It does not include fair value information for financial assets and financial
     liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value.

      31 August 2018                                    Carrying amount                               Fair value

                                                                    Financial
                                                                    assets at
                                                                   fair value
                                                                      through
                                                                        other
                                                                      compre-
                                         Designated   Fair value      hensive
                                            at fair      hedging       income
     R millions                               value  instruments      (FVOCI)    Total   Level 1   Level 2   Level 3    Total
     Financial assets
     measured at
     fair value
     Equity investments                           -            -          198      198         -         -       198      198
     Derivative assets at fair        
     value: used for hedging                      -           83            -       83         -        83         -       83
                                                  -           83          198      281         -        83       198      281
     Financial liabilities
     measured at
     fair value
     Derivative liabilities
     at fair value:
     used for hedging                             -         (20)            -     (20)         -      (20)         -     (20)
     Deferred purchase
     considerations                            (64)            -            -     (64)         -         -      (64)     (64)
                                               (64)         (20)            -     (84)         -      (20)      (64)     (84)

      28 February 2018                                  Carrying amount                              Fair value

                                         Designated   Fair value
                                            at fair      hedging    Available
     R millions                               value  instruments    for sale*    Total   Level 1   Level 2   Level 3    Total
     Financial assets
     measured at
     fair value
     Equity investments                           -            -          206      206         -         -       206      206
     Derivative assets at fair        
     value: used for hedging                      -           30            -       30         -        30         -       30
                                                  -           30          206      236         -        30       206      236
     Financial liabilities
     measured at
     fair value
     Derivative liabilities
     at fair value:
     used for hedging                             -         (96)            -     (96)         -      (96)         -     (96)
     Deferred purchase
     considerations                            (66)            -            -     (66)         -         -      (66)     (66)
                                               (66)         (96)            -    (162)         -      (96)      (66)    (162)

     * See note 12.8 for details regarding the restatement as a result of change in accounting policy.

     Financial assets that are not subsequently measured at fair value namely; rental finance advances, trade
     and other receivables, cash and cash equivalents and non-current receivables are categorised as financial
     assets at amortised cost (refer to note 12.6). It has been concluded that the carrying amount of these assets
     approximates their fair value.

     Financial liabilities that are not subsequently measured at fair value namely; loans, bank overdrafts and trade
     and other payables are categorised as other financial liabilities. It has been concluded that the carrying
     amount of these liabilities approximates their fair value.

     The different levels as disclosed in the table above have been defined as follows:

     Level 1  Quoted prices (unadjusted) in active markets for identical assets or liabilities.
     Level 2  Inputs other than quoted prices included within Level 1 that are observable for the asset or liability,
              either directly (i.e. as prices) or indirectly (i.e. derived from prices).
     Level 3  Inputs for the asset or liability that are not based on observable market date (unobservable inputs).

     Measurement of fair values

     Valuation techniques and significant unobservable inputs

     The following tables show the valuation techniques used in measuring Level 2 and Level 3 fair values, as well as
     the significant unobservable inputs used.

     Financial instruments measured at fair value

                                                                                                 Inter-relationship
                                                                                                 between significant
                                                                    Significant                  unobservable inputs and
     Type                  Valuation technique                      unobservable inputs          fair value measurements
     Derivative            Market comparison technique:             Not applicable               Not applicable
     assets and            The fair value of foreign currency
     liabilities at fair   and commodity contracts (used for
     value: used for       hedging) are marked-to-market by
     hedging               comparing the contracted forward
                           rate to the present value of the
                           current forward rate of an equivalent
                           contract with the same maturity
                           date.

     Preference            The discounted cash flow method          Discount rate of 13.50%      The estimated fair value
     share                 was used to present value the            (February 2018: 13.50%)      would increase (decrease)
     in Technologies       forecasted income from the                                            if:
     Acceptances           preference share investment over         Forecast annual perpetuity   - the discount rate were
     Receivables           a 10-year (February 2018: 10-year)       growth 3% (February 2018:      lower (higher);
     Proprietary           period. The directors' valuation is      3%)                          - the annual revenue     
     Limited               equal to the fair value.                                                growth rate were higher
                                                                                                   (lower).

     Deferred              Discounted cash flows:                   Forecast annual revenue      The estimated fair value
     purchase              The valuation model considers            growth rate 8% to 12%        would increase (decrease)
     consideration         the present value of the expected        (February 2018: 8% to        if:
                           payment, discounted using a              12%)                         - the annual   
                           risk adjusted discount rate. The         - Forecast adjusted Profit     revenue growth rate were  
                           expected payment is determined by          after tax margin 20%         higher (lower)
                           considering the possible scenarios         to 30% (February 2018:     - the adjusted PAT margin   
                           of forecast adjusted profit after tax,     39% to 72%)                  were higher (lower); or
                           the amount to be paid under each         - Risk-adjusted discount     - the risk-adjusted discount
                           scenario and the probability of            rate 15% (February           rate were lower (higher).
                           each scenario.                             2018: 15%)

     Transfers

     There were no transfers between levels 1, 2 or 3 of the fair value hierarchy for the period ended 31 August
     2018 and the year ended 28 February 2018.

     R millions                                                 
     Reconciliation of deferred purchase consideration          
     Balance at 28 February 2018                                                                                           66   
     Released during the year                                                                                            (10)   
     Unwinding of interest                                                                                                (1)   
     Foreign exchange                                                                                                       9   
     Balance at 31 August 2018                                                                                             64   

10.  POST-BALANCE SHEET EVENTS

     Post the reporting period, Altron TMT SA Group Proprietary Limited concluded a share sale agreement to
     acquire the entire issued share capital of iS Partners Proprietary Limited ("iS Partners"), including its primary
     subsidiaries, Karabina Solutions Proprietary Limited ("Karabina") and Zetta Business Solutions Proprietary
     Limited ("Zetta"), effective 3 September 2018.

     Karabina (previously known as iS Partners) provides business technology services with expertise across
     multiple industries.

     The business focuses on the implementation, customisation, integration as well as core application
     development on the Microsoft platform for Business Intelligence ("BI"), Customer Relationship Management
     ("CRM"), Knowledge Management ("KM") and Corporate Performance Management ("CPM") solutions.

     The maximum purchase price of approximately R225 million, of which R162 million was paid upfront and the
     remainder is payable over two years.

     Management is still finalising the full purchase price allocation and related Goodwill. Management is still in the
     process of determining the effect on revenue and net profit after tax if the company was acquired on 1 March 2018.

     Dividends declared
     Dividends declared at the board meeting held on 24 October 2018 amounted to 28 cents per share.

11.  RELATED PARTY TRANSACTIONS

     The group entered into various sale and purchase transactions with related parties in the ordinary course of
     business.
 
     The nature of related party transactions is consistent with those reported previously.

12.  NEW AND AMENDED STANDARDS ADOPTED BY THE GROUP 

     The group has adopted the following new accounting pronouncements as issued by the IASB, which were
     effective for the group from 1 March 2018:

     - IFRS 15 Revenue from Contracts with Customers (IFRS 15), and
     - IFRS 9 Financial instruments (IFRS 9).

12.1 Transition to IFRS 15

     The group has applied IFRS 15 using the modified retrospective method, by recognising the cumulative effect
     of initially applying IFRS 15 as an adjustment to the opening balance of equity at 1 March 2018.
     The comparative information has not been restated and continues to be reported under IAS 18 and IAS 11.
     The details of the significant changes and quantitative impact of the changes are set out below.
 
     The group applied the following practical expedients when applying IFRS 15 using the modified retrospective
     method:
 
     -  The group did not quantify the effect on opening retained income for contracts that were completed
        contracts at 1 March 2017.
     -  The group did not quantify the effect on opening retained income for contracts that began and ended in the
        same annual reporting period.
     -  For modified contracts, the group used the contractual terms that existed at 1 March 2017.
     -  The group does not adjust the promised amount of consideration for the effects of a significant financing
        component if the group expects, at contract inception, that the period between when the group transfers
        a promised good or service to a customer and when the customer pays for that good or service will be one
        year or less.
 
12.2 Adoption of IFRS 15

     The group principally generates revenue from providing the following products and services:

     -  Project related revenue
     -  Rental of hardware and related services
     -  Maintenance and support
     -  Training and skills development
     -  Outsource services
     -  Sale of hardware
     -  Software and related licenses - once off
     -  Software and related licences - recurring
     -  Software application and development
     -  Switching services and other transactional services

     IFRS 15 establishes a comprehensive framework for determining whether, how much and when revenue is
     recognised. It replaced IAS 18 Revenue, IAS 11 Construction Contracts and related interpretations. Under
     IFRS 15, revenue is recognised at an amount that reflects the consideration to which an entity expects to be
     entitled for transferring goods or services to a customer.

     Revenue is measured based on the consideration specified in a contract with a customer and excludes amounts
     collected on behalf of third parties. The group recognises revenue when it transfers control over a product or
     service to a customer.

     For bundled packages of products and services, the group accounts for individual products and services
     separately if they are distinct, i.e. if a product or service is separately identifiable from other items in the
     bundled package and if a customer can benefit from it. The consideration is allocated between separate
     products and services in a bundle based on their standalone selling prices. The standalone selling prices are
     determined based on the list prices at which the company sells its products and services separately.

     In the comparative period, revenue was measured at the fair value of the consideration received or receivable.
     Revenue from the sale of goods was recognised when the significant risks and rewards of ownership had been
     transferred to the customer, recovery of the consideration was probable, the associated costs and possible
     return of goods could be estimated reliably, there was no continuing management involvement with the goods
     and the amount of revenue could be measured reliably. Revenue from rendering of services was recognised in
     proportion to the stage of completion of the work performed at the reporting date. The stage of completion is
     time based and dependent on the terms of the contract.

     Revenue from operating lease arrangements is recognised in profit and loss on a straight-line basis over the
     term of the lease.
     
     On adoption of IFRS 15, by applying the modified retrospective method, the opening balance of equity at
     1 March 2018 was restated as follows:
     
     R millions                                                                                                                 
     Retained earnings at 1 March 2018 as previously reported                                                           2 543   
     Deferral of perpetual licence sales (refer below)                                                                    (4)   
     Opening retained earnings 1 March 2018 restated                                                                    2 539   


     The following tables show the adjustments recognised for each individual line item. Line items that were not
     affected by the changes have not been included. As a result, the sub-totals disclosed cannot be recalculated
     from the numbers provided. The adjustments are explained in more detail below.

12.3 Impact on financial statements
     
                                                                                     Impact of changes in accounting policies
                                                                                                                     Balances   
     Balance sheet (extract)                                                                     Adjustments          without   
     31 August 2018                                                                     As        to IFRS 15      adoption of   
     R millions                                                                   reported          (12.1.4)          IFRS 15   
     Current assets                                                                                                             
     Trade and other receivables, including derivatives                              3 343               149            3 492   
     Inventories                                                                     1 002                77            1 079   
     Contract assets                                                                   226             (226)                -   
     Total assets                                                                    4 571                 -            4 571   
     Current liabilities                                                                                                        
     Trade and other payables, including derivatives                                 3 014               752            3 766   
     Taxation payable                                                                  117                 1              118   
     Contract liabilities                                                              762             (762)                -   
     Total liabilities                                                               3 893               (9)            3 884   
     Total equity attributable to holders of Altron                                  2 831                 9            2 840   
     
                                                                                     Impact of changes in accounting policies
                                                                                                                     Balances   
     Consolidated statement of comprehensive income (extract)                                    Adjustments          without   
     Six months to 31 August 2018                                                       As        to IFRS 15      adoption of   
     R millions                                                                   reported          (12.1.4)          IFRS 15   
     Revenue                                                                         9 779                27            9 806   
     Operating costs before capital items                                          (9 102)              (21)          (9 123)   
     Earnings before interest, tax, depreciation and amortisation and                                                           
     capital items (EBITDA before capital items)                                       677                 6              683   
     Operating profit before capital items                                             421                 6              427   
     Results from operating activities                                                 437                 6              443   
     Profit before taxation                                                            347                 6              353   
     Taxation                                                                         (78)               (1)             (79)   
     Profit for the period from continuing operations                                  269                 5              274   
     Profit for the period from discontinued operations                                 20                                 20   
     Profit for the period from total operations                                       289                 5              294   
     Profit is attributable to:                                                                                                 
     Non-controlling interests                                                         (3)                 -              (3)   
     Altron equity holders                                                             292                 5              297   
                                                                                       289                 5              294   
     Total comprehensive income for the period                                         466                 5              471   
     Total comprehensive income attributable to:                                                                                
     Non-controlling interests                                                           -                 -                -   
     Altron equity holders                                                             466                 5              471   
                                                                                       466                 5              471   
     Basic earnings per share from continuing operations                    (cents)     73                 1               74   
     Diluted basic earnings per share from                                                                                      
     continuing operations                                                  (cents)     72                 1               73   
     Basic earnings per share from total operations                         (cents)     79                 1               80   
     Diluted basic earnings per share from                                                                          
     total operations                                                       (cents)     78                 1               80   
     Headline earnings per share                                            (cents)     70                 1               71   
     
12.4 Nature of changes in the accounting policies

     The nature of the changes in the accounting policies were as follows:

     Products       Nature, timing of satisfaction of performance      Nature of change in
     and services   obligations and significant payment terms          accounting policy         Impact
     
     Maintenance,   Software asset management services (including      Under IFRS 15,            This has resulted
     consumables    platform hosting) - perpetual licence sales        the licence and the       in revenue from
     and other                                                         service cannot be         perpetual licences
     support        Bytes UK provides Software Asset Management        separated and should      being deferred and
     services       Services. Certain management service contracts     therefore be classified   recognised over
                    are sold together with a perpetual licence.        as one performance        the contract term
                                                                       obligation. The timing    and an increase in
                    The majority of these contracts are paid for up    of revenue recognition    income received
                    front. Under IAS 18, the service together with     has therefore changed     in advance
                    the licence was accounted for as two separate      and licence sales         (reclassified to
                    revenue streams. Revenue from the licence was      should be deferred        contract liabilities).
                    recognised upfront, on the transfer of risks and   over the contract term.
                    rewards, while revenue from the service was        
                    recognised over the contract term.
     
12.5 Presentation of assets and liabilities related to contracts with customers

     Reclassification of Inventory Work in Progress to contract assets

     Altech Radio Holdings enters into government contracts mainly to build, operate and transfer Broadband
     Networks. The supply of equipment and build of the network is recognised as milestones are achieved per the
     agreement. Work has been completed but not billed, therefore the entitlement to consideration is recognised as
     a contract asset. This was previously recognised in inventory work in progress. The current period adjustment
     amounted to R77 million.

     Reclassification of other unbilled revenue to contract assets

     R149 million of unbilled revenue from contracts with customers was reclassified from trade and other
     receivables, including derivatives to contract assets.

     These contract assets relate to the group's rights to consideration for work completed but not billed at the
     reporting date.

     Reclassification of consideration received in advance to contract liabilities
     Income received in advance amounting to R561 million was reclassified to contract liabilities. This includes
     an adjustment for preventative maintenance on contracts amounting to R20 million for which revenue was
     previously deferred.

     Revenue continues to be deferred under IFRS 15, however, a contract liability is raised instead of a provision.

     Revenue will be recognised as the maintenance services are performed.

12.6 Adoption of IFRS 9

     The adoption of IFRS 9 had the following impact on the group:
 
     -  Change from IAS 39 incurred loss model to the expected credit loss (ECL) model to calculate impairments of
        financial instruments.
     -  Change in classification of the measurement categories for financial instruments.
 
12.7 Impairment

     Before the adoption of IFRS 9, the group calculated the allowance for credit losses using the incurred loss
     model. Under the incurred loss model, the group assessed whether there was any objective evidence of
     impairment at the end of each reporting period. If such evidence existed the allowance for credit losses in
     respect of financial assets at amortised cost was calculated as the difference between the asset's carrying
     amount and the present value of the estimated future cash flows discounted at the asset's original effective
     interest rate. 

     Under IFRS 9 the group calculates allowance for credit losses as ECLs for financial assets measured at
     amortised cost or at fair value through other comprehensive income (FVOCI) (except for investments in equity
     instruments) and to contract assets.

     ECLs are a probability weighted estimate of credit losses. Credit losses are measured as the present value of all
     cash shortfalls (i.e. the difference between the cash flows due to the entity in accordance with the contract and
     cash flows that the group expects to receive). ECLs are discounted at the original effective interest rate of the
     financial asset.

     The group applies the simplified approach to determine the ECL for trade receivables and contract assets.
     This results in calculating lifetime expected credit losses for these trade receivables.

     To measure the expected credit losses, trade receivables and contract assets have been grouped based on
     shared credit risk characteristics and the days past due. The contract assets relate to unbilled work completed
     and have substantially the same risk categories as the trade receivables.

     The group has therefore concluded that the expected loss rates for trade receivables are a reasonable
     approximation of the loss rates for the contract assets. ECL for trade receivables is calculated using a provision
     matrix where there is sufficient historical credit loss information. Where applicable, specific provisions are also
     considered.

     For contract assets and trade receivables with low default portfolios with insufficient historic annual internal
     defaults, ECLs are determined using a simplified PD/LGD/EAD approach.

     Provision matrix

     ECLs are calculated by applying a loss ratio to the aged balance of trade receivables at each reporting date.
     The loss ratio is calculated according to the ageing/payment profile of sales by applying historic write-offs to
     the payment profile of the sales population.

     Trade receivable balances have been grouped so that the ECL calculation is performed on groups of receivables
     with similar risk characteristics and historical loss patterns. The historic loss ratio is then adjusted for forward
     looking information to determine the ECL for the portfolio of trade receivables at the reporting period to the
     extent that there is a strong correlation between the forward-looking information and the ECL.

     Specific provision

     Specific provisions are applied when:

     -  evidence is available for a specific trade receivable which provides a more reliable loss estimate; and
     -  outlier trade receivables are identified. This would include trade receivables with significant exposures and
        or clearly different credit risk characteristics. The estimated ECL percentage is applied with adjustments
        using managements assessments and professional judgement.

     Simplified PD/LGD/EAD approach

     For low default portfolios with insufficient historic annual internal defaults, the ECL is calculated using a formula
     incorporating the following parameters: exposure at default (EAD), probability of default (PD), loss given
     default (LGD) (i.e. PD x LGD x EAD = ECL). Exposures are mainly segmented by customer type (e.g. sovereign/
     government, banks and corporates). Under this approach, external sources of information are considered for a
     representative of the company's trade receivables' exposure.

12.8 Classification, initial recognition and subsequent measurement

     IFRS 9 introduces new measurement categories for financial assets. The measurement categories of IFRS 9
     and IAS 39 are illustrated in the table below.

     From 1 March 2018, the group classifies financial assets in each of the IFRS 9 measurement categories based
     on the group's business model for managing the financial asset and the cash flow characteristics of the financial
     asset. There was no impact on the accounting for trade receivables, loans, FECs and share linked incentives
     ("SLI") hedges that are managed on a fair value basis.

     IAS 39 category                                                    IFRS 9 Category
     Financial assets at fair value through                             Financial assets at FVTPL
     profit or loss (FVTPL)                                             Financial assets at amortised cost
     Loans and receivables                                              Instruments at fair value through other
     Available for sale                                                 comprehensive income (FVOCI)*

     * This includes both debt and equity instruments. The biggest change is that on derecognition of equity instruments gains and losses
       accumulated in OCI are not reclassified to profit or loss.

     The following investments held for long-term strategic purposes, were classified as available for sale at
     28 February 2018.
     
     Under IFRS 9, the group has designated these investments as measured at FVOCI. Consequently, all fair value
     gains and losses will be reported in OCI, no impairment losses will be recognised in profit or loss and no gains
     or losses will be reclassified to profit or loss on disposal.
     
                                                                                                       Carrying      Carrying   
                                                                                                          value         value   
                                                                                                      31 August   28 February   
                                                                                                           2018          2018   
     R millions                                                                                          Note 9        Note 9   
     Preference share investment in Technologies Acceptances Receivables                                                        
     Proprietary Limited ("TAR")                                                                             21            21   
     Investment in Aberdare Cables Proprietary Limited                                                       94            94   
     Preference share investment in Auto X Proprietary Limited                                               83            91   
                                                                                                            198           206   
     
     The carrying value of the above investments approximate the fair value, therefore no adjustments were made
     to OCI in the current reporting period.
     
     Reclassification of derivative assets included in trade and other receivables to financial assets at fair value
     through profit and loss
     
     Previously the group included derivative assets at fair value in trade and other receivables. Derivative assets
     relate to the fair value of foreign currency contracts used for hedging and represent a separate measurement
     category under IFRS 9. For this reason, derivative assets amounting to R83 million have been reclassified and
     separately disclosed as financial assets at fair value through profit and loss.
     
     Reclassification of derivative liabilities included in trade and other payables to financial liabilities at fair value
     through profit and loss
     
     Previously the group included derivative liabilities at fair value in trade and other payables. Derivative assets
     relate to the fair value of foreign currency contracts used for hedging and represent a separate measurement
     category under IFRS 9. For this reason, derivative liabilities amounting to R20 million have been reclassified
     and separately disclosed as financial liabilities at fair value through profit and loss.

12.9 Transition to IFRS 9

     The group has applied IFRS 9 using the modified retrospective method, by recognising the cumulative effect of
     initially applying IFRS 9 as an adjustment to the opening balance of equity at 1 March 2018. The comparative
     information has not been restated and continues to be reported under IAS 39. There were no material
     adjustments to opening retained earnings.

     Hedge accounting

     The group uses forward foreign exchange contracts to hedge the variability in cash flows arising from changes
     in foreign exchange rates relating to foreign currency payables, receivables, sales and inventory purchases.

     Under IAS 39, the change in fair value of the forward element of the forward exchange contracts ('forward
     points') is recognised immediately in profit or loss.

     The group has elected not to adopt the hedge accounting requirements of IFRS 9, but to continue applying the
     hedge accounting requirements of IAS 39.

13.  STANDARDS ISSUED BUT NOT YET EFFECTIVE

     IFRS 16 Leases

     IFRS 16 replaces existing leases guidance, including IAS 17 Leases, IFRIC 4 Determining whether an
     Arrangement contains a Lease, SIC-15 Operating Leases - Incentives and SIC-27 Evaluating the Substance of
     Transactions Involving the Legal Form of a Lease. The standard is effective for annual periods beginning on or
     after 1 January 2019. Early adoption is permitted for entities that apply IFRS 15 at or before the date of initial
     application of IFRS 16.

     IFRS 16 introduces a single, on-balance sheet lease accounting model for lessees. A lessee recognises a right-
     of-use asset representing its right to use the underlying asset and a lease liability representing its obligation to
     make lease payments. There are recognition exemptions for short-term leases and leases of low-value items.
     Lessor accounting remains similar to the current standard i.e. lessors continue to classify leases as finance or
     operating leases. The group has completed an initial assessment of the potential impact on its consolidated
     financial statements but has not yet completed its detailed assessment. The actual impact of applying IFRS
     16 on the financial statements in the period of initial application will depend on future economic conditions,
     including the group's borrowing rate at 1 March 2019, the composition of the group's lease portfolio at that
     date, the group's latest assessment of whether it will exercise any lease renewal options and the extent to
     which the group chooses to use practical expedients and recognition exemptions.

     In addition, the nature of expenses related to those leases will now change as IFRS 16 replaces the straight-
     line operating lease expense with a depreciation charge for right-of-use assets and interest expense on lease
     liabilities.

     i.   Determining whether an arrangement contains a lease

          The group plans to apply the practical expedient to grandfather the definition of a lease on transition.
          This means that it will apply IFRS 16 to all contracts entered into before 1 March 2019 and identified as
          leases in accordance with IAS 17 and IFRIC 4.

     ii.  Transition

          As a lessee, the group will apply the standard using the modified retrospective approach with optional
          practical expedients. The lessee applies the election consistently to all of its leases. The group plans
          to apply IFRS 16 initially on 1 March 2019, using the modified retrospective approach. Therefore, the
          cumulative effect of adopting IFRS 16 will be recognised as an adjustment to the opening balance of retained
          earnings at 1 March 2019, with no restatement of comparative information.

          When applying the modified retrospective approach to leases previously classified as operating leases under
          IAS 17, the lessee can elect, on a lease-by-lease basis, whether to apply a number of practical expedients on
          transition. The group is assessing the potential impact of using these practical expedients. The group is not
          required to make any adjustments for leases in which it is a lessor except where it is an intermediate lessor
          in a sub-lease.

REVENUE INFORMATION AND DISAGGREGATION

The Altron group is a diversified group which derives its revenues and profits from a variety of sources.
Segmentation is based on the group's internal organisation and reporting of revenue and EBITDA based upon
internal accounting presentation (refer to summary of segment information).

Revenue by reportable segment is disaggregated by major product/service and geographic region below. 
The analysis excludes Discontinued operations and Corporate and Cons and financial services.

                                                             Altron ICT South African operations                 Altron ICT South African operations         Altron ICT International operations
                                                                                                              Altron Bytes
                                                                  Altron Bytes   Altron Bytes   Altron Bytes        Secure  Altron Bytes    Altron ICT        Bytes                   Altron ICT
31 August 2018                                                        Document        Managed         People   Transaction       Systems South African   Technology         Altron International  Altron
R millions                                           Altron ARH      Solutions      Solutions      Solutions     Solutions   Integration    operations     group UK Rest of Africa    operations   Arrow   Netstar
Revenue by product   
Project related revenue                                     256              -             60              -             2           136           454          115              -           115       -         -
Rental of hardware and related services                      21             11              -              -             4            29            65            -              -             -       -       732
Maintenance and support                                     130            135            308              -            36            80           689          318             32           350       -        10
Training and skills development                               -              -              -             40             -             -            40           16              -            16       -         -
Outsource services                                            -            151              -            172             3           264           590            -              -             -       -         -
Sale of hardware                                             89            423            149              -           130           382         1 173           63             98           161     287         -
Software and related licenses - one off                       -              -              -             25            97             -           122        1 963              -         1 963       -         -
Software and related licenses - recurring                     -              -              -              -             -             -             -        2 813              -         2 813       -         -
Software application and development                          -              -              -              -             -           137           137            -              -             -       -         -
Switching services and other transactional services           -              -              -              -           308             -           308            -              -             -       -         -
Total revenue                                               496            720            517            237           580         1 028         3 578       5 288             130         5 418     287       742
Revenue by geographic region                                        
Rest of Africa                                               37             71             59              -            10            56           233            -            130           130       -         2
South Africa                                                459            649            458            237           570           972         3 345            -              -             -     287       630
Total Africa                                                496            720            517            237           580         1 028         3 578            -            130           130     287       632
United Kingdom                                                -              -              -              -             -             -             -        5 075              -         5 075       -         -
Australia                                                     -              -              -              -             -             -             -            -              -             -       -       110
Other                                                         -              -              -              -             -             -             -          213              -           213       -         -
Total international                                           -              -              -              -             -             -             -        5 288              -         5 288       -       110
Total revenue                                               496            720            517            237           580         1 028         3 578        5 288            130         5 418     287       742 

                                                              Altron ICT South African operations                 Altron ICT South African operations         Altron ICT International operations
                                                                                                                                                                                             Altron
                                                                                                               Altron Bytes                      Altron                                         ICT
                                                                  Altron Bytes   Altron Bytes   Altron Bytes         Secure   Altron Bytes    ICT South         Bytes                        Inter-
31 August 2017*                                                       Document        Managed         People    Transaction        Systems      African    Technology          Altron      national  Altron
R millions                                           Altron ARH      Solutions      Solutions      Solutions      Solutions    Integration   operations      Group UK  Rest of Africa    operations   Arrow   Netstar
Revenue by product
Project related revenue                                     334              -             74              -              1            122          531            10               -            10       -         - 
Rental of hardware and related services                      22             11              -              -              2             26           61             -               -             -       -       651 
Maintenance and support                                     160            131            303              -             40             72          706           232              31           263       -        17 
Training and skills development                               -              -              -             73              -              -           73            13               -            13       -         - 
Outsource services                                            -            149              -            127              1            236          513             -               -             -       -         - 
Sale of hardware                                             70            369            140              -            108            342        1 029            42              83           125     291         - 
Software and related licenses - one off                       -              -              -             20             77              -           97           916               -           916       -         - 
Software and related licenses - recurring                     -              -              -              -              -              -            -         1 312               -         1 312       -         - 
Software application and development                          -              -              -              -              -            123          123             -               -             -       -         - 
Switching services and other transactional services           -              -              -              -            275              -          275             -               -             -       -         - 
Total revenue                                               586            660            517            220            504            921        3 408         2 525             114         2 639     291       668 
Revenue by geographic region                                                                                    
Rest of Africa                                               17             75             46              -              5             50          193             -             114           114       -         - 
South Africa                                                569            585            471            220            496            871        3 212             -               -             -     291       593 
Total Africa                                                586            660            517            220            501            921        3 405             -             114           114     291       593 
United Kingdom                                                -              -              -              -              -              -            -         2 374               -         2 374       -         - 
Australia                                                     -              -              -              -              -              -            -             -               -             -       -        75 
Other                                                         -              -              -              -              3              -            3           151               -           151       -         - 
Total international                                           -              -              -              -              3              -            3         2 525               -         2 525       -        75 
Total revenue                                               586            660            517            220            504            921        3 408         2 525             114         2 639     291       668

* The group has initially applied IFRS 15 using the cumulative effect method. Under this method, the comparative information is not restated. See note 12.

SEGMENT SUMMARY

The group has identified reportable segments that are used by the group executive committee (chief operating
decision maker (CODM)) to make key operating decisions, allocate resources and assess performance. The
reportable segments are grouped according to the group's internal organisation and reporting of revenue and
EBITDA based upon internal accounting presentation.

The segment revenue and earnings before interest, tax, depreciation and amortisation and capital items (EBITDA)
generated by each of the group's reportable segments are summarised as follows: 

                                                                  Revenue                           EBITDA
                                                           August      August    February    August      August      February
R millions                                                   2018       2017*       2018*      2018       2017*         2018* 
Altron ARH                                                    496         586       1 155         0          32            80   
Altron Bytes Document Solutions                               720         660       1 353        32          25            70   
Altron Bytes Managed Solutions                                517         517       1 027        30          32            74   
Altron Bytes People Solutions                                 237         220         438        23          19            29   
Altron Bytes Secure Transaction
Solutions                                                     580         504       1 073       134         110           253   
Altron Bytes Systems Integration**                          1 028         921       1 897        36          29           123   
Altron ICT
South African operations                                    3 578       3 408       6 943       255         247           629   
Bytes Technology Group UK                                   5 288       2 525       6 088       207         109           206   
Altron Rest of Africa                                         130         114         244        14          12            16   
Altron ICT
International operations                                    5 418       2 639       6 332       221         121           222   
Shared Services, Corporate and cons                             -           -           -         7           8            33   
Altron ICT                                                  8 996       6 047      13 275       483         376           884   
Netstar****                                                   742         668       1 378       258         227           481   
Altron Arrow                                                  287         291         560        15          21            33   
Corporate and con and financial
services                                                    (246)       (214)       (470)      (70)        (31)          (94)   
Normalised continuing operations                            9 779       6 792      14 743       686         593         1 304   
Foreign currency gains or deferred
acquisition liability                                           -           -           -         -         (2)             6   
Retrenchment and restructuring costs                            -           -           -       (9)        (47)          (77)   
Acquisition related costs                                       -           -           -         -           -           (8)   
Continuing operations
as reported                                                 9 779       6 792      14 743       677         544         1 225   
Altech Multimedia group                                       494         599         974        33          47            44   
Altech Autopage group                                           -           -           -       (4)         (7)          (23)   
Powertech Cables                                                -         103         103         -           5             5   
Powertech Transformers group***                               427         522       1 015        39        (51)          (28)   
Powertech Battery                                               -         344         344         -          33            33   
Powertech System integrators                                    -         214         241         -        (12)          (11)   
Other Powertech Segments                                        -         123         261       (3)        (24)          (12)   
Powertech group                                               427       1 306       1 964        36        (49)          (13)   
Discontinued operations                                       921       1 905       2 938        65         (9)             8   
Altron group                                               10 700       8 697      17 681       742         535         1 233   

*    The group has initially applied IFRS 15 using the modified retrospective method. Under this method, the comparative information is not
     restated. See note 12.
**   Bytes Systems Integration and Bytes Universal Systems were merged into one segment effective 1 October 2017.
***  Powertech Transformers group was disposed of 31 July 2018 (refer to note 7).
**** Contract fulfilment costs relating to hardware and fitment have been reclassified to depreciation. These expenses were previously
     included in operating costs before capital items.

                                                                                                   August   August   February   
R millions                                                                                           2018    2017*      2018*   
Segment EBITDA can be reconciled to group operating profit before                                                               
capital items as follows:                                                                                                       
Segment EBITDA                                                                                        742      535      1 233   
Reconciling items:                                                                                                              
Depreciation****                                                                                    (192)    (163)      (339)   
Amortisation                                                                                         (64)     (47)      (103)   
Group operating profit before capital items                                                           486      325        791   
Capital items                                                                                        (32)     (79)      (309)   
Results from operating activities                                                                     454      246        482   
Finance income                                                                                         85      110        220   
Finance expense                                                                                     (176)    (214)      (419)   
Share of profit of equity accounted investees, net of taxation                                          -      (1)        (1)   
Profit before taxation                                                                                363      141        282   

*  The group has initially applied IFRS 15 using the modified retrospective method. Under this method, the comparative information is not
   restated. See note 12.

SUPPLEMENTARY INFORMATION

                                                                                       Six months    Six months          Year   
                                                                                            ended         ended         ended   
                                                                                        31 August     31 August   28 February   
                                                                                             2018         2017*         2018*   
R millions                                                                            (Unaudited)   (Unaudited)     (Audited)   
Total operations                                                                                                                
Depreciation***                                                                               192           163           339   
Amortisation                                                                                   64            47           103   
Net foreign exchange (profit)/losses                                                         (31)             4            44   
Cashflow movements                                                                                                              
Capital expenditure (including intangibles)                                                    96           142           278   
Net additions to contract fulfilment costs                                                   (12)            26            58   
Additions to contract fulfilment costs                                                         95           118           257   
Depreciation of hardware and fitment***                                                     (107)          (92)         (199)   
Capital commitments                                                                            16             5             -   
Contingent liabilities                                                                                                          
There were no contingent liabilities identified as at 31 August 2018                                             
Lease commitments                                                                             452           410           513   
Payable within the next 12 months:                                                            176           166           180   
Payable thereafter:                                                                           276           244           333   
Weighted average number of shares                                        (millions)           371           369           370   
Diluted average number of shares                                         (millions)           373           371           372   
Shares in issue at end of period                                         (millions)           371           371           371   
Ratios (total operations)                                                                                                       
EBITDA margin                                                                   (%)           6.9           5.1           5.9   
ROCE                                                                            (%)         21.4^         14.5^          18.5   
ROE                                                                             (%)         19.5^         11.5^          16.7   
ROA                                                                             (%)         12.9^          9.5^          10.2   
RONA                                                                            (%)         17.4^         12.6^          15.5   
Current ratio                                                                               1.1:1         1.2:1         1.1:1   
Acid test ratio                                                                             0.9:1           1:1         0.9:1   

*   The group has initially applied IFRS 15 using the modified retrospective method. Under this method, the comparative information is not
    restated. During the current year, the group has also adopted IFRS 9 and, in accordance with the standard, comparative information has
    not been restated. See note 12
^   Annualised
*** Contract fulfilment costs:
    Contract fulfilment costs include hardware, fitment, commissions and other costs directly attributable to the negotiation and conclusion of
    customer service contracts.
    Contract fulfilment costs relating to hardware and fitment have been reclassified to depreciation. These expenses were previously included
    in operating costs.

Altron House
4 Sherborne Road, Parktown 2193
Gauteng SOUTH AFRICA

POSTAL
PO Box 981, Houghton 2041
Gauteng SOUTH AFRICA

www.altron.com



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