Declaration of Special Cash Dividend 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”) DECLARATION OF SPECIAL CASH DIVIDEND Shareholders are referred to the joint Firm Intention Announcement released on SENS on 11 August 2016 and the circular distributed to shareholders on 14 September 2016 (“Circular”). Terms defined in the Circular shall apply to this announcement unless otherwise stated. Shareholders are advised that the total proceeds received by Amecor in terms of the Secequip Loan for the six months from 1 April 2016 to 30 September 2016 amounts to R3 000 000. As provided for in the Firm Intention Offer, the Amecor Board has resolved to return the total proceeds mentioned above to shareholders by way of a special dividend. Accordingly, shareholders are hereby advised that the Amecor Board has declared a gross special dividend of 3.84688 cents per ordinary share (“the Special Dividend”) payable to ordinary shareholders on Monday, 24 October 2016. The Company has obtained the relevant South African Reserve Bank approval in respect of the Special Dividend. The Special Dividend will be payable from income reserves. The current local Dividend Withholding Tax (“DWT”) rate is 15%. The gross local dividend amount is 3.84688 cents per share for shareholders exempt from paying DWT whilst the net local dividend payable is 3.26985 cents per share for shareholders liable to pay DWT. The issued share capital of Amecor is 77 985 337 shares. The Amecor Board has reasonably concluded that the Company will satisfy the solvency and liquidity test immediately after distribution of the Special Dividend and for the next 12 months. Amecor’s income tax reference number is 9381/483/84/2. The proposed salient dates are as follows: Declaration date Monday, 3 October 2016 Last date to trade to participate Tuesday, 18 October 2016 Trading commences ex dividend Wednesday, 19 October 2016 Record date Friday, 21 October 2016 Date of payment Monday, 24 October 2016 Share certificates may not be dematerialised or rematerialised between Wednesday, 19 October 2016 and Friday, 21 October 2016, both days inclusive. Johannesburg 3 October 2016 Sponsor Merchantec Capital Date: 03/10/2016 05:19:00 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.