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”) TRADING STATEMENT Jasco’s financial year to 30 June 2022 continued to be extremely challenging, with a number of external factors impacting the group’s turnaround efforts. The group was faced with social unrest in mainly KwaZulu-Natal in July 2021, the national NUMSA strikes in October 2021, a three-month plant level strike in 2022 at its Manufacturing business, ongoing international supply chain disruptions and product shortages, as well as continued Eskom load shedding. These factors substantially affected the current financial year’s performance and resulted in a loss-making position following pleasing operating profit and earnings improvements for the comparative financial year and the 2022 interim results. In addition to managing the effects of these external factors, the team continued with corrective action to restore stability to the organisation and ensure consistent profitability. These actions included: • Continued customer diversification and new product offerings across the businesses, whilst maintaining tight cost control; • Optimising its portfolio with the disposal of Jasco Property Solutions in May 2022; • A rights issue during the year and related debt reductions; • The acquisition of the Midrand Head Office property by Jasco’s major shareholder, Community Investment Holdings Proprietary Limited, and the renegotiation of a new lease agreement (approved by shareholders on 15 September 2022); and • Corrective action in the loss-making Security & Fire business which included extensive changes to the divisional management in July and August 2022. For the year ended 30 June 2022, the group expects: • An earnings per share (“EPS”) loss of -5.9 cents earnings per share compared to a 2.9 cents profit per share for the previous corresponding period (an expected decrease in excess of 100%). • A headline earnings per share (“HEPS”) loss of -6.4 cents per share, compared to the -0.6 cents loss per share for the previous corresponding period (an expected decrease in excess of 100%). The weighted average number of shares in issue for the period of 278 561 061 increased following the rights issue of 138 125 525 shares in February 2022. The information in this trading statement has not been reviewed or reported on by the company’s external auditors. Jasco’s audited annual results for the year ended 30 June 2022 will be announced before the end of October. Midrand 30 September 2022 Sponsor Grindrod Bank Limited Date: 30-09-2022 04:30:00 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.