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 Group") TRADING UPDATE


Shareholders are advised that Basil Read expects its earnings per share and headline earnings per share for the year ending 31 December 2014 to be a minimum of 20% lower compared to the previously reported corresponding period.

The financial information on which this trading statement is based has not been
reviewed or reported on by Basil Read's auditors.

The group's annual results for the year ending 31 December 2014 will be
published on or about 27 March 2015.

A.T. Ndoni Company Secretary JSE Sponsor Macquarie First South Capital (Pty) Limited Johannesburg 26 November 2014
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