Update: December 2018 interim results announcement and Reflex Solutions (Proprietary) Limited dispute 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”) Update: December 2018 interim results announcement and Reflex Solutions (Proprietary) Limited dispute Shareholders are referred to the SENS announcement on 8 February 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 hearing dates initially scheduled for 14 and 15 March were utilised by the arbitrator for an interlocutory hearing. The interlocutory hearing was a pre-requisite for the actual hearing and deemed necessary by the arbitrator to resolve a specific procedural issue ahead of hearing the dispute. The arbitration process will now continue on 4 and 5 April 2019 for the dispute to be heard. Due to the dispute, Jasco has not been in possession of Reflex Solutions’ financial information for period ending December 2018 (“Reporting Period”) and as Reflex Solutions is a material subsidiary of the group, Jasco was unable to publish the group’s interim results for the Reporting Period until the arbitration was concluded. The parties have, however, reached an amicable solution regarding the provision of Reflex’ financial information for the Reporting Period in order to proceed with the release of the interim results of the group ahead of the conclusion of the arbitration proceedings. Jasco therefore anticipates publishing the group’s December 2018 interim results in mid-April 2019 following the inclusion of the Reflex financial results into the consolidated group interim results for the Reporting Period. Further updates will be provided as the arbitration process progresses and the parties reach a conclusion to the dispute. Midrand 29 March 2019 Sponsor: Grindrod Bank Limited Date: 29/03/2019 02:46:00 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.