Results of general meeting regarding the disposal of Electrical Manufacturers (the "Disposal") 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”) RESULTS OF GENERAL MEETING REGARDING THE DISPOSAL OF ELECTRICAL MANUFACTURERS (“THE DISPOSAL”) Shareholders are referred to the posting of circular announcement released on SENS on 19 December 2019 and are hereby advised that at the general meeting of shareholders of the company held on Tuesday, 21 January 2020, all the proposed ordinary and special resolutions, as set out in the notice of general meeting contained in the Circular which was posted to shareholders on 19 December 2019, were passed by the requisite majority of shareholders present and voting, in person or by proxy. Details of the results of voting at the annual general meeting are as follows: - Total number of issued ordinary shares: 229 319 191 - Total number of issued ordinary shares net of treasury shares (“Total Votable Ordinary Shares”): 224 237 409 - Total number of issued ordinary shares which were present/represented at the annual general meeting: 143 880 297 being 64.l6% of the Total Votable Ordinary Shares. Ordinary resolution number 1: Approval of the Disposal Transaction For (1) Against (1) Abstentions (2) Shares voted (3) 142 888 867 0 being 0% 991 430 being 142 888 867 being 100% 0.44% being 63.72% Ordinary resolution number 2: Authorisation to implement Ordinary Resolution number 1 For (1) Against (1) Abstentions (2) Shares voted (3) 142 888 867 0 being 0% 991 430 being 142 888 867 being 100% 0.44% being 63.72% Special resolution number 1: Approval of non-executive director’s fees For (1) Against (1) Abstentions (2) Shares voted (3) 142 848 767 100 being 0% 1 031 430 being 142 848 867 being 100% 0.46% being 63.70% Notes: (1) The votes carried for and against each individual resolution are disclosed as a percentage in relation to the total number of ordinary shares voted (whether in person or by proxy) in respect of such individual resolution at the annual general meeting. (2)The total number of ordinary shares abstained in respect of each individual resolution (whether in person or by proxy) is disclosed as a percentage in relation to the Total Votable Ordinary Shares. (3) The total number of ordinary shares voted (whether in person or by proxy) at the annual general meeting in respect of each individual resolution is disclosed as a percentage in relation to the Total Votable Ordinary Shares. Midrand 22 January 2020 Sponsor: Grindrod Bank Limited Date: 22-01-2020 12:20:00 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.