Change Statement and Notice of Annual General Meeting 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”) CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING Change Statement Shareholders are advised that the Company’s Integrated Annual Report for the year ended 31 March 2015 was distributed to shareholders on 30 September 2015 and is also available on the Company’s website, www.amecor.co.za. There are no changes to the earnings per share and headline earnings per share as well as the net asset value per share. The audited annual financial statements do, however, contain the following modifications to the condensed provisional consolidated reviewed results for the year ended 31 March 2015 released on SENS on 30 June 2015. GROUP STATEMENT OF CASH FLOWS Reviewed Audited Difference Restated Audited Difference 31 March 31 March 31 March 31 March 2015 2015 2014 2014 R’000 R’000 R’000 R’000 R’000 R’000 Net inflow/(outflow) 15 970 24 140 8 170 2 732 (15 248) (17 980) from operating activities Cash generated from 40 411 47 549 7 138 28 625 11 731 (16 894) operations Net finance cost (4 945) (4 629) 316 (3 639) (3 617) 22 Taxation paid (10 207) (9 492) 715 (9 991) (11 099) (1 108) Dividends paid (9 288) (9 288) (12 263) (12 263) - Net outflow from (3 502) (5 741) (2 239) (15 225) (15 605) (380) investing activities Net outflow from (231) (451) (220) (1 532) 861 2 393 financing activities Movement in cash 12 237 17 948 5 711 (14 025) (29 992) (15 967) balances Cash and cash 28 499 39 888 11 389 42 523 66 880 24 357 equivalents at beginning of period Cash included in - (17 100) (17 100) 11 390 3 000 (8 390) discontinued operations Total cash at the end of 40 736 40 736 - 39 888 39 888 - the year GROUP STATEMENT OF FINANCIAL POSITION Reviewed Audited Difference Restated Audited Difference 31 March 31 March 31 March 31 March 2015 2015 2014 2014 R’000 R’000 R’000 R’000 R’000 R’000 Deferred Tax Asset 6 215 7 270 1 055 586 1 219 633 Deferred Tax Liability 1 231 2 286 1 055 6 508 7 141 633 Net Deferred Tax 4 984 4 984 - (5 922) (5 922) - The modification arose as a result of the Statement of Cash Flows in the condensed provisional consolidated reviewed results for the year ended 31 March 2015 including only continuing operations whereas the Statement of Cash Flows in the audited annual financial statements includes both continuing and discontinuing operations. There was also a modification in the allocation between deferred tax assets and liabilities, however, the net deferred tax asset did not change. The annual financial statements were audited by the Company’s auditors, Grant Thornton Inc., and their unmodified report is available for inspection at Amecor’s registered office. Notice of Annual General Meeting Notice is hereby given that the annual general meeting (“AGM”) of shareholders of Amecor will be held at 09:00 on Thursday, 19 November 2015 at the offices of Merchantec Capital, 2 nd Floor, North Block, Hyde Park Office Tower, Corner 6th Road and Jan Smuts Avenue, Hyde Park, Johannesburg, to conduct the business stated in the notice of annual general meeting, which is contained in the Integrated Annual Report. The board of directors of Amecor has determined that, in terms of section 62(3)(a), as read with section 59 of the Companies Act, 2008 (Act 71 of 2008), the record date for the purposes of determining which shareholders of the Company are entitled to participate in and vote at the annual general meeting is Friday, 13 November 2015. Accordingly, the last day to trade in Amecor shares in order to be recorded in the Register to be entitled to vote at the AGM will be Friday, 6 November 2015. Johannesburg 30 September 2015 Sponsor Merchantec Capital Date: 30/09/2015 05:33:00 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.