AMALGAMATED ELECTRONIC CORP LTD - Results of AGM

Results of AGM

Amalgamated Electronic Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/010036/06)
Share code: AER
ISIN: ZAE000070587
("Amecor" or "the Company")



RESULTS OF THE ANNUAL GENERAL MEETING


The board of directors of Amecor hereby advises that at the Annual General Meeting of shareholders held on
Thursday, 30 October 2014, the following resolutions, as set out in the notice of annual general meeting which
was incorporated in the Integrated Annual Report distributed to shareholders on 1 October 2014, were duly
approved by the requisite majority of shareholders present and voting:

               Resolution                    Number of        % of shares     % of      % of votes    % of votes
                                               shares           voted in     shares     carried for   against the
                                              voted in         person or    abstained       the       resolution
                                             person or         by proxy                 resolution
                                              by proxy
 Ordinary Business
 1   Adoption of the annual financial
     statements for the period ended 31
     March 2014                                  45 583 799      58.45         0           100            0

 2   2.1) Election of Mr JF Evans as a
     director                                    45 583 799      58.45         0           100            0

     2.2) Election of Mr W Kirsh as a
     director                                    45 583 799      58.45         0           100            0

     2.3) Election of Mr SD Shane as a
     director                                    45 583 799      58.45         0           100            0

 3   3.1) To appoint Mr P.F.C. Ying as
     chairman and a member of the audit
     committee                                   45 583 799      58.45         0           100            0

     a) To appoint Mr C.H. Boulle as a
        member of the audit committee            45 583 799      58.45         0           100            0

     b) To appoint Mr J.F. Evans as a
        member of the audit committee            45 583 799      58.45         0           100            0

 4   Appointment and remuneration of
     auditors                                    45 583 799      58.45         0           100            0

 5   Remuneration philosophy                     45 583 799      58.45         0           100            0

 6   General authority to issue shares for
     cash                                        45 583 799      58.45         0           100            0
 Special Business

 1   Non-Executive directors’
     remuneration                                45 583 799      58.45          0          100           0

 2   Acquisition of own shares                   45 583 799      58.45          0          100           0

 3   Financial assistance to directors,
     prescribed officers, employee share
     scheme beneficiaries and related or
     inter-related companies and
     corporations                               45 583 799      58.45           0          100           0


The special resolutions, where appropriate, will be filed with the Companies and Intellectual Property
Commission.

Johannesburg
30 October 2014


Sponsor
Sasfin Capital
(a division of Sasfin Bank Limited)

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