Results of the rights offer 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") RESULTS OF THE RIGHTS OFFER Shareholders are referred to the finalisation announcement released on the Stock Exchange News Service (“SENS”) of the JSE Limited (“JSE”) on 5 December 2013 and the circular to Jasco ordinary shareholders dated 13 December 2013 relating to the Jasco rights offer (“rights offer”). In terms of the rights offer, a total of 72,000,000 Jasco ordinary shares (“rights offer shares”) in the authorised, but unissued share capital of Jasco, were offered for subscription to qualifying Jasco ordinary shareholders through renounceable rights. The subscription price was 80 cents per Jasco ordinary share on the basis of 49.181 rights offer shares for every 100 existing Jasco ordinary shares held at the close of trade on the record date of the rights offer. The rights offer closed on Friday, 17 January 2014. The Company received excess applications from Jasco ordinary shareholders for 1 484 371 rights offer shares representing 2.06% of the total rights offer. In terms of the rights offer, the rights of the respective underwriters shall rank before any/all excess applications are determined. Accordingly, based on an equitable basis, 494 868 or 33.34% of excess applications were allocated to qualifying Jasco shareholders. In total the Company raised R57,6 million and introduced a strategic shareholder at the same time. The rights offer shares were allotted and the funds received by Jasco on 21 January 2014 The detailed results of the rights offer are set out in the table below. % of Value of shares Number of rights @ 80 cents per Shares offer rights offer shares share Rights offer shares available for subscription 72 000 000 100.00 R 57 600 000 Certificated number of rights offer shares taken up 1 914 0.00 R 1 531 Uncertificated number of rights offer shares taken up 15 253 137 21.18 R 12 202 509 Total of rights offer shares Exercised 15 255 051 21.19 R 12 204 041 Excess rights offer shares applied for 1 484 371 2.06 R 1 187 497 Excess rights offer shares Allocated 494 868 0.69 R 395 894 Rights offer shares taken up by the underwriters 56 250 000 78.13 R 45 000 000 Total rights offer shares Allocated 71 999 919 100.00 R 57 599 935 The CSDP or broker accounts in respect of dematerialised shareholders were updated with rights offer shares and debited with any payments due on Monday, 20 January 2014. Johannesburg 21 January 2014 Corporate Adviser and Sponsor Grindrod Bank Limited Date: 21/01/2014 04:15:00 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.