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AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Retirement of Non-Executive Director: Dr Bill Venter Retirement of Non-Executive Director: Dr Bill Venter Allied Electronics Corporation Limited (Registration number 1947/024583/06) (Incorporated in the Republic of South Africa) Share code: AEL ISIN: ZAE000191342 ("Altron") RETIREMENT OF NON-EXECUTIVE DIRECTOR: DR BILL VENTER In compliance with paragraph 3.59 of the JSE Listings Requirements, shareholders are advised that Dr WP Venter, Chairman Emeritus and the founder of Altron 53 years ago, has taken the decision to retire as non-executive director of the Altron Board, with effect from 31 July 2018. The Board, on behalf of the Altron group, takes this opportunity to sincerely thank Dr Venter for the important and central role he has played in the development of the South African electronics industry and the South African economy as a whole. The Board furthermore expresses its utmost gratitude to Dr Venter for his entrepreneurial skills, leadership and significant contribution brought to Altron over the years. Dr Venter has confirmed his confidence in the Board and its leadership and wishes all concerned much success. He remains a significant shareholder of Altron. The Board wishes Dr Venter the very best for the future as Altron continues its growth as a leading ICT group. Johannesburg 31 July 2018 Sponsor Investec Bank Limited Date: 31/07/2018 12:00:00 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.