Notice in terms of Section 122(1)(a) of the Companies Act, No. 71 of 2008 Amalgamated Electronic Corporation Limited (Incorporated in the Republic of South Africa) (Registration number: 1997/010036/06) Share Code on the JSE: AER ISIN: ZAE000070587 ("Amecor" or "the Company") DISCLOSURE OF DISPOSAL AND ACQUISITION OF SECURITIES DISPOSAL OF SECURITIES In accordance with section 122(1)(a) of the Companies Act, No. 71 of 2008 and section 3.83(b) of the JSE Listings Requirements, shareholders are hereby advised that the Company has received formal notification in the prescribed form that the following shareholders, have disposed of their interests in the securities of the Company, such that the total interest in the securities of the Company held by these shareholders decreased to zero of the total issued share capital of the Company: % of total issued share capital of Amecor previously held Conduit Management Services Proprietary Limited 21.20% Ronbel 177 Proprietary Limited 9.84% UBS Zurich AG – Client assets 9.30% ACQUISITION OF SECURITIES In accordance with section 122(1)(a) of the Companies Act, No. 71 of 2008 and section 3.83(b) of the JSE Listings Requirements, shareholders are hereby advised that the Company has received formal notification in the prescribed form that the following investors acquired an interest in the securities of the Company, such that the total interest in the securities of the Company held by such investors increased in relation to the total issued share capital of the Company to: Investor % of total issued share capital of Amecor Before After Integrated Capital Management Proprietary Limited 0.00% 11.54% The William Kirsh Family Trust 0.00% 11.54% Westbrooke Capital Management Special Opportunities en Commandite Partnership 0.19% 12.37% Johannesburg 17 October 2013 Sponsor Sasfin Capital (a division of Sasfin Bank Limited) Date: 17/10/2013 07:05:00 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.