31 October 2016

Amalgamated Electronic Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/010036/06)
Share code: AER ISIN: ZAE 000070587
(“Amecor” or “the Company”)

Stellar Capital Partners Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/015580/06)
Share code: SCP ISIN: ZAE ZAE000198586
(“Stellar Capital”)

RESULTS OF SHAREHOLDERS' ELECTION FOR CASH AND/OR SHARE CONSIDERATION IN TERMS OF THE SCHEME

Shareholders are referred to the Circular issued on 14 September 2016. Terms defined therein shall, unless otherwise stated, bear the same meaning in this announcement.

Amecor Shareholders are advised that Scheme Participants holding a total of 67 432 638 Amecor Shares elected to receive the Cash Consideration and Scheme Participants holding a total of 2 997 763 Amecor Shares elected to receive the Share Consideration.

In terms of the Scheme, Stellar Capital will issue a total number of 5 995 526 Stellar Capital shares to Amecor Shareholders in respect of the Share Consideration and will pay R256 244 024 to Amecor Shareholders in respect of the Cash Consideration. In addition, Stellar Capital will pay R1 000 111.69 interest to Scheme Participants in cash in respect of the Upward Cash Adjustment.

Cape Town and Johannesburg

31 October 2016

Financial adviser and sponsor to Stellar Capital
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Corporate adviser and sponsor to Amecor
Merchantec Capital

25 October 2016

Amalgamated Electronic Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/010036/06)
Share code: AER ISIN: ZAE 000070587
(“Amecor” or “the Company”)

Stellar Capital Partners Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/015580/06)
Share code: SCP ISIN: ZAE ZAE000198586
(“Stellar Capital”)

CONFIRMATION OF INTEREST RELATING TO UPWARD CASH ADJUSTMENT

Shareholders are referred to the Circular issued on 14 September 2016 and the Finalisation Announcement released on the Stock Exchange News Service ("SENS") on 13 October 2016. Terms defined therein shall, unless otherwise stated, bear the same meaning in this announcement.

Shareholders are reminded that the Upward Cash Adjustment on the Scheme Consideration will be paid to Shareholders, registered on the Scheme Record Date being 28 October 2016, on the Operative Date of the Scheme being 31 October 2016. The Upward Cash Adjustment is calculated at the Prime Rate per annum of 10.5% which equates to an amount of R 0.0142 payable per Amecor share.

25 October 2016

Financial adviser and sponsor to Stellar Capital
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Corporate adviser and sponsor to Amecor
Merchantec Capital

21 October 2016

Amalgamated Electronic Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/010036/06)
Share code: AER ISIN: ZAE 000070587
(“Amecor” or “the Company”)

Stellar Capital Partners Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/015580/06)
Share code: SCP ISIN: ZAE ZAE000198586
(“Stellar Capital”)

DETAILS RELATING TO PAYMENT OF UPWARD CASH ADJUSTMENT

Shareholders are referred to the Circular released on 14 September 2016 and the Finalisation Announcement released on the Stock Exchange News Service ("SENS") on 13 October 2016. Terms defined therein shall, unless otherwise stated, bear the same meaning in this announcement.

Amecor shareholders are reminded that an Upward Cash Adjustment, being the interest payable on the Scheme Consideration calculated at the Prime Rate per annum from 1 October 2016 to 14 October 2016 as recorded in the Circular, is payable to Scheme Participants.

The Upward Cash Adjustment will be paid on 31 October 2016 to Scheme Participants recorded in the Register on the Scheme Record Date (being Friday 28 October 2016) and not within five Business Days of the date on which the Scheme becomes unconditional as stated in the Circular, as Scheme Participants will not yet be recorded on the Register as at that date.

21 October 2016

Financial adviser and sponsor to Stellar Capital
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Corporate adviser and sponsor to Amecor
Merchantec Capital

13 October 2016

Amalgamated Electronic Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/010036/06)
Share code: AER ISIN: ZAE 000070587
(“Amecor” or “the Company”)

Stellar Capital Partners Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/015580/06)
Share code: SCP ISIN: ZAE ZAE000198586
(“Stellar Capital”)

FINALISATION ANNOUNCEMENT

Shareholders are referred to the joint Firm Intention Announcement released on the Stock Exchange News Service ("SENS") on 11 August 2016 (and using the terms defined therein unless otherwise stated) in which Shareholders were informed that Stellar Capital or its Nominee, had made an offer to acquire all the shares in Amecor (excluding the right to receive the Secequip Distributions) for the Scheme Consideration.

Shareholders are advised that at the Scheme meeting held on 12 October 2016, all the requisite resolutions necessary to implement the Scheme were passed. Shareholders are further advised that all outstanding conditions precedent to implementation of the Scheme have now been fulfilled including:

-Receipt from the Takeover Regulation Panel of a compliance certificate in terms of section 119(4)(b) of the Companies Act; and

-Receipt from the Competition Tribunal of approval for the implementation of the Scheme

In light of the fact that 100% of the votes which were voted at the Scheme meeting were in favour of the Scheme, the previous dates and times set out in the Circular and the announcement released on SENS on 16 September 2016, making timing provision for dissenting shareholders to exercise their rights in terms of Section 115(3) and section 164(4) of the Companies Act 71 of 2008, as amended, are no longer applicable. Accordingly the timetable has been adjusted and the dates brought forward to allow for early implementation of the Scheme, as per the times and dates set out below:

Item 2016
Results announcement released on SENS Wednesday, 12 October
Finalisation announcement released on SENS Thursday, 13 October
Finalisation announcement to be published in the South African press Friday, 14 October
Last day to trade in Amecor shares in order to be recorded in the Register on the Scheme Record Date (Scheme Last Day to Trade) Wednesday, 26 October
Election period for the Scheme closes at 12h00 on (see note 3 below) Friday, 28 October
Scheme Record Date on which Shareholders must be recorded in the Register to receive the Scheme Consideration based on the elections made by the Scheme Participants Friday, 28 October
Operative Date of the Scheme Monday, 31 October
Scheme Consideration will be settled to Certificated Shareholders who have lodged their Form of Election, Surrender and Transfers (pink) with the Transfer Secretary on or prior to 12:00 on the Scheme Record Date on or about Monday, 31 October
Dematerialised Scheme Participants to have their accounts with their CSDP or broker credited with the Scheme Consideration on or about Monday, 31 October
Termination of listing of Amecor shares at commencement of trade on the JSE Tuesday, 1 November

Notes

1. All times indicated in this announcement are local times in South Africa.

2. Share certificates may not be dematerialised or rematerialised after the Scheme Last Day to Trade.

3. Dematerialised Shareholders are required to notify their duly appointed CSDP or broker of their election in accordance with the custody agreement entered into between them and their CSDP or broker in the manner and time stipulated therein. The CSDP or broker must, in turn, make the election on such Dematerialised Shareholder's behalf, by no later than the designated date and time set out above, as to the form of the Scheme Consideration selected. Certificated Shareholders are required to have completed the attached Form of Election, Surrender and Transfer (pink) in accordance with its instructions and returned it, together with the relevant Documents of Title, to the Transfer Secretaries, to be received by no later than the designated time and date set out above.

Shareholders should note that as transactions in Amecor shares are settled in the electronic settlement system used by Strate, settlement of trades takes place three Business Days after such trade. Therefore persons who acquire Amecor shares on or prior to the Scheme Last Day to Trade (25 October 2016), will participate in the Scheme (i.e. sell their Amecor shares to Stellar Capital, or its nominee in accordance with the Scheme for the Scheme Consideration)

13 October 2016

Sponsor

Merchantec Capital

3 October 2016

Amalgamated Electronic Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/010036/06)
Share code: AER ISIN: ZAE 000070587
(“Amecor” or “the Company”)

Stellar Capital Partners Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/015580/06)
Share code: SCP ISIN: ZAE ZAE000198586
(“Stellar Capital”)

RESULTS OF SCHEME MEETING

Further to the announcements released on SENS on 14 September 2016 and 16 September 2016 (and using the terms defined therein unless otherwise stated), shareholders are advised that, at the Scheme Meeting of Amecor held today, convened in terms of the notice of Scheme Meeting to shareholders dated 14 September 2016, the resolutions to approve, inter alia, the Scheme proposed by the Board between Amecor and its Shareholders in terms of which Stellar Capital, or its nominee, will acquire all the Scheme Shares for the Scheme Consideration, were passed by the requisite majority of shareholders.

The number of shares voted in person or by proxy was 67 640 194, representing 86.74% of the total issued share capital of the same class of Amecor shares.

The number of shares which abstained from voting was 1 158, representing 0.001% of the total issued share capital of the same class of Amecor shares.

The resolutions proposed at the Scheme Meeting, together with the percentage of votes carried for and against each resolution, are set out below:

Resolution % of votes carried for the resolution % of votes against the resolution
Special Resolution Number 1: Approval of the Scheme 100 -
Special Resolution Number 2: Revocation of Special Resolution Number 1 if Scheme lapses and is not continued 100 -
Ordinary Resolution Number 1: Authorisation of directors 100 -

3 October 2016

Sponsor

Merchantec Capital

3 October 2016

Amalgamated Electronic Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/010036/06)
Share code: AER ISIN: ZAE 000070587
(“Amecor” or “the Company”)

DECLARATION OF SPECIAL CASH DIVIDEND

Shareholders are referred to the joint Firm Intention Announcement released on SENS on 11 August 2016 and the circular distributed to shareholders on 14 September 2016 ("Circular"). Terms defined in the Circular shall apply to this announcement unless otherwise stated.

Shareholders are advised that the total proceeds received by Amecor in terms of the Secequip Loan for the six months from 1 April 2016 to 30 September 2016 amounts to R3 000 000. As provided for in the Firm Intention Offer, the Amecor Board has resolved to return the total proceeds mentioned above to shareholders by way of a special dividend.

Accordingly, shareholders are hereby advised that the Amecor Board has declared a gross special dividend of 3.84688 cents per ordinary share ("the Special Dividend") payable to ordinary shareholders on Monday, 24 October 2016. The Company has obtained the relevant South African Reserve Bank approval in respect of the Special Dividend.

The Special Dividend will be payable from income reserves. The current local Dividend Withholding Tax ("DWT") rate is 15%. The gross local dividend amount is 3.84688 cents per share for shareholders exempt from paying DWT whilst the net local dividend payable is 3.26985 cents per share for shareholders liable to pay DWT. The issued share capital of Amecor is 77 985 337 shares. The Amecor Board has reasonably concluded that the Company will satisfy the solvency and liquidity test immediately after distribution of the Special Dividend and for the next 12 months. Amecor's income tax reference number is 9381/483/84/2.

The proposed salient dates are as follows:

Declaration date Monday, 3 October 2016
Last date to trade to participate Tuesday, 18 October 2016
Trading commences ex dividend Wednesday, 19 October 2016
Record date Friday, 21 October 2016
Date of payment Monday, 24 October 2016

Sponsor

Merchantec Capital

22 September 2016

Amalgamated Electronic Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/010036/06)
Share code: AER ISIN: ZAE 000070587
(“Amecor” or “the Company”)

NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING

Shareholders are advised that the integrated annual report for the year ended 31 March 2016, was dispatched to shareholders today, 22 September 2016 and contains no modifications to the Condensed Consolidated Audited Results published on SENS on 27 May 2016.

Notice is hereby given that the annual general meeting of shareholders of Amecor will be held at 09:00 on Thursday, 9 February 2017 at the offices of Merchantec Capital, 2nd floor, North Block, Hyde Park Office Tower, Corner 6th Road and Jan Smuts Avenue, Hyde Park, Johannesburg to transact the business stated in the notice of the annual general meeting, which is contained in the integrated annual report.

The board of directors of the Company determined that, in terms of section 62(3)(a), as read with section 59 of the Companies Act, 2008 (Act 71 of 2008), the record date for the purposes of determining which shareholders of the Company are entitled to participate in and vote at the annual general meeting is Friday, 3 February 2017. Accordingly, the last day to trade Amecor shares in order to be recorded in the Register to be entitled to vote will be Tuesday, 31 January 2017.

22 September 2016

Sponsor

Merchantec Capital

16 September 2016

Amalgamated Electronic Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/010036/06)
Share code: AER ISIN: ZAE 000070587
(“Amecor” or “the Company”)

Stellar Capital Partners Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/015580/06)
Share code: SCP ISIN: ZAE ZAE000198586
(“Stellar Capital”)

UPDATE TO THE SALIENT DATES IN RESPECT OF THE SCHEME

Further to the "Posting of Combined Offer Circular to Amecor Shareholders and Notice of Scheme Meeting" announcement released on the Stock Exchange News Service ("SENS") on 14 September 2016, shareholders of Amecor ("Shareholders") and Stellar Capital are advised that the expected timetable of all salient dates pertaining to the Scheme, as contained in the Circular, is set out in the table below.

Item 2016
Record date for Shareholders to be recorded in the Register in order to be entitled to receive the Circular Friday, 9 September
Posting of the Circular to Shareholders and notice of Scheme meeting released on SENS Wednesday, 14 September
Notice convening Scheme Meeting published in the South African press Thursday, 15 September
Last day to trade in Amecor shares in order to be recorded in the Register on the Voting Record Date Tuesday, 4 October
Voting Record Date for Shareholders to be recorded in the Register in order to be eligible to vote at the Scheme Meeting Friday, 7 October
Forms of Proxy to be received by the Transfer Secretaries by 10:00 on Monday, 10 October
Last date and time for Shareholders to give notice to Amecor objecting to the Scheme Meeting in terms of section 164 of the Companies Act by 10:00 on Wednesday, 12 October
Scheme Meeting to be held at 10:00 on Wednesday, 12 October
Results of Scheme Meeting released on SENS Wednesday, 12 October
Results of Scheme Meeting published in the South African press Thursday, 13 October
If the Scheme is approved by Shareholders at the Scheme Meeting Last day for the Shareholders who voted against the Scheme to require Amecor to seek court approval for the Scheme in terms of section 115(3)(a) of the Companies Act, if at least 15% of the total votes of Shareholders at the Scheme Meeting were exercised against the Scheme Wednesday, 19 October
Last day for Amecor to send notice of adoption of Special Resolution to Dissenting Shareholders, in accordance with section 164(4) of the Companies Act Wednesday, 26 October
Last day for a Shareholder who voted against the Scheme to apply to court for leave to apply to court for a review of the Scheme in terms of section 115(3)(b) of the Companies Act Wednesday, 26 October
The following dates assume that no court approval or review of the Scheme is required and will be confirmed in the finalisation announcement if the Scheme becomes unconditional:
Finalisation announcement expected to be released on SENS Tuesday, 1 November
Finalisation announcement expected to be published in the South African press Wednesday, 2 November
Expected last day to trade in Amecor shares in order to be recorded in the Register on the Scheme Record Date (Scheme Last Day to Trade) Tuesday, 8 November
Expected date of suspension of listing of Amecor shares on the JSE Wednesday, 9 November
Election period for the Scheme closes at 12h00 on (see note 6 below) Friday, 11 November
Expected Scheme Record Date on which Shareholders must be recorded in the Register to receive the Scheme Consideration based on the elections made by the Scheme Participants Friday, 11 November
Expected Operative Date of the Scheme Monday, 14 November
Scheme Consideration will be sent by EFT or by cheque to Certificated Shareholders who have lodged their Form of Election, Surrender and Transfers (pink) with the Transfer Secretary on or prior to 12:00 on the Scheme Record Date on or about Monday, 14 November
Dematerialised Scheme Participants expected to have their accounts with their CSDP or broker credited with the Scheme Consideration on or about Monday, 14 November
Expected termination of listing of Amecor shares at commencement of trade on the JSE Tuesday, 15 November

Notes

1. All times indicated in this announcement are local times in South Africa.

2. The dates and times indicated in the table above are subject to change. Any such changes will be released on SENS and in the press.

3. If the Scheme becomes operative, Share certificates may not be dematerialised or rematerialised after the Scheme Last Day to Trade.

4. A Shareholder may submit a Form of Proxy at any time before the commencement of the Scheme Meeting (or any adjournment of the Scheme Meeting) or hand it to the chairman of the Scheme Meeting before the appointed proxy exercises any of the relevant Shareholder's rights at the Scheme Meeting (or any adjournment of the Scheme Meeting), provided that should a Shareholder lodge a Form of Proxy with the Transfer Secretaries less than 48 hours (excluding Saturdays, Sundays and official public holidays) before the Scheme Meeting.

5. If the Scheme Meeting is adjourned or postponed, Forms of Proxy submitted for the initial Scheme Meeting will remain valid in respect of any adjournment or postponement of the Scheme Meeting.

6. Dematerialised Shareholders are required to notify their duly appointed CSDP or broker of their election in accordance with the custody agreement entered into between them and their CSDP or broker in the manner and time stipulated therein. The CSDP or broker must, in turn, make the election on such Dematerialised Shareholder's behalf, by no later than the designated date and time set out above, as to the form of the Scheme Consideration selected. Certificated Shareholders are required to have completed the attached Form of Election, Surrender and Transfer (pink) in accordance with its instructions and returned it, together with the relevant Documents of Title, to the Transfer Secretaries, to be received by no later than the designated time and date set out above.

7. Shareholders should note that as transactions in Amecor shares are settled in the electronic settlement system used by Strate, settlement of trades takes place three Business Days after such trade. Therefore persons who acquire Amecor shares after the Voting Last Day to Trade (i.e. 4 October 2016) will not be eligible to vote at the Scheme Meeting, but will, provided the Scheme is approved and they acquire the Shares on or prior to the Scheme Last Day to Trade (expected to be 8 November 2016), participate in the Scheme (i.e. sell their Amecor shares to Stellar Capital, or its nominee in accordance with the Scheme for the Scheme Consideration)

8. The salient dates and times assume that approval from the Competition Commission is obtained prior to the finalisation announcement on 1 November 2016.

Cape Town and Johannesburg

16 September 2016

Financial adviser and sponsor to Stellar Capital
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Corporate adviser and sponsor to Amecor
Merchantec Capital

14 September 2016
27 July 2016

Amalgamated Electronic Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/010036/06)
Share code: AER ISIN: ZAE 000070587
(“Amecor” or “the Company”)

TRADING STATEMENT

In terms of the Listings Requirements of JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on will differ by more than 20% from that of the previous corresponding period.

Accordingly, a review of the financial results for the six month period ending 30 September 2016 by management has indicated that the earnings per share ("EPS") and the headline earnings per share ("HEPS") are expected to be at least 20.6 cents, reflecting an increase of at least 30%, when compared to the EPS and HEPS of 15.8 cents for the six month period ended 30 September 2015.

A further trading statement will be released once the Company has a greater degree of certainty with regards to its financial results for the period ending 30 September 2016.

The financial information on which this trading statement is based has not been reviewed or reported on by the Company's auditors.

27 July 2016

Sponsor

Merchantec Capital

18 July 2016

Amalgamated Electronic Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/010036/06)
Share code: AER ISIN: ZAE 000070587
(“Amecor” or “the Company”)

RENEWAL OF CAUTIONARY ANNOUNCEMENT

Shareholders are referred to the cautionary announcement released on SENS on 3 June 2016 wherein shareholders were advised that the Company had received a non-binding expression of interest from a third party for the shares in Amecor.

As the Company is still engaging in discussions with the third party, which may have a material effect on the price of the Company's securities, shareholders are advised to continue exercising caution when dealing in the Company's securities, until a further announcement is made.

18 July 2016

Sponsor

Merchantec Capital

3 June 2016

Amalgamated Electronic Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/010036/06)
Share code: AER ISIN: ZAE 000070587
(“Amecor” or “the Company”)

CAUTIONARY ANNOUNCEMENT

Shareholders are advised that the Company has received a non-binding expression of interest from a third party for the shares in Amecor and that the Company is engaging in discussions with that party which may have a material effect on the price of the Company's securities.

Accordingly, shareholders are advised to exercise caution when dealing in the Company's securities, until a further announcement is made.

3 June 2016

Sponsor

Merchantec Capital

21 April 2016

Amalgamated Electronic Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/010036/06)
Share code: AER ISIN: ZAE 000070587
(“Amecor” or “the Company”)

FURTHER TRADING STATEMENT

In terms of the Listings Requirements of JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on will differ by more than 20% from that of the previous corresponding period.

Further to the trading statement released on SENS on 4 March 2016, a review of the financial results for the year ended 31 March 2016 by management has indicated that:

- the earnings per share ("EPS") is expected to be between 36.8 cents and 43.7 cents, reflecting an increase in EPS of between 153% and 163% compared to the loss per share of 69.5 cents for the year ended 31 March 2015; and

- the headline earnings per share ("HEPS") is expected to be between 38.5 cents and 42.3 cents, reflecting an increase in HEPS of between 299% and 319% compared to the headline loss per share of 19.3 cents for the year ended 31 March 2015.

The expected trading results for the second half of the financial year (1 October 2015 - 31 March 2016) reflect an increase in EPS and HEPS of between 45% and 65% compared to the EPS and HEPS of 15.8 cents reported in the interim period (1 March 2015 - 30 September 2015).

Furthermore, the expected HEPS for the year ended 31 March 2016 of between 38.5 cents and 42.3 cents reflects an increase of between 56% and 71% compared to the normalised continuing headline earnings per share of 24.7 cents for the prior year ended 31 March 2015 (excluding non-recurring impairments and provisions).

EBITDA for the year ended 31 March 2016 is expected to be between R43 million and R50 million, reflecting an increase of between 23% and 42% compared to the R35.1 million EBITDA for the year ended 31 March 2015 (excluding non-recurring impairments and provisions).

The financial information on which this trading statement is based has not been reviewed or reported on by the Company's auditors. Amecor's financial results are expected to be released on SENS on or about 31 May 2016.

21 April 2016

Sponsor

Merchantec Capital

4 March 2016

Amalgamated Electronic Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/010036/06)
Share code: AER ISIN: ZAE 000070587
(“Amecor” or “the Company”)

TRADING STATEMENT

In terms of the Listings Requirements of JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on will differ by more than 20% from that of the previous corresponding period.

Accordingly, a review of the financial results for the year ending 31 March 2016 by management has indicated that:

-the earnings per share ("EPS") is expected to be at least 35 cents (at least 104.5 cents higher than the loss per share of 69.5 cents for the year ended 31 March 2015), reflecting an increase in EPS of at least 150.4%; and

-the headline earnings per share ("HEPS") is expected to be at least 35 cents (at least 54.3 cents higher than the headline loss per share of 19.3 cents for the year ended 31 March 2015), reflecting an increase in HEPS of at least 281.3%.

Although just less than a month of trading remains until the Company's financial year end, the trading results of the second half of the financial year indicate a vast improvement on the EPS and HEPS of 15.8 cents reported in the interim period, reflecting an increase of at least 21.5%.

Furthermore, the EPS for the year ending 31 March 2016 is expected to be at least 10.3 cents higher than the normalised continuing headline earnings per share of 24.7 cents for the prior year ended 31 March 2015 (excluding non-recurring impairments and provisions), reflecting an increase in EPS of at least 41.7%.

A further trading statement will be released once the Company has a greater degree of certainty with regards to its financial results for the year ending 31 March 2016.

The financial information on which this trading statement is based has not been reviewed or reported on by the Company's auditors. Amecor's financial results are expected to be released on SENS on or about 31 May 2016.

4 March 2016

Sponsor

Merchantec Capital

19 November 2015

Amalgamated Electronic Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/010036/06)
Share code: AER ISIN: ZAE 000070587
(“Amecor” or “the Company”)

RESULTS OF ANNUAL GENERAL MEETING

Shareholders are advised that, at the annual general meeting of Amecor held today, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders.

The number of shares voted in person or by proxy was 37 733 329, representing 48.39% of the total issued share capital of the same class of Amecor shares.

No shares abstained from voting on the resolutions proposed at the annual general meeting.

The resolutions proposed at the meeting, together with the percentage of shares abstained, as well as the percentage of votes carried for and against each resolution, are set out below:

Resolution % of votes carried for the resolution % of votes against the resolution
To receive, consider and adopt the annual financial statements of the company and Group for the financial year ended 31 March 2015
To confirm the appointment of Mr Dean Colley who was appointed as director by the Board on 1 October 2014
To confirm the appointment of Mr Jarred Winer as non-executive director 100 -
To confirm the appointment of Mr Danna Strydom as independent non-executive director 100 -
To confirm the appointment of Mr Clive Angel as alternate director 100 -
To approve the re-election of Mr Christopher Boulle as independent non-executive director who retires by rotation 100 -
To approve the re-election of Mr John Evans as independent non-executive director who retires by rotation 100 -
To approve the re-election of Mr Percy Ying as independent non-executive director who retires by rotation 100 -
To approve the appointment of Mr Percy Ying as member and chairperson of the audit committee 100 -
To approve the appointment of Mr Christopher Boulle as member of the audit committee 100 -
To approve the appointment of Mr John Evans as member of the audit committee 100 -
To approve the appointment of Mr Clive Angel as member of the audit committee 100 -
To confirm the reappointment of Grant Thornton as auditors of the Company together with Ms Serena Ho for the ensuing financial year 100 -
Special resolution number 1: Approval of the non-executive directors' remuneration 100 -
Ordinary resolution number 1: Approval of the remuneration policy 100 -
Ordinary resolution number 2: Control of authorised but unissued ordinary shares 100 -
Ordinary resolution number 3: Approval to issue ordinary shares, and to sell treasury shares, for cash 100 -
Special resolution number 2: General approval to acquire shares 100 -
Special resolution number 3: Financial assistance for subscription of securities 78.71 21.29
Special resolution number 4: Loans or other financial assistance to directors 78.70 21.30
Ordinary resolution number 4: Signature of documents 100 -

19 November 2015

Sponsor

Merchantec Capital

16 November 2015

Amalgamated Electronic Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/010036/06)
Share code: AER ISIN: ZAE 000070587
(“Amecor” or “the Company”)

VOLUNTARY TRADING STATEMENT

A review of the financial results for the six month period ended 30 September 2015 by management has indicated that the earnings per share ("EPS") and the headline earnings per share ("HEPS") are expected to be between 14.7 cents and 17.0 cents, reflecting an increase of between 4% and 20% compared to the EPS of 14.2 cents and HEPS of 14.1 cents for the six month period ended 30 September 2014.

The financial results for the six month period ended 30 September 2014 included non-core operations which were disposed on the 31 March 2015 and therefore will be restated to reflect the continuing operations of Amecor. As such management expects EPS and HEPS from continuing operations for the six month period ended 30 September 2015 to be between 14.7 cents and 17.0 cents, reflecting an increase of between 34% and 54% compared to the prior period.

The financial information on which this voluntary trading statement is based has not been reviewed or reported on by the Company's auditors. Amecor's financial results are expected to be released on SENS on or about 3 December 2015.

16 November 2015

Sponsor

Merchantec Capital

30 September 2015

Amalgamated Electronic Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/010036/06)
Share code: AER ISIN: ZAE 000070587
(“Amecor” or “the Company”)

CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING

Change Statement

Shareholders are advised that the Company's Integrated Annual Report for the year ended 31 March 2015 was distributed to shareholders on 30 September 2015 and is also available on the Company's website, www.amecor.com.

There are no changes to the earnings per share and headline earnings per share as well as the net asset value per share. The audited annual financial statements do, however, contain the following modifications to the condensed provisional consolidated reviewed results for the year ended 31 March 2015 released on SENS on 30 June 2015.

The modification arose as a result of the Statement of Cash Flows in the condensed provisional consolidated reviewed results for the year ended 31 March 2015 including only continuing operations whereas the Statement of Cash Flows in the audited annual financial statements includes both continuing and discontinuing operations.

There was also a modification in the allocation between deferred tax assets and liabilities, however, the net deferred tax asset did not change.

The annual financial statements were audited by the Company's auditors, Grant Thornton Inc., and their unmodified report is available for inspection at Amecor's registered office.

Notice of Annual General Meeting

Notice is hereby given that the annual general meeting ("AGM") of shareholders of Amecor will be held at 09:00 on Thursday, 19 November 2015 at the offices of Merchantec Capital, 2nd Floor, North Block, Hyde Park Office Tower, Corner 6th Road and Jan Smuts Avenue, Hyde Park, Johannesburg, to conduct the business stated in the notice of annual general meeting, which is contained in the Integrated Annual Report.

The board of directors of Amecor has determined that, in terms of section 62(3)(a), as read with section 59 of the Companies Act, 2008 (Act 71 of 2008), the record date for the purposes of determining which shareholders of the Company are entitled to participate in and vote at the annual general meeting is Friday, 13 November 2015. Accordingly, the last day to trade in Amecor shares in order to be recorded in the Register to be entitled to vote at the AGM will be Friday, 6 November 2015.

Johannesburg

30 September 2015

Sponsor

Merchantec Capital

7 September 2015

Amalgamated Electronic Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/010036/06)
Share code: AER ISIN: ZAE 000070587
(“Amecor” or “the Company”)

CHANGE OF COMPANY SECRETARY

In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited, shareholders are advised that Acorim Proprietary Limited has been appointed as Amecor's company secretary, replacing Ms Kerry Colley who has resigned as company secretary, with immediate effect.

The board of directors of Amecor would like to thank Kerry for her contribution to Amecor and wishes her well in her future endeavours.

Johannesburg

7 September 2015

Sponsor

Merchantec Capital

4 September 2015

Amalgamated Electronic Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/010036/06)
Share code: AER ISIN: ZAE 000070587
(“Amecor” or “the Company”)

DEALINGS IN SECURITIES BY A DIRECTOR

In compliance with paragraphs 3.63 to 3.74 (both inclusive) of the Listings Requirements of JSE Limited, the following is disclosed:

Name of director: Dean Colley
Company: Amalgamated Electronic Corporation Limited
Class of securities: Ordinary shares
Clearance to deal obtained: Yes
Nature of transaction: Purchase of shares off market
Extent of director's interest: Direct beneficial
Date of transaction: 3 September 2015
Number of securities: 151 662
Price per security: R2.20
Total value of securities purchased: R333 656.40

Johannesburg

4 September 2015

Sponsor

Merchantec Capital

23 July 2015

Amalgamated Electronic Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/010036/06)
Share code: AER ISIN: ZAE 000070587
(“Amecor” or “the Company”)

NOTIFICATION IN TERMS OF SECTION 122(3) OF THE COMPANIES ACT AND PARAGRAPH 3.83(b) OF THE LISTINGS REQUIREMENTS OF JSE LIMITED

In compliance with section 122(3)(b) of the Companies Act, 2008 (Act 71 of 2008) ("Companies Act") as amended and paragraph 3.83(b) of the Listings Requirements of JSE Limited, shareholders are advised that Amecor has received notification in terms of section 122(1) of the Companies Act that Westbrooke Capital Management Special Opportunities En Commandite Partnership has acquired a beneficial interest in the securities of the Company, such that their entire beneficial interest amounts to 20.2% of the total number of securities in issue.

As required in terms of section 122(3)(a) of the Companies Act, Amecor has filed the required notice with the Takeover Regulation Panel.

Johannesburg

23 July 2015

Sponsor

Merchantec Capital

22 July 2015

Amalgamated Electronic Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/010036/06)
Share code: AER ISIN: ZAE 000070587
(“Amecor” or “the Company”)

DEALINGS IN SECURITIES BY COMPANY SECRETARY

In compliance with paragraphs 3.63 to 3.74 (both inclusive) of the Listings Requirements of JSE Limited, the following is disclosed:

Name of company secretary: Kerry Colley    
Company: Amalgamated Electronic Corporation Limited    
Class of securities: Ordinary shares    
Clearance to deal obtained: Yes    
Nature of transaction: Sale of shares on market    
Extent of director's interest: Indirect beneficial    
Date of transaction: 16 July 2015 17 July 2015 20 July 2015
Number of securities: 22 936 30 000 1 180 000
Price per security: R2.30 R2.30 R2.30
Total value of securities sold: R52 752.80 R69 000.00 R2 714 000.00

Johannesburg

22 July 2015

Sponsor

Merchantec Capital

16 July 2015

Amalgamated Electronic Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/010036/06)
Share code: AER ISIN: ZAE 000070587
(“Amecor” or “the Company”)

DEALINGS IN SECURITIES BY DIRECTOR

In compliance with paragraphs 3.63 to 3.74 (both inclusive) of the Listings Requirements of JSE Limited, the following is disclosed:

Name of director: William Kirsh  
Company: Amalgamated Electronic Corporation Limited  
Class of securities: Ordinary shares  
Clearance to deal obtained: Yes  
Nature of transaction: Purchase of shares on market  
Extent of director's interest: Indirect beneficial  
Date of transaction: 10 July 2015
Number of securities: 50 000 500
Price per security: R2.35 R2.30
Total value of securities purchased: R117 500.00 R1 150.00

Johannesburg

16 July 2015

Sponsor

Merchantec Capital

7 July 2015

Amalgamated Electronic Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/010036/06)
Share code: AER ISIN: ZAE 000070587
(“Amecor” or “the Company”)

DEALINGS IN SECURITIES BY DIRECTOR AND COMPANY SECRETARY

In compliance with paragraphs 3.63 to 3.74 (both inclusive) of the Listings Requirements of JSE Limited, the following is disclosed:

Name of director: William Kirsh  
Company: Amalgamated Electronic Corporation Limited  
Class of securities: Ordinary shares  
Clearance to deal obtained: Yes  
Nature of transaction: Purchase of shares on market  
Extent of director's interest: Indirect beneficial  
Date of transaction: 1 July 2015 3 July 2015
Number of securities: 30 000 60 000
Price per security: R2.15 R2.30
Total value of securities purchased: R64 500.00 R138 000.00

Name of company secretary: Kerry Colley
Company: Amalgamated Electronic Corporation Limited
Class of securities: Ordinary shares
Clearance to deal obtained: Yes
Nature of transaction: Sale of shares on market
Extent of company secretary's interest: Indirect beneficial
Date of transaction: 1 July 2015
Number of securities: 88 000
Price per security: R2.18
Total value of securities sold: R191 840.00

Johannesburg

7 July 2015

Sponsor

Merchantec Capital

25 June 2015

Amalgamated Electronic Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/010036/06)
Share code: AER ISIN: ZAE 000070587
(“Amecor” or “the Company”)

FURTHER TRADING STATEMENT

Shareholders are advised that as a result of Amecor exiting from non-core operations and the board of directors concluding a thorough review of the Company's accounting practices, impairments of assets and provisions for future obligations have been identified and are required for the year ending 31 March 2015.

Further to the trading statement released on SENS on 5 June 2015, shareholders are hereby advised of the updated earnings and headline earnings per share for the year ending 31 March 2015:

the loss per share is expected to be between 68.3 cents and 70.7 cents, reflecting a decrease of between 376.4% and 386.4% compared to the earnings per share of 24.7 cents for the year ended 31 March 2014; and

the headline loss per share is expected to be between 17.9 cents and 20.7 cents, reflecting a decrease of between 164.2% and 174.2% compared to the headline earnings per share ("HEPS") of 27.9 cents for the year ended 31 March 2014.

The core operations continue to trade well and normalised EBITDA from continuing operations is expected to be between 10% and 15% higher than that of the previous period.

The financial information on which this trading statement is based has not been reviewed or reported on by the Company's auditors. Amecor's results for the year ended 31 March 2015 are expected to be released on SENS on or about 30 June 2015.

Johannesburg

25 June 2015

Sponsor

Merchantec Capital

5 June 2015

Amalgamated Electronic Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/010036/06)
Share code: AER ISIN: ZAE 000070587
(“Amecor” or “the Company”)

TRADING STATEMENT

Shareholders are advised that as a result of Amecor exiting from non-core operations and the board concluding a thorough review of the Company's accounting practices, impairments of assets and provisions for future obligations have been identified and are required for the year to 31 March 2015.

Consequently, in terms of the Listings Requirements of JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the year to 31 March 2015 will differ by more than 20% from that of the previous corresponding period.

Accordingly, a review of the financial results for the year ended 31 March 2015 by management as mentioned above has indicated that:

- the earnings per share ("EPS") is expected to be at least 30 cents lower than the EPS of 24.7 cents for the year ended 31 March 2014, reflecting a decrease of at least 121%; and

- the headline earnings per share ("HEPS") is expected to be at least 10 cents lower than the HEPS of 27.9 cents for the year ended 31 March 2014, reflecting a decrease of at least 36%.

The core operations continue to trade well and excluding the once off impairment charges and provisions mentioned above, the normalised EBITDA from continuing operations is expected to be between 10% and 20% higher than that of the previous corresponding period.

A further trading statement with more precise ranges will be released once the Company has a greater degree of certainty with regards to its financial results for the year ended 31 March 2015.

The financial information on which this trading statement is based has not been reviewed or reported on by the Company's auditors.

Johannesburg

5 June 2015

Sponsor

Merchantec Capital

2 June 2015

Amalgamated Electronic Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/010036/06)
Share code: AER ISIN: ZAE 000070587
(“Amecor” or “the Company”)

UPDATE TO THE DISPOSAL OF PDS GROUP

Shareholders are referred to the 'Disposal of PDS Group and withdrawal of cautionary announcement' (and using the terms defined therein unless otherwise stated) released on SENS on 24 April 2015, wherein they were advised that the Board had entered into a Sale Agreement to dispose of the Sale Shares to the Purchasers, as one indivisible transaction, for a total sale consideration of R16 million, which Sale Consideration was payable in tranches by no later than the second anniversary of the Closing Date.

Shareholders are hereby advised that the entire Sale Consideration in the amount of R16 million has been settled by the Purchasers and that the Disposal is now unconditional with the effective date being 31 March 2015.

Johannesburg

2 June 2015

Sponsor

Merchantec Capital

24 April 2015

Amalgamated Electronic Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/010036/06)
Share code: AER ISIN: ZAE 000070587
(“Amecor” or “the Company”)

DISPOSAL OF PDS GROUP AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT

1. INTRODUCTION AND RATIONALE

Shareholders are referred to the cautionary announcement released on SENS on 11 March 2015 wherein they were advised that, following the review by the Company of the strategic fit of the Alternative Power Supplies division (comprising Power Development Services Proprietary Limited ("PDS"), Gillespie Diesel Services Proprietary Limited ("GDS") and Durapower Manufacturing Proprietary Limited ("DM") (collectively referred to as the "PDS Group")) within the Amecor group, the Company was in discussions to dispose of its controlling stake in the PDS Group to the minority shareholders including management of the PDS Group.

The board of directors of Amecor ("the Board") is pleased to inform shareholders that on 24 April 2015 Amecor entered into a Sale of Shares Agreement ("Sale Agreement") with Vicky Sievwright, Ronnie Alan Harverson, Adam Leslie Buen King ("Adam"), Stephen Mackie, Philip Paul Malan, Jennifer Molly Bezdek ("Jenny"), William George Gillespie ("William"), Colum Maxwell ("Colum") and Rainer Krisch ("Rainer") (collectively referred to as "the Purchasers") in terms of which Amecor will dispose of the "Sale Shares", as detailed hereafter, to the Purchasers, who will acquire the Sale Shares pro rata to their respective shareholdings in the PDS Group, as one indivisible transaction, for a total sale consideration of R16 million ("Sale Consideration") subject to the fulfilment or waiver of the Conditions Precedent set out in paragraph 2.3 below ("the Disposal").

The "Sale Shares" comprise:

- the "PDS Sale Shares" being 502 ordinary shares (50.2%) in the capital of PDS as at the "Closing Date", being the first business day of the month following the month in which the Conditions Precedent are fulfilled or waived, or such earlier date as may be agreed upon between Amecor and the Purchasers ("Closing Date");

- the "GDS Sale Shares" being 501 ordinary shares (50.1%) in the capital of GDS as at the Closing Date; and

- the "DM Sale Shares" being 503 ordinary shares (50.3%) in the capital of DM as at the Closing Date.

2. THE PDS GROUP DISPOSAL

2.1 Nature of the PDS Group

The PDS Group is engaged in the assembly, distribution, installation and maintenance of world-class alternative power solutions including generators, inverters and uninterrupted power supply systems; offered primarily to the industrial, commercial and government market sectors.

2.2 Sale Consideration

The Sale Consideration will be settled by way of electronic funds transfer into an Amecor designated bank account and utilised for general operating requirements, or as the Board may otherwise in its discretion deem fit, as follows:

2.2.1 a minimum amount of R12 million, or such greater amount which is paid on the Closing Date and which amount includes the deposit of R1 million paid to Amecor by the Purchasers on 6 March 2015 ("First Tranche"); and

2.2.2 a maximum amount of R4 million, or such lesser amount as calculated by deducting the First Tranche from the Sale Consideration, by no later than the second anniversary of the Closing Date, together with interest thereon at 11% per annum compounded monthly to Amecor in 24 equal monthly instalments.

As security for the payment of the Sale Consideration, the Purchasers will pledge to Amecor ("Deed of Pledge"):

- in respect of Adam and Jenny, the respective interests that they own in Mandarina Trading 428 cc, being the owner of the property out of which the PDS Group operates; and

- 694 732 Amecor shares held by Adam, Jenny, William, Colum and Rainer.

Amecor has provided warranties which are usual in a transaction of this nature.

2.3 Effective Date and Conditions Precedent

Amecor will dispose of the PDS Sale Shares to the Purchasers on the Closing Date, but with effect from the Effective Date, being 31 March 2015 subject to the fulfilment or waiver of the following Conditions Precedent by no later than 30 April 2015:

2.3.1 the Purchasers procuring the necessary funding to pay the First Tranche; and

2.3.2 the registration of the security in terms of the Deed of Pledge.

3. THE VALUE OF, AND PROFITS ATTRIBUTABLE TO THE PDS GROUP

The value of the net assets that are the subject of the Disposal as at 30 September 2014 was R31.3 million. The profit after tax attributable to the net assets that are the subject of the Disposal for the six month period ended 30 September 2014 was R2.7 million.

4. CLASSIFICATION OF THE DISPOSAL

The Disposal is classified as a Category 2 transaction in terms of the Listings Requirements of JSE Limited.

5. WITHDRAWAL OF CAUTIONARY

Further to the cautionary announcement released on 11 March 2015, shareholders are advised that further to this announcement regarding the Disposal, shareholders no longer need to exercise caution when dealing in Amecor's securities.

Johannesburg

24 April 2015

Sponsor

Merchantec Capital

Attorneys

HR Levin Attorneys Notaries and Conveyancers

20 March 2015

Amalgamated Electronic Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/010036/06)
Share code: AER ISIN: ZAE 000070587
(“Amecor” or “the Company”)

CHANGES TO THE BOARD OF DIRECTORS

In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, shareholders are hereby notified of the following changes to Amecor's board of directors ("the Board"):

- Mr Dereck Alexander, after 10 years of service with the Group, has resigned as Chief Executive Officer and as an executive director, with effect from 1 April 2015.

- Mr Keith Vieira, currently the Chief Operating Officer and an executive director, has been appointed as the new Chief Executive Officer with effect from 1 April 2015.

Keith, who has had 10 years of service with Amecor, is the co-founder of Sabre Radio Networks ("Sabre") and co-developer of FSK Electronics SA ("FSK") which, as Group portfolio companies, collectively contributed 90% of Group earnings from continuing operations for the twelve months to 31 March 2014.

Sabre is the largest security network provider in Southern Africa. Its radio and GSM infrastructure offers a data network comprising base stations and advanced repeater technology. Sabre has a national network footprint of cutting-edge transmission equipment enabling users, such as security companies, to route signals and data to their control centres. Sabre is implementing various strategies to develop its technology and customer service into the rest of Africa.

FSK is one of the leading designers and manufacturers of sophisticated transmission technology which is used primarily in the security industry, to send alarm signals to security company control rooms across South Africa. FSK specialises in the design of radio and GSM transmitters, receivers and transceivers, which underpin the growth in annuity earnings for Sabre.

- Mr Jarred Winer has been appointed as a non-executive director with effect from 18 March 2015.

Jarred is the Chief Executive Officer of alternative asset manager, Westbrooke Capital Management Proprietary Limited ("Westbrooke"), which he co-founded in 2012. Prior to founding Westbrooke, Jarred gained extensive experience in investment banking with Standard Bank and Barclays where he held roles in corporate finance, capital markets and leveraged finance.

- Mr Clive Angel has been appointed non-executive director as alternate to Mr Stanley Shane, with effect from 18 March 2015.

Clive is a co-founder and an executive director of Integrated Capital Management Proprietary Limited, a niche Investment Banking and advisory business. Clive is a chartered accountant CA(SA) with extensive Investment Banking and private equity experience obtained in both London and South Africa.

Mr Chris Boulle, Chairman of Amecor, commented: "On behalf of the Board and management, I thank Dereck for his service to Amecor over many years and wish him well in his retirement. Having known him for many years, we welcome Keith as Chief Executive Officer and look forward to his leadership as we capitalise on our strengths as the market-leading security electronics and telecommunications group in southern Africa, leveraging off the annuity earnings of Sabre and the technology expertise of FSK. We would also like to welcome Jarred and Clive to the Board and look forward to their contributions to the Company".

Johannesburg

20 March 2015

Sponsor

Merchantec Capital

11 March 2015

Amalgamated Electronic Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/010036/06)
Share code: AER ISIN: ZAE 000070587
(“Amecor” or “the Company”)

CAUTIONARY ANNOUNCEMENT

Shareholders are referred to the condensed consolidated unaudited results for the six months ended 30 September 2014 released on SENS on 18 December 2014 wherein the Company confirmed it was reviewing the strategic fit of the Alternative Power Supplies division (comprising Power Development Services, Gillespie Diesel Services and Durapower Manufacturing (collectively referred to as the "PDS Group")) within the Amecor group. Shareholders are advised that the Company is in discussions to dispose of its controlling stake in the PDS Group to the minority shareholders including management of the PDS Group, which if successfully concluded may have a material effect on the price of the Company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the Company's securities until a further announcement is made.

 Johannesburg

11 March 2015

Sponsor

Merchantec Capital

30 October 2014

Amalgamated Electronic Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/010036/06)
Share code: AER ISIN: ZAE 000070587
(“Amecor” or “the Company”)

RESULTS OF THE ANNUAL GENERAL MEETING

The board of directors of Amecor hereby advises that at the Annual General Meeting of shareholders held on Thursday, 30 October 2014, the following resolutions, as set out in the notice of annual general meeting which was incorporated in the Integrated Annual Report distributed to shareholders on 1 October 2014, were duly approved by the requisite majority of shareholders present and voting:

Ordinary Business Special Business

 

The special resolutions, where appropriate, will be filed with the Companies and Intellectual Property Commission.

30 October 2014

Johannesburg

Sponsor

Sasfin Capital (A division of Sasfin Bank Limited)

2 October 2014

Amalgamated Electronic Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/010036/06)
Share code: AER ISIN: ZAE 000070587
(“Amecor” or “the Company”)

CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING

1.         CHANGE STATEMENT

Shareholders are advised that the Integrated Annual Report of the Company for the year ended 31 March 2014 was posted today, Tuesday, 30 September 2014 and contains the following modification to the reviewed financial results which were published on SENS on 1 July 2014:

Amecor

2.        NOTICE OF THE ANNUAL GENERAL MEETING

Notice is hereby given that the Annual General Meeting of shareholders will be held at the offices of Sasfin, 29 Scott Street, Waverley, Johannesburg, on Thursday, 30 October 2014 at 09h00 for the purpose of considering and if deemed fit, to pass with or without modification, the business as stated in the Annual General Meeting Notice, forming part of the Integrated Annual Report.

3.         RECORD DATES

The notice of annual general meeting has been posted to shareholders of the Company who were recorded as such in the Company`s securities register on Friday, 19 September 2014.

The date on which shareholders of the Company must be recorded as such in the Company`s securities register in order to attend and vote at the annual general meeting is Friday, 24 October 2014. The last day to trade in order to be entitled to vote at the annual general meeting is Friday, 17 October 2014.

Proxy Forms must be lodged by no later than 09h00 on Tuesday, 28 October 2014.

 

Johannesburg

01 October 2014

Sponsor

Sasfin Capital (A division of Sasfin Bank Limited)

1 October 2014

Amalgamated Electronic Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/010036/06)
Share code: AER ISIN: ZAE 000070587
(“Amecor” or “the Company”)

CHANGES TO THE BOARD

Shareholders are advised of the appointment of Dean Colley as Amecor’s Chief Financial Officer with effect from 1 October 2014.

Dean qualified as a Chartered Accountant in 1998, subsequently gaining formidable experience in numerous industries while fulfilling the roles of Financial Director and Chief Financial Officer. Dean has over ten years experience within the financial sector, having served as a director on numerous boards.

Kerry Anne Colley has stepped down from the position of Chief Financial Officer in order to take up the appointment as Group Company Secretary.  Schalk du Plessis will be stepping down as Group Company Secretary to pursue the role of independent Group Internal Auditor.

 The Amecor board takes this opportunity to welcome Dean to the board, and looks forward to his valuable contribution going forward.

 Johannesburg

2 October 2014

Sponsor

Sasfin Capital (a division of Sasfin Bank Limited)

18 August 2014

Amalgamated Electronic Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/010036/06)
Share code: AER ISIN: ZAE 000070587
(“Amecor” or “the Company”)

FURTHER ANNOUNCEMENT REGARDING THE DISPOSAL OF AMECOR’S 79% INTEREST IN SECEQUIP PROPRIETARY LIMITED (“SECEQUIP”) AND RENEWAL OF CAUTIONARY ANNOUNCEMENT

 

1. Introduction

Amecor shareholders (“Shareholders”) are referred to the announcement published by the Company on 30 June 2014 (“the Announcement”) wherein Shareholders were advised that Amecor had entered into an agreement (“Agreement”) with Secequip Supplies Proprietary Limited (“Secequip Supplies” or “the Purchaser”). Secequip Supplies is wholly owned by the existing managing director of Secequip, John Clifford Rogers (“Rogers”). In terms of the Agreement, Amecor will dispose of its 79% interest in Secequip to the Purchaser with effect from 1 April 2014 (“Effective Date”) for R2.0 million (“Consideration”), subject to the various conditions precedent (“the Disposal”) set out in the Announcement. The Consideration shall be discharged by the Purchaser in cash on the first business day after the fulfilment or waiver of the conditions precedent. All conditions precedent to the Disposal have been fulfilled save for Shareholder approval, the requirement for which is detailed in paragraph 2 below.

2. Revised categorisation of the Disposal

The Disposal was initially categorised as small related party transaction in terms of the JSE Limited Listings Requirements (“LRs”) as the Company is transacting with Secequip Supplies, a material shareholder of a subsidiary (the Purchaser holds a 21% interest in Secequip), and which is wholly owned by Rogers, a director of Secequip. A loan of R48 624 000 which is owed by Secequip to Amecor (“Loan”) as at the Effective Date will be retained by Amecor following the Disposal and no portion of the Loan will be disposed of as part of the Disposal. The Issuer Regulation Division of the JSE (“IRD”) subsequently ruled that, notwithstanding that the Loan will be retained by Amecor and that no portion of the Loan will be disposed of, a portion of the Loan should be included in the categorisation calculation which rendered the categorisation calculation in excess of 5%. The Disposal is therefore regarded as a “related party transaction” by the IRD in terms of the LRs and requires Shareholder approval. In compliance with the LRs, a circular setting out further details of the Disposal and incorporating a notice convening a general meeting (“Circular”) at which Shareholder approval for the Disposal will be sought, will be dispatched in due course. In accordance with the LRs, the Circular will incorporate an opinion from independent expert BDO Corporate Finance Proprietary Limited as to whether the terms and conditions of the Disposal are fair to Shareholders.

3. Financial effects of the Disposal

Shareholders were advised in the Announcement that the pro forma financial effects of the Disposal (“Financial Effects”) on Amecor‟s basic earnings per share (“EPS”), headline earnings per share (“HEPS”), fully diluted EPS, fully diluted HEPS, net asset value per share (“NAVPS”) and net tangible asset value per share (“NTAVPS”) were not material (in terms of the LRs this is regarded as being less than 3%) and were not disclosed. In preparing the Circular, it has been established that Financial Effects on HEPS, NAVPS and NTAVPS are material and details thereof are therefore set out below. The Financial Effects have been prepared in terms of the LRs and the Guide on Pro Forma Financial Information issued by the South African Institute of Chartered Accountants. The Financial Effects have been prepared to illustrate, on a conceptual basis, the impact of the Disposal on Amecor‟s published reviewed results for the year ended 31 March 2014 as published on 30 June 2014 (“Year End Results”), had the Disposal occurred on 1 April 2013 for consolidated statement of comprehensive income purposes, and on 31 March 2014, for consolidated statement of financial position purposes. The Financial Effects have been prepared using accounting policies that comply with International Financial Reporting Standards and are consistent with those applied in the Year End Results. The Financial Effects are the responsibility of Amecor‟s directors and have been prepared for illustrative purposes only and, due to their nature, do not fairly present the financial position, results of operation or cash flows of Amecor after the Disposal.

Amecor New


Notes:
1. The “Before the Disposal” column information has been extracted, without adjustment, from the Year End Results.
2. The “After the Disposal” column information is based on the “Before the Disposal” column and after the following:
2.1. Prepared on the assumption that the Disposal took place on 1 April 2013 for purposes of the pro forma statement of comprehensive income and on 31 March 2014 for purposes of the pro forma statement of financial position.
2.2. To take into account the costs of the Disposal of approximately R824 000.
2.3. To take into account the notional interest on other financial assets recognised at fair value on initial recognition in terms of IAS 39 using a market related investment rate of 5.1% as well as interest earned on the cash received as part of the purchase consideration at an interest rate of 5.1%.
2.4. To take into account the tax effects of the Disposal.
2.5. To take into account the profit on Disposal of R2.851 million relating to the difference between the fair value of the Consideration and the Loan and the carrying amount of Amecor‟s interest in Secequip.

RENEWAL OF CAUTIONARY ANNOUNCEMENT

Shareholders are referred to the Announcement in which they were advised that Amecor had entered into advanced discussions with parties, which if successful would result in Amecor acquiring 100% of Maxidor SA Proprietary Limited (“Maxidor”). Amecor remains in discussions with the parties and accordingly, Shareholders are advised to continue exercising caution when dealing in the Company‟s securities until a further announcement regarding the acquisition of Maxidor is published.

Johannesburg
15 August 2014

Corporate Advisor
Integrated Capital Management Proprietary Limited

Sponsor
Sasfin Capital
(a division of Sasfin Bank Limited)

Joint Legal Advisors
Read Hope Phillips Attorneys and Ararat Corporate Advisory Services

Reporting Accountants and Auditors
Mazars Inc.

Independent Expert
BDO Corporate Finance Proprietary Limited

19 May 2014

Amalgamated Electronic Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/010036/06)
Share code: AER ISIN: ZAE 000070587
(“Amecor” or “the Company”)

DISPOSAL OF THE SECEQUIP BUSINESS AND RENEWAL OF CAUTIONARY ANNOUNCEMENT

1. Introduction

Shareholders are referred to the cautionary announcement dated 11 March 2014 and the subsequent renewal thereof dated 24 April 2014 wherein shareholders were advised that the company had entered into discussions with separate parties regarding a potential acquisition (“acquisition”) by the Company and a potential disposal of a group asset.

Amecor hereby announces that its 79% held subsidiary, Secequip Proprietary Limited, (“Secequip” or “seller”) has entered into an agreement with Divine Inspiration 579 Proprietary Limited, (“DI 579” or “purchaser”) to sell, as a going concern, the Secequip business consisting of inter alia fixed assets, cash deposits, inventory (comprising stock and slow moving stock), customers, continuing contracts, goodwill, as well as the employee liabilities, but excluding debtors and certain liabilities, subject to the fulfilment of the condition precedent set out in paragraph 4 below (“the transaction”). The proceeds from the transaction is an estimated R30 million.

2. Rationale for the disposal of the Secequip business

Amecor’s market leading operations are focused on making it safe to live and do business by providing key products and services of a strategic nature to the security industry in South Africa and increasingly into Africa. Secequip is an importer and wholesale distributor of security products within the Amecor Group. Amecor has reviewed the strategic fit of Secequip in the Amecor group and decided to dispose of the Secequip business as it sharpens its strategic focus on businesses that generate superior free cash flow, deliver attractive margins and provide good prospects for growth. The disposal of Secequip will furthermore improve the quality of Amecor’s free cash flow.

3. Consideration for the transaction

Subject to the fulfilment of the condition precedent set out in paragraph 4 below, Secequip will dispose of certain business assets and liabilities to DI 579 with effect from the effective date. The final purchase consideration will be determined on or about the third business date prior to the effective date following a stock take at which each of the parties will be entitled to be present. It is expected that the purchase consideration will not exceed R30 million and that the final consideration payable will not vary materially from this estimate. Shareholders will be advised of the final purchase consideration in a further announcement (“further announcement”).

The purchase consideration shall be discharged by the purchaser -:

3.1  paying an amount of R600 000 on the effective date, which is an amount equal to the approximate value of the fixed assets plus the approximate value of the cash deposits less the approximate value of the employee liabilities;

3.2  paying Secequip an amount on or before the last business day of each month commencing on the last business day of the second month following the effective date and for 10 months thereafter until the purchase price of the stock has been discharged in full.

3.3  discharging the balance of the purchase price payable for the slow moving stock, being an amount of R3 000 000, less an amount equal to the amounts received for the slow moving stock during the period commencing on 21 February 2014 and the effective date by paying the seller an amount of R500 000 per month on or before the last business day of each month commencing on the thirteenth month following the effective date until the purchase price in respect of the slow moving stock has been discharged in full.

4 Condition precedent

The sale of business agreement is subject to the shareholders of Secequip passing the necessary resolution to enable the seller to conclude the transaction set out in the agreement by no later than 31 July 2014.

5 Effective date

The effective date of the transaction is the later of the first day of the month following the month in which the condition precedent is fulfilled, and the thirty first day after publication in terms of section 34 of the Insolvency Act falls.

6 Unaudited pro forma financial effects

Based on the estimated maximum purchase consideration of R30 million, the pro forma financial effects of the transaction on Amecor’s earnings per share, headline earnings per share, net asset value per share and net tangible asset value per share are not significant and have, therefore, not been disclosed.

The value of the net assets subject to the transaction will be determined on or about the effective date and the profits attributable to the net assets that are the subject to the transaction will be disclosed in the further announcement.

The cash proceeds of the transaction will be used to discharge financial obligations within Secequip.

7 Categorisation

Based on the estimated maximum consideration of R30 million, the transaction is a Category 2 transaction in terms of the JSE Limited Listings Requirements. Shareholders will be advised of the final categorisation of the transaction in the further announcement.

8 Renewal of cautionary announcement

Further to the information in this announcement regarding the transaction, shareholders are advised that the company remains in discussions with a separate party regarding a potential acquisition. The successful conclusion of the acquisition may have an effect on the price of the company’s securities.

Accordingly shareholders are advised to exercise caution when dealing in Amecor shares until the further announcement is made and an announcement regarding the acquisition is made.

Johannesburg

16 May 2014

Sponsor

Sasfin Capital

(A division of Sasfin Bank Limited)

Legal Advisor
HR Levin Attorneys, Notaries and Conveyancers

28 January 2014

Amalgamated Electronic Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/010036/06)
Share code: AER ISIN: ZAE 000070587
(“Amecor” or “the Company”)

APPOINTMENT OF COMPANY SECRETARY

With effect from the 28TH January 2014 Shareholders are advised of the appointment of Schalk du Plessis as Amecor Group Company Secretary and Internal auditor.

Kerry Anne Colley, Amecor’s Chief Financial Officer, has resigned from the position of Company Secretary in order to separate roles pertaining to Executive Board and Company Administrator duties, as per section 3.84 (j) of the JSE Listings Requirements.

Schalk has substantive experience in the internal auditing and legal compliance field, with a successful history of work performance in large blue chip firms such as Imperial Holdings Limited and Super Group Limited.

The Amecor Directorate welcome Schalk to the board, and look forward to his valued contribution going forward.

Johannesburg
29 January 2014

Sponsor
Sasfin Capital
(A Division of Sasfin Bank Limited)

5 December 2013

Amalgamated Electronic Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/010036/06)
Share code: AER ISIN: ZAE 000070587
(“Amecor” or “the Company”)

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

In terms of paragraph 3.59 of the JSE Limited Listings Requirements, the board of Amecor is pleased to announce that Mr John Francis Evans was appointed to the board as an independent Non-Executive Director with effect from the 5th December 2013.

John is a qualified chartered accountant with over 17 years of business advisory and corporate finance experience having assisted clients in Australia, Europe, Middle East and in both North and South Americas. In 2008 John founded RS Advisors which provides Corporate Finance Advisory services and assists clients in the distressed debt sector.

In addition to John’s role on the board, he will also form part of Amecor’s audit committee.

The Board would like to extend a warm welcome to Mr Evans, and looks forward to his valued and strategic input going forward.

Johannesburg
5 December 2013

Sponsor
Sasfin Capital
(A Division of Sasfin Bank Limited)

7 November 2013

Amalgamated Electronic Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/010036/06)
Share code: AER ISIN: ZAE 000070587
(“Amecor” or “the Company”)

Amecor bolsters Board with William Kirsh and Stanley Shane

Amalgamated Electronic Corporation Limited (“Amecor”) announces the appointment to its Board of William Kirsh and Stanley Shane as non-executive directors, with immediate effect. This follows the substantial restructuring of the shareholding of the Company on 11 October 2013.

William Kirsh (52) is the founder of Primedia, South Africa’s second largest media group and served as CEO from its inception in 1994 to August 2009. Mr Kirsh is the founder and CEO of ValuePlusNettwork. ValuePlusNettwork is pioneering the next generation of communications.

Stanley Shane (42) is a founding partner of Integrated Capital Management (Pty) Limited, a niche Investment Banking and advisory business. He specialises in strategic and corporate acquisitions. Mr Shane has extensive Investment Banking, capital raising, insurance, IPO preparation and structuring experience and has acted as an advisor to numerous transactions and individuals.

Chris Boulle, Chairman of Amecor, said: “I am delighted to welcome William and Stanley to Amecor’s Board, and look forward to tapping their considerable expertise, as we continue to deliver on our growth initiatives and enhance shareholder value.”

Notes to editors:

Amalgamated Electronic Corporation Limited specialises in providing broadcast and GSM services that facilitates secure data transmission of alarm signals to control rooms of security companies nationally. In addition it designs, manufactures and distributes exclusive technologies for the security, electronic and alternative power supply industries within southern and broader Africa.

Amecor’s core Group activities comprise:

- A licensed radio frequency and GSM network for data transmission and off site equipment control;

- The manufacture and supply of sophisticated transmission technology and related security applications;

- A national distribution arm providing country wide access to reputable security and electronic products

- The assembly, distribution, installation, and maintenance of world class power generating machinery.

Sponsor: Sasfin Capital

A division of Sasfin Bank Limited

October 2013

Amalgamated Electronic Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/010036/06)
Share code: AER ISIN: ZAE 000070587
(“Amecor” or “the Company”)

Changes to the board

In compliance with Rule 3.59 of the JSE Listing Requirements, Amecor shareholders are advised of the following:

Mr Mochele Noge, an independent non-executive director of the Company, has tendered his resignation, effective 9 October 2013. Mr H. Stephen Courtney, who served initially as the non-executive chairman, and since 14 June 2013, as non-executive director, has resigned with effect from 10 October 2013.

The Amecor board of directors would like to thank Mr Stephen Courtney and Mr Mochele Noge for the valuable contributions they have made to the Company during their tenures on the Board.

10 October 2013
Sponsor:
Sasfin Capital
A division of Sasfin Bank Limited

September 2013

Amalgamated Electronic Corporation Limited(“Amecor”)

(Incorporated in the Republic of South Africa)

(Registration number 1997/010036/06)

Share code: AER

ISIN: ZAE000070587

NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING

Amecor shareholders are advised that the Company’s Integrated Report, together with notice of annual general meeting will be posted on 2 September 2013 and contains no modification to the reviewed results for the year ended 31 March 2013 released on SENS on 20 June 2013.

Shareholders are further advised that the Integrated Report for the year ended 31 March 2013 will be available on the company’s website at www.amecor.com and available for inspection at the Company’s registered office from 2 September 2013.

Should you require a copy of the Integrated Report please contact Sarah Wray at sarah@amecor.com or at 011 477 2600 to make the necessary arrangements.

Notice is hereby given that the annual general meeting of Amecor shareholders will be held at Sasfin Bank Limited, 29 Scott Street, Waverly 2090, on Friday the 11th October 2013 at 9:00, to transact the business as stated in the notice of annual general meeting included in the Integrated Report.

By order of the Board.

K. A. Colley

Company Secretary

Johannesburg

2 September 2013

JSE Sponsor – Sasfin Capital (a division of Sasfin Bank Limited)