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Neville Francis Nicolau, Basil Read CEO

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Basil Read expects a loss per share for the year ended 31 December 2016, of between 44 and 53 cents and a loss per share from continuing operations of between 22 and 26 cents, compared to the earnings per share of 137.27 cents for the previously reported corresponding period.

Shareholders are advised that Basil Read expects its headline loss per share for the year ended 31 December 2016, to be between 19 and 23 cents and a headline loss per share from continuing operations of between 20 and 24 cents, compared to the headline earnings per share of 120.28 cents for the previously reported corresponding period.

Despite the expected loss per share and headline loss per share, shareholders are advised that Basil Read expects an operating profit of between ZAR57.5 million and ZAR70 million compared to an operating profit of ZAR226 million, for the previously reported corresponding period.

The financial information on which this trading statement is based has not been audited nor reviewed by the external auditors.

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