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AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Resignation of a Prescribed Officer Resignation of a Prescribed Officer ALLIED ELECTRONICS CORPORATION LIMITED (Registration number 1947/024583/06) (Incorporated in the Republic of South Africa) Share code: AEL ISIN: ZAE000191342 ("Altron" or "Altron Group" or "the Company") RESIGNATION OF A PRESCRIBED OFFICER The Company announces that Mr Andrew Holden, Altron´s Chief Operating Officer has tendered his resignation effective from 31 May 2021. Mr Holden´s resignation applies to all his roles and responsibilities within the Altron Group and its affiliates effective from 31 May 2021. Mr Holden leaves the Altron Group to pursue career opportunities in the United Kingdom. The Company has accepted Mr Holden´s resignation and would like to express sincere appreciation to him for his years of dedicated service and to wish him well in his future endeavors. In line with the strategic direction of the Altron Group (Altron 2.0), the Board has elected not to replace the role of the Chief Operating Officer and Mr Holden´s portfolio will be absorbed by the existing Chief Executive Officer, Mr Mteto Nyati who has been a part of the Altron Group since 2017. Other operational functions handled by Mr Holden will be assumed by some members of the Executive Committee and this is in line with achieving cost efficiencies. Johannesburg 30 April 2021 Sponsor: Investec Bank Limited Date: 30-04-2021 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.