TWP Holdings Limited and Basil Read Holdings Limited announce a possible merger

TWP Holdings Limited has entered into a process to merge with Basil Read Holdings Limited. Basil Read, winner of the Business Times Top 100 Companies survey, provides multidisciplinary construction services to a number of industry sectors.

The conclusion of the merger will bring together the recognized skills and differentiating capabilities of the respective companies into a combined capability to provide engineering design and construction services to the resources, industrial, infrastructure and commercial sectors in Africa, Australia and beyond. The combined entity plans to increase momentum in the delivery of their global expansion strategic objectives.

Following approval of the "Scheme of Arrangement" by the respective boards, the companies will seek competition commission approval with the intention to conclude the process by December 2009.

For further information on the respective companies please refer to the following websites:

TWP Holdings Limited: www.twp.co.za

Basil Read Holdings Limited: www.basilread.co.za