AMALGAMATED ELECTRONIC CORP LIMITED - 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


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.

Further to the trading statement released on SENS on 4 March 2016, a review of the financial results for the
year ended 31 March 2016 by management has indicated that:

-   the earnings per share (“EPS”) is expected to be between 36.8 cents and 43.7 cents, reflecting an
    increase in EPS of between 153% and 163% compared to the loss per share of 69.5 cents for the year
    ended 31 March 2015; and

-   the headline earnings per share (“HEPS”) is expected to be between 38.5 cents and 42.3 cents, reflecting
    an increase in HEPS of between 299% and 319% compared to the headline loss per share of 19.3 cents
    for the year ended 31 March 2015.

The expected trading results for the second half of the financial year (1 October 2015 – 31 March 2016) reflect
an increase in EPS and HEPS of between 45% and 65% compared to the EPS and HEPS of 15.8 cents
reported in the interim period (1 March 2015 – 30 September 2015).

Furthermore, the expected HEPS for the year ended 31 March 2016 of between 38.5 cents and 42.3 cents
reflects an increase of between 56% and 71% compared to 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).

EBITDA for the year ended 31 March 2016 is expected to be between R43 million and R50 million, reflecting
an increase of between 23% and 42% compared to the R35.1 million EBITDA for the year ended 31 March
2015 (excluding non-recurring impairments and provisions).

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
21 April 2016

Sponsor
Merchantec Capital

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