ADVTECH LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

ADvTECH Limited
(Incorporated in the Republic of South Africa)

(Registration number 1990/001119/06)

Share code: ADH ISIN: ZAE000031035

("the Group")



RESULT OF ANNUAL GENERAL MEETING

Annual General Meeting

Shareholders are advised that at the annual general meeting of shareholders held earlier today (in
terms of the notice of annual general meeting dated 28 March 2013), all the ordinary and special
resolutions proposed were duly passed by the requisite majority of votes.


The Chairman updated the meeting on the Group’s progress in the year so far, including the 2013
enrolments in the Education divisions and the trading environment in the Resourcing division:

    •   In the Schools division, enrolment targets for the year have been met and there is good
        evidence of continuing firm demand especially at sought after entry points. The investment
        and capex projects are making progress as planned and the Group continues to investigate
        further investment opportunities.
    •   In the Tertiary division, as anticipated, 2nd year enrolments are down as a direct consequence 
        of the reduced 1st year numbers in 2012. There has been some recovery in 1st year enrolments and 
        progress is being made in addressing structural issues and opportunities to enable the division
        to return to EBIT growth this year.
    •   The decline in permanent staffing activity reported in the fourth quarter of 2012 in the wake of
        general labour unrest continued at the start of the year. As a result the Resourcing division
        experienced a tough first quarter but has seen some strengthening of the market and an
        improved trading environment during the second quarter.


The Group is cautiously optimistic about the outlook for the balance of 2013.


Johannesburg
28 May 2013
Sponsor: Bridge Capital Advisors (Pty) Limited

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