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" or the "Group") RESIGNATION OF DEPUTY CHIEF EXECUTIVE OFFICER


Basil Read shareholders are referred to the announcements released on the Stock Exchange News Service ("SENS") on Monday, 3 June 2013 and Friday, 7 June 2013 wherein it was advised that Mr Donny Gouveia would continue in his role as Deputy Chief Executive Officer.

It is with regret that Basil Read has accepted the resignation of Mr Gouveia with effect from Wednesday, 31 July 2013, as he pursues a new career opportunity within the construction / financial services industry.

Mr Gouveia has been an integral part of the Basil Read team since first joining the Company 12 years ago, and has helped in building Basil Read into the Company that it is today.

The Board of Basil Read expresses its deep gratitude to Mr Gouveia for his valuable contribution and dedication to the Group over the last 12 years and wishes him well in his future endeavours.

Johannesburg 1 August 2013


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