Termination of Merger Agreement with Antenna Research Associates Inc. ("ARA") Alaris Holdings Limited (formerly Poynting Holdings Limited) Incorporated in the Republic of South Africa (Registration number 1997/011142/06) Share code: ALH ISIN: ZAE000201554 (“Alaris” or “the Company”) TERMINATION OF MERGER AGREEMENT WITH ANTENNA RESEARCH ASSOCIATES INC. (“ARA”) 1. INTRODUCTION Shareholders of Alaris (“Shareholders”) are referred to the announcements on SENS by Alaris on 19 February 2015, 1 April 2015, 9 June 2015, 30 June 2015, 22 July 2015 and 21 August 2015 (“Previous Announcements”) in which it was advised, inter alia, that Alaris had entered into an agreement with ARA on 19 June 2015 and finalised on 27 June 2015 (“Merger Agreement”) in respect of the implementation of the proposed acquisition of 100% of the issued share capital of ARA, which acquisition was to have been structured as a series of mergers to qualify as a “reorganisation” under the provisions of section 368(a) of the United States of America (“USA”) Internal Revenue Code, which Previous Announcements also set out the salient terms and conditions of the Merger Agreement. 2. TERMINATION OF MERGER AGREEMENT 2.1. As advised in the Previous Announcements, the obligation of, inter alia, Alaris to consummate the transactions contemplated in the Merger Agreement was subject to the satisfaction of certain conditions prior to the date specified in the Merger Agreement (“End Date”). 2.2. Shareholders are hereby advised that not all the conditions, as specified in the Merger Agreement, were fulfilled by ARA by the End Date, and efforts to negotiate revised terms to address risks raised in light of the unfulfilled conditions were not successful. 2.3. Accordingly, Alaris has exercised its right to terminate the Merger Agreement. 2.4. Alaris regrets the termination, especially considering the significant resources that were devoted to this acquisition. Management however, believes it was in the best interest of Alaris and its Shareholders to terminate the Merger Agreement in light of the uncertainties created by the conditions that were not fulfilled and the inability to address the risks resulting therefrom. Alaris has however, used the experience to improve its understanding of the United States regulatory landscape and will continue to explore opportunities to further penetrate the United States market to bring value to Alaris and its Shareholders. 2.5. Alaris wishes ARA all the best in its future endeavours. Johannesburg 11 September 2015 Transaction and Corporate Adviser PSG Capital Proprietary Limited Designated Adviser Merchantec Capital Independent Reporting Accountants KPMG Legal Adviser to Alaris in the USA DLA Piper LLP (US) Date: 11/09/2015 12:00:00 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.