Retirement of founding member and non-executive director JASCO ELECTRONICS HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration Number: 1987/003293/06) Share Code: JSC ISIN: ZAE000003794 ("Jasco" or “the group”) Retirement of founding member and non-executive director In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, shareholders are hereby advised that, after 40 years of service and dedication, Sir John Alfred Sherry, founding member and non-executive director of Jasco is retiring, with effect from 13 September 2016. Sir Sherry will be emigrating permanently to Malta. His involvement within the Group is not entirely over as he will be consulting to Jasco, with a focus on expanding the business to the Middle East and North Africa. Sir Sherry founded Jasco in 1976 and served as Chairman until 1998. He was appointed non-executive director in 1998 and was honoured for his humanitarian deeds when he was knighted in Malta in 1998. He was granted the title of Chevalier. Pete da Silva, Chief Executive Officer of Jasco: “I would like to thank Sir John for his guidance, contribution to the success of the business and his involvement in the company over the last 40 years. We wish him every success with his new role of growing the business and expanding its footprint and opportunities.” Midrand 14 September 2016 Sponsor: Grindrod Bank Limited Date: 14/09/2016 11:15:00 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.