Changes to Executive Directors 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”) CHANGES TO EXECUTIVE DIRECTORS The board of Jasco is pleased to announce that Warren Prinsloo, who has been the company’s group Chief Financial Officer (“CFO”) for the last 15 years, will be appointed as the new Chief Executive Officer (CEO) with effect from 1 March 2021. He will replace the interim CEO, Pete da Silva. As committed to the market, Pete stepped in as interim CEO to ensure stability to the group following the resignation of the previous CEO nine months ago. Pete will resume his role as alternate non-executive director to the Deputy Chairman. Liska Prigge, a former divisional Financial Director within Jasco ICT-Enterprise, will take over from Warren as CFO with effect from 1 March 2021. Liska is a CA(SA) who completed her articles at Ernst & Young in 2005 and was promoted to a managerial position in 2006. She joined Jasco as the Group Finance Executive in July 2007 where she worked closely with the CFO, before being promoted to the position of the divisional Financial Director in 2017. Warren is also currently filling the role of Company Secretary. The company has engaged with external service providers in this regard and will announce the appointment of the new Company Secretary in due course. The Board congratulates Warren and Liska and is confident that they have the required blend of experience, skills and expertise to deliver on the group’s business plan and strategic objectives to ensure the group’s continuity and success. The Board also thanks Pete for stepping in during the height of the COVID-19 crisis in 2020, for leading the management team as the government’s lockdown levels eased, and for steering the group to stability. Midrand 11 February 2021 Sponsor Grindrod Bank Limited Date: 11-02-2021 03:00:00 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.