JASCO ELECTRONICS HOLDINGS LIMITED - CHANGE IN AUDITOR

CHANGE IN AUDITOR

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”)


CHANGE IN AUDITOR


Shareholders are advised in terms of paragraph 3.78 of the JSE Listings Requirements
that Mazars Inc. (“Mazars”) have been appointed as external auditors, with Mr Miles
Fisher as designated audit partner for the current financial year ending 30 June 2020,
replacing PwC Incorporated with immediate effect.

The change in audit firm was initiated by the Company and is due to the restructure of
the group and related overhead cost base. As such, the Company requested proposals
for the 2020 audit of the Company from other audit firms. The Audit and Risk Committee
of the Company concluded that the services of PwC as auditors should be terminated
in order to align with the restructuring of the group and the budget which the
Company had set aside for audit services.

17 June 2020
Midrand

Sponsor
Grindrod Bank

Date: 17-06-2020 05:00:00
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.