MACQUARIE: V1 - 041010

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")

CAUTIONARY ANNOUNCEMENT

Shareholders are hereby advised that subsequent to Basil Read identifying certain assets as non-core, Basil Read Limited, a wholly-owned subsidiary of Basil Read Holdings Limited, has been approached by third parties and have subsequently entered into early stage discussions for the potential disposal of certain of the non-core assets, which if successfully concluded may have a material effect on the price of the Company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the Company's securities until a full announcement is made.
Johannesburg
11 December 2014
Company Secretary
Andiswa T Ndoni
JSE Sponsor
Grindrod Bank Limited

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