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 Period under review Against continued challenging market conditions, Jasco pleasingly met its commitment to improve its profitability compared to the immediately preceding six-month period to June 2018 and to the comparative six-month period to December 2017. Jasco therefore advises that it expects: • Revenue growth for the six months to 31 December 2018 to be between 3,0% and 4,0% higher than the R555,5 million (between R574.9 million and R577.7 million)for the six months to 31 December 2017; • Earnings per share (“EPS”) to be between 138% and 148% higher (between 1,12 cents and 1,41 cents per share) compared to the 2,90 cents loss per share for the six months to 31 December 2017; and • Headline earnings per share (“HEPS”) to be between 243% and 253% higher (between 1,28 cents and 1,36 cents per share) than the 0,89 cents loss per share for the six months to 31 December 2017. The difference between earnings and headline earnings growth relates to the disposal of fixed assets and is not material. The weighted average number of shares in issue for the period was slightly up from 226 777 629 to 228 659 782 due to a reduction in the number of treasury shares. This did not have a meaningful impact on the results. No shares have been issued since the previous financial year ended 30 June 2018. The key features of the performance in the last six months are outlined below: • ICT revenue and profit performance increased due to higher spend in the telecommunications sector, a good performance from the Channel business and the first six-month contribution to revenue and operating profit from RAMM Technologies; • Security & Fire’s revenue was flat and the profit performance declined due to a lack of projects from its major customers; • Power & Renewables’ revenue declined following delays in securing new projects in the group’s renewed focus on photo- voltaic solutions targeted at the high electricity tariff user market. However, the profit performance improved due to a cost restructure undertaken in 2018; and • Electrical Manufacturers’ revenue and profit decreased due to a lack of volumes from its major customer during the first quarter. Conclusion Despite the uncertain economic outlook for 2019, Jasco will continue its focus on improving profitability through its strategy of targeting higher-margin revenue, as well as reducing costs. The information in this 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 2018 will be announced on or about 12 April 2019. Midrand 9 April 2019 Sponsor Grindrod Bank Limited Date: 09/04/2019 01:20:00 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.