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AER
 AER                                                                             
Amalgamated Electronic Corporation Limited - Share placement with institutions  
Amalgamated Electronic Corporation Limited                                      
("Amecor") or ("the Company")                                                   
(Formerly Tisec Limited)                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/010036/06)                                            
Share code: AER                                                                 
ISIN: ZAE000070587                                                              
SHARE PLACEMENT WITH INSTITUTIONS                                               
The Company advises that it has placed around 6 000 000 ordinary shares with six
institutions to improve the liquidity of the Company"s shares on the JSE        
Limited.                                                                        
Rivonia                                                                         
19 May 2006                                                                     
SPONSOR                                                                         
Sansara Financial Services (Pty) Limited                                        
INVESTOR RELATIONS                                                              
Keyter Rech Investor Solutions cc                                               
Date: 19/05/2006 12:57:09 PM Produced by the JSE SENS Department                
                                                                                
                                                                                

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