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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 Date: 03/07/2017 03:00:00 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.