BSR
BSR
BSR - Basil Read - Voluntary Business Update
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")
VOLUNTARY BUSINESS UPDATE
BASIL READ AWARDED CONTRACT FOR OLIFANTS RIVER WATER RESOURCES DEVELOPMENT
PROJECT
Basil Read is pleased to announce that the company has been awarded the contract
for construction of the works for phases 2C and 2H in terms of the Olifants
River Water Resources Development Project. The client is the Trans-Caledon
Tunnel Authority ("TCTA"). This award is the first phase of a two-phase project
totalling R2.0 billion.
Construction of phases 2C and 2H is to take place over a 21-month period at a
contract value of approximately R1.2 billion, excluding escalation, contingency
and VAT. The Basil Read group`s order book following this award is valued at
R14.0 billion.
Announcements relating to the award of the second phase of the project
comprising phase 2D of the Olifants River Water Resources Development Project
will be made in due course.
Johannesburg
16 February 2012
JSE Sponsor
Macquarie First South Capital (Pty) Limited
Date: 16/02/2012 16:31:14 Produced by the JSE SENS Department.
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