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")

RESIGNATION OF FINANCIAL DIRECTOR


The Board of Basil Read (the "Board") advises that Mr P.J. Marais has resigned as Financial Director of Basil Read with effect from 22 November 2013, to pursue other career opportunities.

Ms Amanda Wightman has been appointed as interim Chief Financial Officer,
with immediate effect. The Company will effect a permanent appointment to the Financial Director position in due course and will make a further announcement as soon as this appointment has been finalised.

The Board thanks Mr Marais for his contribution to the Group. During his tenure with the Company, Mr Marais has successfully executed his appointment mandate which, amongst others, included the stabilisation of various business projects. The Board wishes Pieter well in his future endeavours.

Ms Wightman is a chartered accountant with more than 20 years of experience. She spent five years at AECI Limited in the company's treasury department, culminating in her appointment as treasury accountant. Ms Wightman also worked for Standard Bank for seven years, where she completed her financial management (TOPP) articles and gained valuable experience in the company's Africa division. Amanda joined Basil Read in December 2005, as Group Financial Manager, and has been involved in the preparation of the Group's annual audited financial results for the past eight years.

Johannesburg
22 November 2013

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