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AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Notification in terms of section 122(3) of the Companies Act and 3.83(b) of the Listings Requirements of JSE Limited Notification in terms of section 122(3) of the Companies Act and 3.83(b) of the Listings Requirements of JSE 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") NOTIFICATION IN TERMS OF SECTION 122(3) OF THE COMPANIES ACT AND PARAGRAPH 3.83(b) OF THE LISTINGS REQUIREMENTS OF JSE LIMITED In compliance with section 122(3)(b) of the Companies Act, 2008 (Act 71 of 2008), as amended ("Companies Act") and paragraph 3.83(b) of the Listings Requirements of JSE Limited, shareholders are advised that Altron has received notification in terms of section 122(1) of the Companies Act that Value Capital Partners Proprietary Limited, through its Fund and associates, now holds 15.17% of the total number of ordinary securities of the Company in issue. As required in terms of section 122(3)(a) of the Companies Act, Altron will file the required notice with the Takeover Regulation Panel on 26 May 2017. Johannesburg 25 May 2017 Sponsor Investec Bank Limited Date: 25/05/2017 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.