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AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Notification in terms of section 122(3) of the Companies Act and paragraph 3.83(b) of the Listings Requirements Notification in terms of section 122(3) of the Companies Act and paragraph 3.83(b) of the Listings Requirements 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 JSE LIMITED LISTINGS REQUIREMENTS 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 JSE Limited Listings Requirements, 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 20.11% 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 5 November 2018. Johannesburg 2 November 2018 Sponsor Investec Bank Limited Date: 02/11/2018 03:35:00 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.