Trading Statement 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”) TRADING STATEMENT Shareholders are advised that as a result of Amecor exiting from non-core operations and the board concluding a thorough review of the Company’s accounting practices, impairments of assets and provisions for future obligations have been identified and are required for the year to 31 March 2015. Consequently, in terms of the Listings Requirements of JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the year to 31 March 2015 will differ by more than 20% from that of the previous corresponding period. Accordingly, a review of the financial results for the year ended 31 March 2015 by management as mentioned above has indicated that: - the earnings per share (“EPS”) is expected to be at least 30 cents lower than the EPS of 24.7 cents for the year ended 31 March 2014, reflecting a decrease of at least 121%; and - the headline earnings per share (“HEPS”) is expected to be at least 10 cents lower than the HEPS of 27.9 cents for the year ended 31 March 2014, reflecting a decrease of at least 36%. The core operations continue to trade well and excluding the once off impairment charges and provisions mentioned above, the normalised EBITDA from continuing operations is expected to be between 10% and 20% higher than that of the previous corresponding period. A further trading statement with more precise ranges will be released once the Company has a greater degree of certainty with regards to its financial results for the year ended 31 March 2015. The financial information on which this trading statement is based has not been reviewed or reported on by the Company’s auditors. Johannesburg 5 June 2015 Sponsor Merchantec Capital Date: 05/06/2015 01:03:00 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.