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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.