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AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Dealing in securities by a Director´s associate Dealing in securities by a Director´s associate ALLIED ELECTRONICS CORPORATION LIMITED (Registration number 1947/024583/06) (Incorporated in the Republic of South Africa) Share Code: AEL ISIN: ZAE000191342 DEALING IN SECURITIES BY A DIRECTOR´S ASSOCIATE In compliance with paragraph 3.63 - 3.64 of the JSE Limited Listings Requirements, the following information is disclosed: Director : Mr AC Ball Director : Mr S Sithole Company : Allied Electronics Corporation Limited Director´s Associate : H4 Collective Investments (RF) Proprietary Limited act on behalf of the H4 Qualified Investor Hedge Fund Scheme in respect of the Value Active PFP H4 QI Hedge Fund ("the Fund"). Value Capital Partners Proprietary Limited (in which Mr AC Ball and Mr S Sithole each have a 50% interest)are the advisors to Peregrine Fund Platform Proprietary Limited, the registered Fund investment manager, while Mr AC Ball and Mr S Sithole are the portfolio managers Date of transaction : 19 December 2017 Number of securities : 446 348 Nature of transaction : On-market acquisition of securities Class of securities : Altron A ordinary shares Share price : R11.35 Total value of transaction : R5 066 049.80 Nature of interest : Indirect, Beneficial Clearance obtained : Yes Johannesburg 20 December 2017 Sponsor Investec Bank Limited Date: 20/12/2017 10:25:00 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.