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AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Dealing in securities by an associate of a director Dealing in securities by an associate of a director ALLIED ELECTRONICS CORPORATION LIMITED (Registration number 1947/024583/06) (Incorporated in the Republic of South Africa) Share Code: AEL ISIN: ZAE000191342 ("Altron") DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR In compliance with the JSE Limited Listings Requirements, the following information is disclosed: Director : Mr AC Ball Title : Non-Executive Director Director : Mr S Sithole Title : Non-Executive Director Company : Allied Electronics Corporation Limited Name of Associate : Value Capital Partners (Pty) Ltd* Date of transaction : 28 December 2018 Number of securities : 164 898 Nature of transaction : On-market purchase of securities Class of securities : Altron A ordinary shares Share price : R 16.9751 Value of transaction : R 2 799 160.04 Nature of interest : Indirect Beneficial Clearance to deal obtained : Yes Date of transaction : 31 December 2018 Number of securities : 180 356 Nature of transaction : On-market purchase of securities Class of securities : Altron A ordinary shares Share price : R17.8979 Value of transaction : R3 227 993.65 Nature of interest : Indirect Beneficial Clearance to deal obtained : Yes * Mr AC Ball and Mr S Sithole have an indirect beneficial interest in Value Capital Partners (Pty) Ltd ("VCP"), which is the advisor to Peregrine Fund Platform (Pty) Ltd, the registered investment manager for various funds advised by VCP. Johannesburg 2 January 2019 Sponsor Investec Bank Limited Date: 02/01/2019 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.