BASIL READ HOLDINGS LIMITED 
By
As disclosed in the circular to shareholders dated Friday, 8 February 2013 regarding the disposal of the entire issued ordinary share capital of TWP Holdings Proprietary Limited ("TWP") held by Basil Read for a cash consideration of R900 million (the "Circular"), which was approved by shareholders at the general meeting of the Company held on Friday, 8 March 2013 (the "Disposal"), shareholders are advised that the group received the sale consideration of R877.7 million, after adjusting for the net debt and working capital agreed amounts, on 12 March 2013.
The cash injection will allow Basil Read to settle debt and strengthens the balance sheet for future
organic growth.
Shareholders are further advised that the board of directors of Basil Read is pleased to announce that a special dividend to shareholders equating to R230 million (inclusive of dividend withholding tax) has been approved and notice is hereby given that the board of directors of Basil Read have declared a special gross dividend of 175 cents per share (148.75 cents per share net of 15% dividend withholding tax).
The special dividend has been declared from income reserves (the purchase consideration of the Disposal) and no secondary tax on companies' credits has been used. A dividend withholding tax of
15% will therefore be applicable to all shareholders who are not exempt. The special dividend net of
dividend withholding tax thus amounts to 148.75 cents per share.
The issued share capital of Basil Read at the declaration date is 131 694 281 ordinary shares. The tax
reference number of Basil Read is 9950051715.
In order to comply with the requirements of Strate the relevant details are as follows:
Declaration date of special dividend Friday, 15 March 2013 Finalisation date of special dividend Thursday, 6 June 2013 Last day to trade cum-
