Shareholder update: Disposal by Jasco of the Midrand Property JASCO ELECTRONICS HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1987/003293/06) Share Code: JSC & ISIN: ZAE000003794 ("Jasco" or "the company" or “the Group”) SHAREHOLDER UPDATE: DISPOSAL BY JASCO OF THE MIDRAND PROPERTY 1. INTRODUCTION Shareholders are referred to the announcement published on the Securities Exchange News service of the JSE Limited (“SENS”) and in the press dated 22 October 2012, whereby shareholders were advised inter alia that all resolutions necessary to approve the disposal by Jasco of its head office property (“Midrand Property”) to Genesis Properties Proprietary Limited (“GenProps”) had been passed with the requisite majority. 2. CONDITIONS PRECEDENT TO THE DISPOSAL OF THE MIDRAND PROPERTY Shareholders are hereby advised that all the conditions precedent to enable the transfer of the Midrand Property to GenProps have been fulfilled. Accordingly, transfer of the Midrand Property and the commensurate payment of the purchase consideration to Jasco is expected to occur by the end of June 2013. A further announcement will be made on SENS in that regard. Johannesburg 21 May 2013 Corporate Adviser and Sponsor Grindrod Bank Limited Date: 21/05/2013 02:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.