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BASIL READ HOLDINGS LIMITED - FURTHER CAUTIONARY ANNOUNCEMENT                   
BASIL READ HOLDINGS LIMITED                                                     
(Incorporated in the Republic of South Africa)                                  
(Registration Number 1984/007758/06)                                            
Share Code: BSR ISIN: ZAE000029781                                              
(`the company`)                                                                 
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Further to the cautionary announcement dated 6 August 2004, shareholders are    
advised that negotiations are still in progress with The Chavda Empowerment     
Consortium which, if successfully concluded may have a material effect on the   
price of the company`s shares.  Accordingly, shareholders are advised to        
continue exercising caution when dealing in the company`s shares until a        
detailed announcement is made.                                                  
Johannesburg                                                                    
16 September 2004                                                               
Sponsor: Bridge Capital Services (Pty) Limited

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