BSR
BSR
Basil Read - Error in the offer circular
Basil Read Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1984/007758/06)
(Share code: BSR & ISIN: ZAE000029781)
("Basil Read")
ERROR IN THE OFFER CIRCULAR
Shareholders are referred to the circular to Basil Read shareholders dated 13
February 2006 ("the circular"), giving details of the mandatory offer by
Metallon Ventures (Pty) Limited and Amabubesi Investments (Pty) Limited ("the
BEE consortium") to Basil Read shareholders to acquire all of their Basil Read
shares ("the offer").
It has come to the attention of the directors of Basil Read ("the directors")
that certain historical financial information contained in Annexure 1 of the
circular was incorrectly printed. Specifically, the figures in the income
statements on page 14 of the circular from the line item headed "Changes in
contract work in progress" to "Profit on sale of unlisted investment" were
printed in the incorrect year columns and should be one column to the right.
LPC Manhattan Moela (Pty) Limited, the BEE consortium"s Sponsor, apologises for
this oversight in the proof reading of the circular.
The offer closed on Friday, 10 March 2006 and was not accepted by any Basil Read
shareholders, principally due to the fact that the offer price was materially
below the current Basil Read share price. The directors do not believe that the
error would in any way have impacted on a shareholder"s decision with respect to
the offer.
Johannesburg
20 April 2006
Sponsor to the BEE Consortium: LPC Manhattan Moela (Pty) Limited
Date: 20/04/2006 02:52:12 PM Produced by the JSE SENS Department
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