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20 October 2017

AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Altron Updated Trading Statement
Altron Updated Trading Statement

Allied Electronics Corporation Limited
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share Code: AEL ISIN: ZAE000191342
("Altron" or "the company")

Altron Updated Trading Statement

Shareholders are referred to the trading statement released by the company on SENS on 13
September 2017. Shareholders are now advised that a reasonable degree of certainty exists
that in respect of the company´s total operations basic earnings per share for the six months
ended 31 August 2017 will be a profit of 22 - 23 cents (as against the previous corresponding
period profit of 6 cents).

Altron´s interim results for the financial half-year ended 31 August 2017 are expected to be
announced on 26 October 2017.

This trading statement has not been reviewed or reported on by Altron´s external auditor.

By order of the board.

Johannesburg
20 October 2017

Sponsor
Investec Bank Limited

Date: 20/10/2017 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

29 September 2017

AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Acquisition By Bytes Technology Group Limited Of The Entire Issued Share Capital Of Blenheim Group Limited
Acquisition By Bytes Technology Group Limited Of The Entire Issued Share Capital Of Blenheim Group Limited

Allied Electronics Corporation Limited
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share code: AEL ISIN: ZAE000191342
("Altron" or "the Company")

ACQUISITION BY BYTES TECHNOLOGY GROUP LIMITED ("BYTES UK") OF THE ENTIRE
ISSUED SHARE CAPITAL OF BLENHEIM GROUP LIMITED ("BLENHEIM")

1. INTRODUCTION

Shareholders are advised that Bytes UK, a wholly owned subsidiary of Allied Electronics Corporation
Limited ("Altron"), has entered into a share purchase agreement ("SPA") to acquire 100% of the
issued share capital of Blenheim on terms and conditions more fully set out in the SPA and as
summarised below ("the Transaction").

The salient terms and conditions of the Transaction are as follows:

- Bytes UK will acquire the issued share capital of Blenheim for a consideration of £35,9 million
(as detailed in paragraph 5 below);
- Blenheim is the holding company of Phoenix Software Limited ("Phoenix Software"), a
business focussed on the resale of software products and associated services; and
- standard warranties and indemnities associated with transactions of this nature will be
provided by Blenheim.

The Transaction is not subject to the fulfilment or waiver of any outstanding conditions precedent.

2. NATURE OF BUSINESS OF PHOENIX SOFTWARE

Phoenix Software specialises in end-to-end IT infrastructure solutions including software asset
management, software licensing, licence-management-as-a-service, hardware and devices,
managed services, cloud services, data storage, data centre infrastructure management, enterprise
software, servers, network security, unified communications and virtualisation.

Phoenix Software delivers transformational IT solutions such as workforce mobility, core
infrastructure, storage, hyper-converged infrastructure (HCI) and best-of-class IT security.

The business has been operating as a Value-Added-Reseller ("VAR") in the UK for over 27 years
and has vast experience of advising customers on the best-fit software licensing, hardware, Software
Asset Management, EUC and general IT services and solutions currently available.

It has established a reputation as one of the UK´s pre-eminent suppliers to public sector
organisations, with customers drawn from some of the UK´s largest organisations including the NHS,
Emergency Services, Housing Associations and a number of local authorities, as well as many
smaller organisations such as schools, charities and local businesses.

3. RATIONALE FOR THE TRANSACTION

The Transaction fits in with Altron´s strategic objectives of, inter alia, growing its international ICT
footprint in selected regions. Further strategic benefits of the Transaction include:

- Phoenix Software operates in the same industry as Bytes UK, albeit in Northern England and
predominantly servicing public sectors clients, while Bytes UK is dominant in the South of
England with primarily private sector clients. This makes the acquisition relatively low risk due
to similarity in products and services, while at the same time offering cross selling opportunities
for the combined entity;
- Phoenix Software will be integrated into the leadership structures of Bytes UK, which has a
demonstrable track record of strong performance in the UK market;
- The markets in which Bytes UK and Phoenix Software operate are showing double digit
growth;
- Phoenix Software has a strong track record of growth and stable profits spanning over 27
years;
- Phoenix Software has strong senior management who will offer continuity going forward;
- The acquisition will make the Bytes UK group a significant Microsoft LSP in the UK, further
leveraging off the latter´s success in the cloud computing space, among others;
- Altron sees significant synergies between the two businesses;
- Phoenix Software will add 3,100 new customers to Bytes UK, which will provide further cross
sell opportunities;
- The acquisition will add systems integrator/services capability to the Bytes UK group;
- Phoenix Software is highly cash generative, with a cash conversion ratio of close to 100%;
- The acquisition will be funded with a combination of inexpensive bank funding and Bytes UK´s
own resources, which should result in positive earnings accretion for Altron shareholders;
- The acquisition price translates into a relatively attractive EV/EBITDA multiple of 7x, while the
anticipated returns over a 3-year period exceeds Altron´s cost of capital thresholds.

4. EFFECTIVE DATE OF THE TRANSACTION

The Transaction between Bytes UK and Blenheim will become effective as per the SPA by no later
than 1 October 2017.

5. CONSIDERATION

The purchase consideration to be paid by Bytes UK as a result of the Transaction will be a total
cash consideration of £35,9 million ("the Purchase Consideration").

The Transaction will be funded from a combination of cash resources in Bytes UK, existing group
facilities and a new trade finance facility in Bytes UK.

6. NET ASSET VALUE OF AND PROFITS ATTRIBUTABLE TO BLENHEIM AND ITS
SUBSIDIARIES

The value of the net assets of Blenheim and its subsidiaries as at 31 October 2016 (being the date
of the most recent audited financial results) amounted to £1.7 million.

For the financial year ended 31 October 2016, Blenheim and its subsidiaries reported revenue of
£118.8 million, EBITDA of £5.08 million and a profit after tax of £3.6 million.

Blenheim´s historical financial statements have been prepared in accordance with UK GAAP.

7. CONDITIONS PRECEDENT TO THE TRANSACTION

The Transaction is not subject to the fulfilment or waiver of any outstanding conditions precedent.

8. IDENTITY OF THE SELLING SHAREHOLDERS

Bytes UK will acquire the entire issued share capital of Blenheim Group Limited, from the owner/
managers of the business, being private individuals.

9. CATEGORISATION OF THE TRANSACTION AND SHAREHOLDER APPROVAL

The Transaction is classified as a Category 2 transaction in terms of Section 9.15 of the JSE Listings
Requirements and accordingly will not require Altron shareholder approval.

By order of the board of Altron

Johannesburg
29 September 2017

Sponsor
Investec Bank Limited

Date: 29/09/2017 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

26 September 2017

AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Change in Function of Directors
Change in Function of Directors

Allied Electronics Corporation Limited
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share code: AEL ISIN: ZAE000191342
("Altron" or "the company")

CHANGE IN FUNCTION OF DIRECTORS

In compliance with paragraph 3.59(c) of the Listings Requirements of the JSE Limited,
shareholders are advised that following the restructuring of the Altron board, the following changes
in function of directors have been confirmed on 22 September 2017, with the sub-committees of
the board comprising the following individuals:

1. Risk Management Committee:

- RE Venter (Chairman)
- SW van Graan
- DNM Mokhobo
- M Nyati
- AMR Smith

2. Nomination Committee:

- MJ Leeming (Chairman)
- GG Gelink
- Dr PM Maduna
- AC Ball
- RE Venter

3. Remuneration Committee:

- AC Ball (Chairman)
- GG Gelink
- MJ Leeming
- Dr PM Maduna
- RE Venter

4. Social and Ethics Committee:

- DNM Mokhobo (Chairperson)
- SW van Graan
- M Nyati

5. Investment Committee:

- S Sithole (Chairman)
- BW Dawson
- RE Venter
- SW van Graan
- M Nyati
- AMR Smith

Johannesburg
26 September 2017

Sponsor
Investec Bank

Date: 26/09/2017 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

17 August 2017

AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Dealing in securities by directors and company secretary of Altron and certain of its major subsidiaries
Dealing in securities by directors and company secretary of Altron and certain of its major subsidiaries

Allied Electronics Corporation Limited
Registration number 1947/024583/06)
Incorporated in the Republic of South Africa)
Share code: AEL ISIN: ZAE000191342
("Altron" or "the company")

DEALING IN SECURITIES BY DIRECTORS AND COMPANY SECRETARY OF ALTRON AND
CERTAIN OF ITS MAJOR SUBSIDIARIES

In compliance with paragraph 3.63 of the JSE Listings Requirements, the following information is
disclosed:

Name of director: AMR Smith
Designation: Chief Financial Officer
Name of company: Allied Electronics Corporation Limited
Date of transaction: 15 August 2017
Number of securities: 32 325 Altron A ordinary shares
Exercise price: R12.61
Value of transaction R407 618.25
Nature of transaction: Settlement of shares (off market) pursuant to the automatic
vesting and exercise of Altron bonus shares in terms of The
Altron 2009 Share Plan as adopted and approved by
shareholders
Nature of interest: Direct beneficial
Clearance to deal obtained: Yes

Name of director: AJ Holden
Designation: Executive Director
Name of company: Altron TMT Holdings Proprietary Limited
Date of transaction: 16 August 2017

Number of securities: 11 925 Altron A ordinary shares
Exercise price: R12.61
Value of transaction R150 374.25
Nature of transaction: Settlement of shares (off market) pursuant to the automatic
vesting and exercise of Altron bonus shares in terms of The
Altron 2009 Share Plan as adopted and approved by
shareholders

Number of securities: 10 366 Altron A ordinary shares
Selling price: R12.45
Value of transaction R129 056.70
Nature of transaction: Sale of shares in the open market to settle the tax liability
arising as a result of the settlement of the shares referred to
above pursuant to the vesting and exercise of Altron bonus
shares
Nature of interest: Direct beneficial
Clearance to deal obtained: Yes

Name of director: JL Klein
Designation: Executive Director
Name of company: Altron TMT Holdings Proprietary Limited
Date of transaction: 16 August 2017
Number of securities: 17 118 Altron A ordinary shares
Price sold: R12.45
Value of transaction R213 119.10
Nature of transaction: Sale of shares in the open market pursuant to the vesting
and exercise of Altron bonus shares in terms of The Altron
2009 Share Plan as adopted and approved by shareholders.
Nature of interest: Direct beneficial
Clearance to deal obtained: Yes

Name of company secretary: WK Groenewald
Designation: Group Company Secretary
Name of company: Allied Electronics Corporation Limited
Date of transaction: 15 August 2017
Number of securities: 405 Altron A ordinary shares
Exercise price: R12.61
Value of transaction R5 107.05
Nature of transaction: Settlement of shares (off market) pursuant to the automatic
vesting and exercise of Altron bonus shares in terms of The
Altron 2009 Share Plan as adopted and approved by
shareholders
Nature of interest: Direct beneficial
Clearance to deal obtained: Yes

Johannesburg
17 August 2017

Sponsor
Investec Bank

Date: 17/08/2017 10:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

4 August 2017

AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Publication of Broad-Based Black Economic Empowerment Annual Compliance Report
Publication of Broad-Based Black Economic Empowerment Annual Compliance Report

Allied Electronics Corporation Limited
Registration number 1947/024583/06)
Incorporated in the Republic of South Africa)
Share code: AEL ISIN: ZAE000191342
("Altron" or "the company")

PUBLICATION OF BROAD-BASED BLACK ECONOMIC EMPOWERMENT ANNUAL
COMPLIANCE REPORT

Shareholders are advised that in accordance with paragraph 16.20 (g) and Appendix 1 to
Section 11 of the JSE Listing Requirements, the company´s annual compliance report in terms
of section 13G(2) of the Broad-Based Black Economic Empowerment Amendment Act, 46 of
2013, has been published and is available on the company´s website at www.altron.com

Johannesburg
4 August 2017

Sponsor
Investec Bank

Date: 04/08/2017 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2 August 2017

AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Dealing in securities by a director of Altron: Grant of Bonus Shares in terms of The Altron 2009 Share Plan
Dealing in securities by a director of Altron: Grant of Bonus Shares in terms of The Altron 2009 Share Plan

Allied Electronics Corporation Limited
Registration number 1947/024583/06)
Incorporated in the Republic of South Africa)
Share code: AEL ISIN: ZAE000191342
("Altron" or "the company")

Dealing in securities by a director of Altron: Grant of Bonus Shares in terms of The Altron
2009 Share Plan

In compliance with paragraph 3.63 of the JSE Listings Requirements, the following information is
disclosed:

Name of director: M Nyati
Designation: Chief Executive
Name of company: Altron
Number of bonus shares (nil cost): 409 836
Deemed value per share: R12.20
Deemed value of transaction: R5 000 000

Grant date for above transaction: 17 July 2017

Acceptance dates for above transaction: 1 August 2017

Nature of above transaction: Off-market grant of bonus shares in
accordance with the rules of The Altron 2009
Share Plan

Nature of interest for above transaction: Direct beneficial

Clearance to deal obtained: Yes

Johannesburg
2 August 2017

Sponsor
Investec Bank

Date: 02/08/2017 04:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

28 July 2017

AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Competition Commission Approves Disposal Of Powertech Systems Integrators to EOH Industrial Technologies
Competition Commission Approves Disposal Of Powertech Systems Integrators to EOH Industrial Technologies

Allied Electronics Corporation Limited
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share code: AEL ISIN: ZAE000191342
("Altron")

COMPETITION COMMISSION APPROVES DISPOSAL OF POWERTECH SYSTEMS
INTEGRATORS ("PTSI") TO EOH INDUSTRIAL TECHNOLOGIES ("EOH")

Shareholders are advised that the Competition Commission has approved the disposal of PTSI, to
EOH. PTSI forms part of Altron´s Power Technologies Group ("Powertech"). The disposal of PTSI
is part of the implementation of Altron´s business strategy to focus on its information technology
and telecommunications business and exit its non-core operations.

PTSI is a system engineering business which operates predominantly in the power and energy
sectors with customers that include power utilities and large power users in South Africa and Sub-
Saharan Africa. Its engineering solutions include secondary plant for substation automation,
network planning and control software, mobile workforce and asset management systems, and
systems for advanced and smart metering infrastructure.

Johannesburg
28 July 2017

Sponsor
Investec Bank

Date: 28/07/2017 02:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

17 July 2017

AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Results of the Annual General Meeting of Altron held on 17 July 2017
Results of the Annual General Meeting of Altron held on 17 July 2017

Allied Electronics Corporation Limited
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share code: AEL ISIN: ZAE000191342
("Altron" or "the company")

RESULTS OF THE ANNUAL GENERAL MEETING OF ALTRON HELD ON 17 JULY 2017

Altron shareholders are advised that the results of the business conducted at the annual
general meeting held on Monday, 17 July 2017 at 09:30 in The Altron Boardroom, 5
Winchester Road, Parktown, Johannesburg are as follows.

1. ANNUAL FINANCIAL STATEMENTS

The annual financial statements of the company, incorporating the external auditor, audit
committee and directors´ reports for the year ended 28 February 2017 were presented.

2. ORDINARY RESOLUTIONS NUMBERS 1.1 TO 1.3: ELECTION OF DIRECTORS

In terms of articles 25.5 and 25.6.1 of the company´s memorandum of incorporation, Mr
M Nyati, Mr SW van Graan, and Mr BW Dawson, were elected by separate resolutions
and each by way of a series of votes.

Election of Directors For % Against % Abstain
M Nyati 332 748 652 99.99 24 432 0.01 27 577
SW van Graan 332 675 875 99.97 87 115 0.03 37 671
BW Dawson 328 850 125 98.82 3 922 959 1.18 27 577

3. ORDINARY RESOLUTIONS NUMBERS 1.4 TO 1.7: RE-ELECTIONS OF DIRECTORS
In terms of articles 25.6.1 and 25.17 of the company´s memorandum of incorporation,
Mr MJ Leeming, Dr PM Maduna, Dr WP Venter and Mr RE Venter, retired from the board
and were re-elected by separate resolutions and each by way of a series of votes, for a
further term of office.

Re-Election of
Directors For % Against % Abstain

MJ Leeming 307 361 020 99.30 2 178 616 0.70 23 261 025
PM Maduna 307 351 909 99.28 2 217 989 0.72 23 230 763
WP Venter 297 115 558 95.95 12 555 636 4.05 23 129 467
RE Venter 305 550 964 91.82 27 220 026 8.18 29 671

4. ORDINARY RESOLUTION NUMBER 2: RE-APPOINTMENT OF EXTERNAL
AUDITOR

KPMG Inc., upon the recommendation of the Altron audit committee, was re-appointed
as the independent registered auditor of the company until the conclusion of the next
annual general meeting with Mr G Stanier as the designated auditor.

Re-Appointment of For % Against % Abstain
KPMG Inc.
332 596 906 99.99 24 432 0.01 179 323

5. ORDINARY RESOLUTIONS NUMBERS 3.1 TO 3.3: ELECTION OF AUDIT
COMMITTEE MEMBERS

Messrs GG Gelink, MJ Leeming and SW van Graan, all being independent non-
executive directors of the company, were each elected by way of separate resolutions
and each by way of a series of votes as members of the Altron audit committee, with
effect from the end of this annual general meeting.

Election of Audit For % Against % Abstain
Committee Members
GG Gelink 332 752 852 99.99 20 232 0.01 27 577
MJ Leeming 305 600 897 98.78 3 766 981 1.22 23 432 783
SW van Graan 332 675 875 99.97 87 115 0.03 37 671

6. ORDINARY RESOLUTION NUMBER 4: APPROVAL OF ALTRON REMUNERATION
POLICY

The company´s remuneration policy (excluding the remuneration of the non-executive
directors and the members of statutory and board committees, for their services as
directors and members of committees) as set out in Altron´s 2017 remuneration report
was approved by shareholders by way of a non-binding advisory vote.

Altron Remuneration For % Against % Abstain
Policy
307 402 368 99.35 1 998 317 0.65 23 399 976

7. ORDINARY RESOLUTION NUMBER 5: GENERAL AUTHORITY TO DIRECTORS
TO ALLOT AND ISSUE AUTHORISED BUT UNISSUED A ORDINARY SHARES

The general authority granted to the directors of the company to allot and issue the
unissued A ordinary shares of the company, as required by and subject to Altron´s
memorandum of incorporation, the requirements of the Companies Act of 2008, as
amended and the JSE Listings Requirements, was approved.

General Authority to For % Against % Abstain
Directors to Allot and
Issue Authorised but
Unissued A Ordinary
Shares
233 670 698 70.22 99 100 292 29.78 29 671

8. ORDINARY RESOLUTION NUMBER 7: AMENDMENT TO THE RULES OF THE
ALTRON 2009 SHARE PLAN

In accordance with the JSE Listings Requirements, the Altron board was authorised to
amend the rules of The Altron 2009 Share Plan.

General Authority to For % Against % Abstain
amend The Altron 2009
Share Plan
327 863 174 98.53 4 906 916 1.47 30 571

9. SPECIAL RESOLUTION NUMBER 1: REMUNERATION OF INDEPENDENT NON-
EXECUTIVE CHAIRMAN

The remuneration payable to Altron´s independent non-executive chairman, Mr MJ
Leeming, for his services as chairman of the company with effect from 1 September
2017, was approved.

Non-Executive For % Against % Abstain
Chairman´s
Remuneration
332 736 746 99.99 21 046 0.01 42 869

10. SPECIAL RESOLUTION NUMBER 2: REMUNERATION OF NON-EXECUTIVE
DIRECTORS

The remuneration payable to Altron´s non-executive directors for their services as non-
executive directors of the company with effect from 1 September 2017, was approved.

Non-Executive For % Against % Abstain
Directors´
Remuneration
332 736 746 99.99 21 046 0.01 42 869

11. SPECIAL RESOLUTION NUMBER 3: REMUNERATION PAYABLE TO NON-
EXECUTIVE DIRECTORS PARTICIPATING IN STATUTORY AND BOARD
COMMITTEES

The remuneration payable to Altron´s non-executive directors for their services as non-
executive directors participating in the statutory and board committees of the company
with effect from 1 September 2017, was approved.

Statutory and Board For % Against % Abstain
Committee
Remuneration
330 750 120 99.40 2 007 672 0.60 42 869

12. SPECIAL RESOLUTION NUMBER 4: REMUNERATION PAYABLE TO NON-
EXECUTIVE DIRECTORS FOR PARTICIPATING IN SPECIAL / UNSCHEDULED
BOARD MEETINGS AND AD-HOC STRATEGIC PLANNING SESSIONS

The remuneration payable to Altron´s non-executive directors for their services as non-
executive directors participating in special / unscheduled board meetings and ad hoc
strategic planning sessions of the board with effect from 1 September 2017, was
approved.

Remuneration For Ad- For % Against % Abstain
Hoc Board Meetings
332 736 746 99.99 16 846 0.01 47 069

13. SPECIAL RESOLUTION NUMBER 5: REMUNERATION PAYABLE TO NON-
EXECUTIVE DIRECTORS (EXCLUDING THE ALTRON CHAIRMAN) IN
EXCEPTIONAL CIRCUMSATANCES FOR ADDITIONAL WORK PERFORMED
OUTSIDE OF THEIR PARTICPATION IN BOARD AND/ OR COMMITTEE
MEETINGS

The remuneration payable to Altron´s non-executive directors in exceptional
circumstances for additional work performed outside of their participation in board and /
or committee meetings with effect from 1 September 2017, was approved.

Remuneration for For % Against % Abstain
exceptional
circumstances for
additional work
260 624 565 84 49 633 322 16 22 542 774

14. SPECIAL RESOLUTION NUMBER 6: FINANCIAL ASSISTANCE TO EMPLOYEE
SHARE SCHEME BENEFICIARIES AND RELATED OR INTER-RELATED
COMPANIES AND CORPORATIONS

The ability of the company to provide direct or indirect financial assistance to employee
share scheme beneficiaries (including directors and prescribed officers) and related or
inter-related companies and corporations, to the extent required by sections 44 and 45
of the Companies Act of 2008 and subject to the JSE Listings Requirements and Altron´s
memorandum of incorporation, was approved.

Financial Assistance For % Against % Abstain
327 437 908 98.40 5 327 233 1.60 35 520

Ordinary resolution number 6, relating to the general authority to allot and issue shares for
cash, was withdrawn prior to the commencement of the annual general meeting. This was in
line with feedback from the company´s shareholders who hold the view that the intrinsic value
of Altron´s share exceeds its current share price.

Accordingly, all the resolutions as set out in the notice of annual general meeting, save for the
above withdrawal, were passed by the requisite majority of votes.

The special resolutions will, to the extent necessary, be filed and registered with the
Companies and Intellectual Property Commission.

Johannesburg
17 July 2017

Sponsor: Investec Bank Limited

Date: 17/07/2017 12:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

10 July 2017

AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Disposal by Power Technologies Proprietary Limited of its Crabtree Electrical Accessories Business to Siemens AG
Disposal by Power Technologies Proprietary Limited of its Crabtree Electrical Accessories Business to Siemens AG

Allied Electronics Corporation Limited
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share code: AEL ISIN: ZAE000191342
("Altron")

DISPOSAL BY POWER TECHNOLOGIES PROPRIETARY LIMITED ("POWERTECH") OF ITS
CRABTREE ELECTRICAL ACCESSORIES BUSINESS TO SIEMENS AG

Shareholders are advised that Powertech, a wholly-owned subsidiary of Altron, has entered into an
agreement whereby it will dispose of Crabtree Electrical Accessories ("Crabtree") to Siemens AG.
The disposal of Crabtree is part of the implementation of Altron´s business strategy to focus on its
information technology and telecommunications business and exit its manufacturing operations.
The transaction is subject to the grant of approvals by the relevant competition authorities.

Johannesburg
10 July 2017

Sponsor
Investec Bank

Date: 10/07/2017 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

3 July 2017

AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Disposal by Powertech of Powertech Battery Group to Trinitas
Disposal by Powertech of Powertech Battery Group to Trinitas

Allied Electronics Corporation Limited
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share code: AEL ISIN: ZAE000191342
("Altron" or "the company")

DISPOSAL BY POWER TECHNOLOGIES PROPRIETARY LIMITED ("POWERTECH") OF ITS
AUTOMOTIVE BATTERY BUSINESSES ("POWERTECH BATTERY GROUP") TO TRINITAS
FUND GENERAL PARTNER PROPRIETARY LIMITED ("TRINITAS")

Shareholders are referred to the announcement released by the company on SENS on 1
November 2016 advising that Powertech, a subsidiary of Altron, has entered into a binding offer
("the Offer") with Trinitas, whereby Powertech Industries Proprietary Limited will dispose of the
Powertech Batteries business to Trinitas on terms and conditions more fully set out in the Offer as
summarised in the announcement on 1 November 2016.

Shareholders are advised that all conditions precedent have been met and that the transaction has
become effective.

Johannesburg
3 July 2017

Sponsor
Investec Bank

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