BASIL READ HOLDINGS LIMITED - Update to Basil Read Limited Business Rescue Plan and changes to the Board of Directors

Update to Basil Read Limited Business Rescue Plan and changes to the Board of Directors

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")


Update to Basil Read Limited Business Rescue Plan and changes to the Board of
Directors

Changes to the Board of Directors
In compliance with section 3.59 of the Listing Requirements of JSE Limited,
shareholders are advised that Mr Paul Baloyi has resigned, with effect from
1 September 2023 as an independent non-executive director from the board of
directors of Basil Read (“the board”), and Mr Khathutshelo (“K2”) Mapasa has
resigned as the CEO and Executive Director.

Mr Mapasa will be pursuing other professional opportunities with effect from
30 September 2023. We thank K2 for his contribution and dedication to the
group over the last 9 years and wish him well in his future endeavours.

Basil Read is pleased to announce the appointment of Esther Mohube, as the
group acting CEO and Director. Esther has been with the group since January
2018 as the Executive Officer, Human Capital. She is also a Director in the
Mining and Development subsidiaries. Esther has a Bachelor degree in
Industrial Psychology from University of the North, a Postgraduate Diploma
In Management, and Leadership Development Certificate from Wits Business
School. She has over 25 years of experience in Human Resources, with 10 years
of that in executive roles.

Business Rescue Plan
The Business Rescue proceedings of BRL have not been concluded within three
months of the commencement thereof. Consequently, the joint Business Rescue
Practitioners (“BRPs”) publish a monthly update report in terms of section
132(3)(a) of the Companies Act 71 of 2008 (“Companies Act”). In this regard,
the update reports are available on www.matusonsassociates.co.za/basilread/.
These update reports should be read in conjunction with the Business Rescue
Plan.

Shareholders are advised that that there has not been further update reports
since the 29th update. The company will provide a market update as soon as
the next report is available.

27 September 2023

Company Secretary


JSE Sponsor
Grindrod Bank Limited

Date: 27-09-2023 01:45:00
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