Trading Statement 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” or “the group”) TRADING STATEMENT In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported upon next will differ by at least 20% from the previous corresponding period. Introduction In spite of difficult economic conditions in South Africa and severe volatility in the rate of exchange during the period, Jasco’s first half performance was pleasing, with the full impact of the restructure benefits flowing through. December 2015 Jasco therefore advises that, for the six months ended 31 December 2015, the company expects: - Revenue growth for the six months to 31 December 2015 will be between 8% and 13% higher than the previous corresponding period - Operating profit for the six months to 31 December 2015 will be between 265% and 285% higher than the previous corresponding period - Earnings per share (“EPS”) to be between 760% and 780% higher (between 5,42 cents and 5,55 cents per share) compared to the 0,63 cents per share for the previous corresponding period, - Headline earnings per share (“HEPS”) to be between 730% and 750% higher (between 5,40 cents and 5,53 cents per share) than the 0,65 cents per share for the previous corresponding period. The weighted average number of shares in issue for the period increased from 214 269 855 to 223 997 016 due to a full weighting of past share issues in the current period. There have been no shares issued since the previous financial year ended 30 June 2015. M-TEC The group sold its 51% shareholding in its associate, M-TEC, as disclosed to shareholders previously in 2015. The final suspensive condition, being approval from the Competition Authorities, is the only outstanding item. This is expected in the near future. Conclusion As committed the new look Jasco has returned to profitability and is well positioned to negotiate the challenging economic conditions expected to continue during 2016. The information in this trading statement has not been reviewed or reported on by the company’s external auditors. Shareholders are further advised that Jasco’s unaudited interim results for the six months ended 31 December 2015 will be announced on 10 February 2016. Midrand 13 January 2016 Sponsor Grindrod Bank Limited Date: 13/01/2016 02:55:00 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.