‐ Profit on sale of associate -­‐ (359)
-­‐ Profit on sale of available-­‐for-­‐sale financial asset -­‐ (4,050)
-­‐ (Profit) / loss on sale of property, plant and equipment (1,470) 451
-­‐ Impairment of fixed assets -­‐ 7,052
Headline earnings / (loss) 116,096 (163,277)
Reconciliation between weighted average number of shares and
diluted average number of shares '000 '000
Weighted average number of shares 131,686 124,787
Adjusted by -­‐ Share Incentive Scheme -­‐ -­‐ Diluted average number of shares 131,686 124,787
Net asset value per share (cents) 1,450.01 1,366.55
Tangible net asset value per share (cents) 1,137.28 1,053.16
Capital expenditure for the period (R'000) 254,948 501,693
Depreciation (R'000) 324,292 300,436
Impairment of fixed assets (R'000) -­‐ 7,052
Amortisation of intangible asset (R'000) 860 1,990
The Integrated Annual Report and the full consolidated financial statements for the year ended 31 December 2013, are available for download on the company`s website hosted at www.basilread.co.zaas well as for inspection at the Company's registered office.

Annual general meeting

The annual general meeting of Basil Read shareholders will be held at 10h00 on Thursday, 26 June 2014 at the Basil Read Campus, 7 Romeo Street, Hughes Extension, Boksburg, Johannesburg to transact the business as set out in the Notice of the Annual General Meeting forming part of the Integrated Annual Report.
Shareholders are advised to contact the Company directly for a copy of the Integrated Annual Report if they have elected to receive a hardcopy of the Integrated Annual Report in the post, but have not received their copy by 26 June 2014.
Johannesburg
27 May 2014
JSE Sponsor
Macquarie First South Capital (Pty) Limited

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