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 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 period to be reported on will differ by more than 20% from that of the previous corresponding period. Accordingly, a review of the financial results for the year ending 31 March 2016 by management has indicated that: - the earnings per share (“EPS”) is expected to be at least 35 cents (at least 104.5 cents higher than the loss per share of 69.5 cents for the year ended 31 March 2015), reflecting an increase in EPS of at least 150.4%; and - the headline earnings per share (“HEPS”) is expected to be at least 35 cents (at least 54.3 cents higher than the headline loss per share of 19.3 cents for the year ended 31 March 2015), reflecting an increase in HEPS of at least 281.3%. Although just less than a month of trading remains until the Company’s financial year end, the trading results of the second half of the financial year indicate a vast improvement on the EPS and HEPS of 15.8 cents reported in the interim period, reflecting an increase of at least 21.5%. Furthermore, the EPS for the year ending 31 March 2016 is expected to be at least 10.3 cents higher than the normalised continuing headline earnings per share of 24.7 cents for the prior year ended 31 March 2015 (excluding non-recurring impairments and provisions), reflecting an increase in EPS of at least 41.7%. A further trading statement will be released once the Company has a greater degree of certainty with regards to its financial results for the year ending 31 March 2016. The financial information on which this trading statement is based has not been reviewed or reported on by the Company’s auditors. Amecor’s financial results are expected to be released on SENS on or about 31 May 2016. Johannesburg 4 March 2016 Sponsor Merchantec Capital Date: 04/03/2016 02:50:00 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.