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Jasco Electronics Holdings Limited - Change In Auditor

Release Date: 16/04/2018 14:15
Code(s): JSC
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Change in Auditor

(Incorporated in the Republic of South Africa)
(Registration Number: 1987/003293/06)
Share Code: JSC               
ISIN: ZAE000003794
("Jasco" or “the Group”)


Shareholders are advised in terms of paragraph 3.78 of the JSE Listings Requirements
that PwC Inc. (“PwC”) have been appointed as external auditors, with Mr Brett
Humphreys as designated audit partner for the current financial year ending 30 June
2018, replacing Ernst & Young Incorporated with immediate effect.

The change in audit firm was initiated by the Company and is due to the impending
mandatory audit firm rotation. As such, the Company requested proposals for the 2018
audit of the Company from other audit firms. The Audit and Risk Committee of the
Company concluded that the services of EY as auditors should be terminated in order to
align with the budget which the Company had set aside for audit services.

16 April 2018

Grindrod Bank

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