Update to audited results for the year ended 30 June 2019 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”) UPDATE TO THE AUDITED RESULTS FOR THE YEAR ENDED 30 JUNE 2019 AND SUBSEQUENT EVENTS. Shareholders are referred to announcement released on SENS on Friday, 11 October 2019, regarding the audited results for the year ended 30 June 2019 and are advised that the below headline earnings reconciliation and summarised segmental report was omitted from the announcement. The Integrated Annual Report, including the audited annual financial statements for the year ended 30 June 2019, containing the below information as well as the updated full audited results for the year ended 30 June 2019 announcement, is available on the company’s website: www.jasco.co.za, as advised in the announcement dated Friday, 11 October 2019. Jasco Electronics Holdings Limited Summarised Consolidated Statement of Comprehensive Income 2019 2018 Reconciliation of headline earnings Net earnings attributable to equity holders of the parent (29 135) (7 665) Headline earnings adjustments 4 965 4 246 - Profit on disposal of subsidiary (East Africa) - (206) - Impairment of goodwill 4 569 4 517 - net after-tax loss/(profit) on disposal of fixed assets 397 (65) Headline earnings (24 169) (3 419) Number of shares in issue ('000) 229 319 229 319 Treasury shares ('000) 3 039 250 Weighted average number of shares on which earnings per share is calculated ('000) 226 281 229 069 Dilutive shares - dilutive shares and options ('000) - 373 Weighted average number of shares on which diluted earnings per share is calculated ('000) 226 281 229 442 Ratio analysis Attributable earnings (R'000) (29 135) (7 665) EBITDA (R'000) 54 821 75 525 Earnings per share (cents) (12,9) (3,3) Diluted earnings per share (cents) (12,9) (3,3) Headline earnings per share (cents) (10,7) (1,5) Diluted headline earnings per share (cents) (10,7) (1,5) Net asset value per share (cents) 65,1 77,4 Net tangible asset value per share (cents) 0,8 10,0 Debt:Equity (%) 81,4 56,5 Interest cover (times) 0,7 2,0 EBITDA interest cover (times) 2,6 3,7 Summarised segmental report 30 June 2019 30 June 2018 12 months 12 months Audited Audited Income and expenses Revenue Operating Revenue Operating profit/ profit/ (R’000) (loss) (loss) ICT - Carrier 342 747 43 022 348 738 53 093 ICT – Enterprise 535 145 54 738 536 344 49 431 Security and Fire 65 762 (9 530) 57 081 (11 477) Power and Renewables 9 633 (4 466) 11 569 (10 289) Electrical Manufacturers 196 641 9 575 203 530 13 158 Sub-Total Operating divisions 1 149 928 93 339 1 157 262 93 946 Other 610 95 804) 79 (41 454) Adjustments (13 138) 13 814 (10 258) (12 099) Total 1 137 355 11 349 1 147 083 40 393 Financial position Assets Liabilities Assets Liabilities (R’000) ICT - Carrier 112 877 30 294 152 832 48 749 ICT – Enterprise 177 467 94 746 192 496 125 161 Security and Fire 32 478 17 795 33 734 18 165 Power and Renewables 3 781 350 6 586 1 854 Electrical Manufacturers 100 111 23 261 95 608 22 877 Sub-Total Operating divisions 426 714 166 446 481 256 216 806 Other 179 349 238 772 167 215 320 078 Adjustments 51 963 76 272 77 577 (15 055) Total 658 026 481 490 726 048 521 829 Midrand 14 October 2019 Sponsor Grindrod Bank Limited Date: 14/10/2019 05:30:00 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.