Outcome of arbitration process regarding the dispute with the minority shareholders of Reflex Solutions JASCO ELECTRONICS HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration Number: 1987/003293/06) Share Code: JSC ISIN: ZAE000003794 ("Jasco" or “the group”) Outcome of arbitration process regarding the dispute with the minority shareholders of Reflex Solutions Proprietary Limited Shareholders are referred to the SENS announcements on 8 February 2019 and 29 March 2019 when it was disclosed that Jasco, as the majority shareholder in Reflex Solutions Proprietary Limited (“Reflex Solutions”), and the minority shareholders of Reflex Solutions are in a dispute. The dispute involves the validity of the cancellation by the minority shareholders of the sale of shares and shareholders’ agreements entered into between Jasco and Reflex Solutions in 2017. Shareholders are advised that the arbitration process concluded on 17 July 2019. The arbitrator found in favor of Jasco and ruled that the cancellation by the minority shareholders of the sale of shares and shareholders' agreement was invalid and that the agreements entered into between Jasco, the minority shareholders and Reflex Solutions in 2017, as well as Jasco’s majority interest in Reflex Solutions remain in full force and effect. The time period for either party to appeal the arbitration award expires on 31 July 2019. Midrand 19 July 2019 Sponsor: Grindrod Bank Limited Date: 19/07/2019 08:43:00 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.
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