AMALGAMATED ELECTRONIC CORP LTD - Further Trading Statement

Further 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”)

FURTHER TRADING STATEMENT

Shareholders are advised that as a result of Amecor exiting from non-core operations and the
board of directors 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 ending 31 March 2015.

Further to the trading statement released on SENS on 5 June 2015, shareholders are hereby
advised of the updated earnings and headline earnings per share for the year ending 31 March
2015:

-   the loss per share is expected to be between 68.3 cents and 70.7 cents, reflecting a
    decrease of between 376.4% and 386.4% compared to the earnings per share of 24.7 cents
    for the year ended 31 March 2014; and

-   the headline loss per share is expected to be between 17.9 cents and 20.7 cents, reflecting
    a decrease of between 164.2% and 174.2% compared to the headline earnings per share
    (“HEPS”) of 27.9 cents for the year ended 31 March 2014.

The core operations continue to trade well and normalised EBITDA from continuing operations is
expected to be between 10% and 15% higher than that of the previous period.

The financial information on which this trading statement is based has not been reviewed or
reported on by the Company’s auditors. Amecor’s results for the year ended 31 March 2015 are
expected to be released on SENS on or about 30 June 2015.

Johannesburg
25 June 2015

Sponsor
Merchantec Capital

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