AMALGAMATED ELECTRONIC CORP LTD - Results of Annual General Meeting

Results of Annual General Meeting

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 ANNUAL GENERAL MEETING (“AGM”)

Shareholders are advised that Ordinary Resolution numbers 4 and
5 and Special Resolution number 1 as proposed at the AGM of
Amecor held on Friday, 11 October 2013, were unanimously
approved by the requisite majority of shareholders.

The following resolutions were withdrawn prior to the meeting:

Ordinary Resolution 1 Adoption of the financial statements
Ordinary Resolution 2 Re-election of directors
Ordinary Resolution 3 Election of the Audit committee
Ordinary Resolution 6 General authority to issue shares for cash
Special Resolution 2 Non executive directors’ remuneration
Special Resolution 3 Acquisition of own shares
Special Resolution 4 Financial assistance to related or inter-
related companies and corporations

Shareholders are advised that, ordinary resolutions number 2 and
3 dealing with the re-election of directors and appointment of
audit committee members were withdrawn due to the resignation of
two board members per the announcement dated 10 October 2013.
The Company's audit committee will not have the requisite number
of independent non-executive directors as required by the
Companies Act (No.71 of 2008), as amended and accordingly the
board of directors will address its position in due course.

The special resolution to amend the memorandum of incorporation
will be lodged with the Companies and Intellectual Property
Commission in due course.

Johannesburg
14 October 2013

Sponsor: Sasfin Capital Limited
(a division of Sasfin Bank Limited)

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