Basil Read Holding Ltd. announced audited consolidated earnings results for the year ended December 31, 2012. For the period, the company reported revenue of ZAR 5,493,465,000 against ZAR 5,320,945,000 a year ago. Operating loss was ZAR 170,863,000 against operating profit of ZAR 205,181,000 a year ago. Loss before taxation was ZAR 210,734,000 against profit before taxation of ZAR 143,489,000 a year ago. Net loss was ZAR 169,101 against net profit of ZAR 134,707,000 a year ago. Net loss attributable to equity shareholders of the company was ZAR 170,384,000 or 136.54 cents per diluted share against net profit attributable to equity shareholders of the company of ZAR 140,979,000 or 113.88 cents per diluted share a year ago. Cash flow from operating activities was ZAR 843,106,000 against cash used in operating activities of ZAR 35,865,000 a year ago. Net asset value per share was 1,365.72 cents. Capital expenditure for the period was ZAR 501,693,000 against ZAR 647,910,000 a year ago.

Basil Read Holding Ltd. announced changes to its board of directors in compliance with paragraphs 3.59(a) and (b) of the Listings Requirements of the JSE Limited. Mr. Connie Molusi has been appointed as non-executive director to the Board, with effect from March 14, 2013, representing the company's SIOC CDT Investment Holdings Proprietary Limited; Ms. Andiswa Ndoni has been appointed as company secretary to Basil Read, with effect from March 14, 2013, and as a result the company has accepted the resignation of Merchantec (Proprietary) Limited as company secretary to Basil Read, with effect from March 14, 2013; and Mr. Nigel Townshend is no longer an employee of Basil Read as a result of the implementation of the disposal of TWP Holdings Proprietary Limited to WorleyParsons RSA Proprietary Limited, and consequently no longer qualifies to act as an executive director to the Board with effect from March 12, 2013. Mr. Molusi is currently the chairman of the SIOC Community Development Trust and the chief executive officer of Kabo Capital. Ms. Ndoni is an attorney of the High Court of South Africa. She was previously the company secretary and legal counsel for Ubank Limited.

The board of directors of Basil Read Holding Ltd. have declared a special gross dividend of 175 cents per share (148.75 cents per share net of 15% dividend withholding tax). The dividend will be payable on June 24, 2013 with the record date of June 21, 2013. Ex-dividend date is June 14, 2013. The group expects its earnings for the year ending December 31, 2012 to be between 215% and 225% lower compared to the previously reported corresponding period and headline earnings for the year ending 31 December 2012 to be between 185% and 195% lower compared to the previously reported corresponding period.