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Message to shareholders

The directors hereby present the Altech Group results for the six month period ending 31 August 2010.

Continued difficult general economic conditions and the global market stagnation impacted on certain of the market segments in which the Altech Group operates. Revenue increased to R4 788 billion with an operating profit of R361 million. Adjusted headline earnings per share were 224 cents compared to 304 cents in the prior year. Cash remains positive at half-year end at R318 million. Return on equity and capital employed are at healthy levels at 22% and 31% respectively.