Community Holdings No 1 Proprietary Limited (CIH) plans to delist Jasco Electronics (Jasco) from the JSE.

CIH, which was founded by buiness women Dr Anna Mokgokong, announced today that it will make a general offer to the holders of Jasco ordinary shares and to consequently terminate the listing of the company’s ordinary shares on the JSE.

CIH will offer to purchase all of the issued Jasco ordinary shares for a consideration equivalent to 16 cents per Jasco ordinary share.

The offer consideration represents a 4% premium on the 30-day weighted average traded
price of Jasco shares on 2 December 2022, the trading day preceding this cautionary announcement.

The offer will be made conditional on Jasco Shareholders passing a resolution to approve the Delisting at a general meeting of Jasco shareholders to be convened in due course, subject to the required regulatory approvals being obtained.

CIH was established in 1995 by Dr Mokgokong and Joe Madungandaba; whose foresight, dynamism and entrepreneurial talents have enabled the company to move from its humble origins to a leading empowerment concern, with operations globally and in Southern Africa.

The company is 100% black-owned, with significant interests in six vital areas of the economy: Healthcare, ICT, Power & Energy, Logistics, Mining and Infrastructre.

Jasco delivers technologies across multiple disciplines of communication and intelligent
solutions, security and fire solutions and manufacturing. The group has been listed on the
Johannesburg Stock Exchange since 1987.