Basil Read Holdings Limited
Incorporated in the Republic of South Africa
Registration Number 1984/007758/06
Share Code: BSR ISIN: ZAE 000029781 ("Basil Read") or "the company")

INTEGRATED REPORT AND NOTICE OF ANNUAL GENERAL MEETING Integrated report

Further to Basil Read's reviewed results for the year ended
31 December 2014, published on 27 March 2015, the integrated report for the year ended 31 December 2014, incorporating the notice of annual general meeting and summarised consolidated financial statements for the year ended 31 December 2014, ("the integrated report") was dispatched to shareholders on 22 May 2015.
The integrated report contains certain modifications to the aforementioned published reviewed results for the year ended 31 December 2014. The modifications are limited to certain reclassifications to the summarised consolidated statement of cash flows. The final summarised consolidated statement of cash flows is set out below. There are no other modifications to the published reviewed results for the year ended 31 December 2014.

Summarised statement of cash flows

Reviewed

Audited

Difference

12 months

12 months

31 December 2014 R'000 31 December 2014 R'000 R'000


Operating cash flow (244,333) (244,333) - Movements in working capital 126,003 126,003 - Net cash generated by operations (118,330) (118,330) - Net finance (costs) / income (25,310) (25,310) - Dividends paid (4) (4) - Taxation paid (58,011) (58,011) - Cash flow from operating activities (201,655) (201,655) - Cash flow from investing activities (75,057) (45,593) 29,464

Cash flow from financing activities (87,374) (116,838) (29,464)

Effects of exchange rates on cash

and cash equivalents (2,734) (2,734) -

Movement in cash and cash equivalents

Cash and cash equivalents at the

(366,820) (366,820) -

beginning of the year 1,202,484 1,202,484 - Cash and cash equivalents at the end

of the year 835,664 835,664 -

-

Included in the assets of the

disposal group 15,085 15,085 -

835,664 835,664 -


The integrated report and the full consolidated financial statements for the year ended 31 December 2014 are available for download on the Company's website hosted at www.basilread.co.za as well as for inspection at the Company's registered office.

Annual general meeting

Notice is hereby given that the annual general meeting of
Basil Read shareholders will be held at 10h00 on Tuesday,
23 June 2015 at the Basil Read Campus, 7 Romeo Street, Hughes Extension, Boksburg to transact the business as set out in the Notice of Annual General Meeting forming part of the integrated report.
Shareholders are advised to contact the Company directly for a copy of the integrated report if they have elected to receive a hardcopy of the integrated report in the post, but have not received their copy by 23 June 2015.
Boksburg
26 May 2015
Company secretary
Andiswa T Ndoni
JSE Sponsor
Grindrod Bank Limited

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