ALARIS HOLDINGS LIMITED - Update on Impact of COVID 19

Update on Impact of COVID 19

ALARIS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1997/011142/06)
Share code: ALH
ISIN: ZAE000201554
(“Alaris” or “the Company” or “Group”)


ALARIS HOLDINGS LIMITED UPDATE ON IMPACT OF COVID 19


Shareholders are advised of the Company’s response to the COVID-19 pandemic.

Alaris is a Radio Frequency technology holding company that owns companies across the
globe. The Group operates in 3 different countries:

Alaris Antennas       – South Africa
COJOT                 – Finland
mWAVE                 – United States of America
Alaris USA            – United States of America

Group update

All the employees worldwide who could work from home, were encouraged to work from home.
For the staff that came to the office, the health and safety guidelines published by the
Governments for each country, were applied.
As mentioned in the interim results in March 2020, the Alaris Group has adequate cash
available in the bank to weather the Covid-19 storm. Group management is also looking into
relief packages available per country and is applying for assistance, where possible.


Update on operations in South Africa

Alaris Antennas was under lock down from 27 March to 16 April during which time no
manufacturing was possible. All other departments i.e. sales and engineering were operating
from home quite successfully. On 17 April 2020 a permit to operate as essential services was
obtained and manufacturing was slowly ramped up over the subsequent weeks. Additional
hours are being worked to catch up on the backlog of work created as a result of the lock
down. All staff members who can work from home, are still encouraged to continue doing so.
Although it is a privilege to be able to manufacture again, our staff’s health remains a key
concern.

Update on operations in Finland

There was no lockdown implemented in Finland. COJOT was able to continue operations as
normal. All the contract manufacturers continued as normal. It appears that the lifting of
restrictions has commenced in Finland, as schools started to open and travel is permitted
within the EU.

Update on operations in the United States of America

In the State of Maine where mWAVE and Alaris USA trade from, all public facing businesses
had to close for 2 weeks, as well as non-essential businesses that require ten people or more
to be in a space where physical distancing is not practical. mWAVE and Alaris USA are not
public facing and have been defined as essential. In addition, it is practical for mWave’s staff
to follow physical distancing at the premises. Only the manufacturing staff came in and health
and safety measures were put in place for the staff on the floor.


Centurion
20 May 2020

Designated Adviser
PSG Capital

Date: 20-05-2020 08:21:00
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