Voluntary 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”) VOLUNTARY TRADING STATEMENT Introduction Shareholders are referred to the Board’s prospects statement in the June 2016 results released on the Stock Exchange News Service (“SENS”) on 26 September 2016, where our guidance was that the challenging economic climate in 2016 was expected to prevail throughout 2017, with the volatile exchange rate continuing to impact the group negatively. In spite of the difficult economic conditions in South Africa and the negative impact of the rate of exchange during the period, Jasco’s first half performance was pleasing, with the benefit of focusing on improving margins rather than revenue growth evident in the results. Period under review Jasco therefore advises that, for the six months ended 31 December 2016, the company expects: - Revenue growth for the six months to 31 December 2016 to be between 5,5% and 7,5% lower than the previous corresponding period - Earnings per share (“EPS”) to be between 4,5% and 14,5% higher (between 5,99 cents and 6,57 cents per share) compared to the 5,73 cents per share for the previous corresponding period, - Headline earnings per share (“HEPS”) to be between 5,5% and 15,5% higher (between 6,05 cents and 6,63 cents per share) than the 5,74 cents per share for the previous corresponding period. The weighted average number of shares in issue for the period was up slightly from 224 190 191 to 224 615 505 and had no material dilutionary impact. No shares have been issued since the previous financial year ended 30 June 2016. M-TEC sale The group sold its 51% shareholding in its associate, M-TEC, as disclosed to shareholders previously in 2016. The receipt of the proceeds from the sale was accelerated as announced on SENS on 2 November 2016. These proceeds were utilised to repay long term debt and consequently to reduce the group’s gearing ratio. Conclusion As committed, Jasco has shown an improvement in its profitability compared to the previous corresponding period, and delivered a much improved performance when compared to the immediately preceding six-month period to June 2016. Although the economic outlook for 2017 remains uncertain, Jasco is well positioned to continue improving profitability. The group now has lower levels of debt, all businesses are contributing to profits and it has good cash generation. The information in this voluntary trading statement has not been reviewed or reported on by the company’s external auditors. Jasco’s unaudited interim results for the six months ended 31 December 2016 will be announced on 14 February 2017. Midrand 31 January 2017 Sponsor Grindrod Bank Limited Date: 31/01/2017 03:45:00 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.