Update: Disposal of the ATM Hardware and Support Business of Altron Managed Solutions

(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share Code: AEL ISIN: ZAE000191342
(“Altron” or the “Company”)


Shareholders are referred to the announcement published on 27 October 2022 announcing the sale of
business agreement between the Company, through its wholly owned subsidiary, Altron TMT Proprietary
Limited (“ATMT”), and, NCR Corporation, through its wholly owned subsidiary Spark ATM Systems Proprietary
Limited (“NCR” or “the Purchaser”), in terms of which the Company will dispose, as a going concern, the ATM
hardware and support business of ATMT’s Altron Managed Solutions division to NCR (“the Transaction”).

Whilst the regulatory approvals for the Transaction have been received from the South African, Botswana and
Eswatini Competition Commissions, regulatory approval from Namibia Competition Commission is still
outstanding and thus, the Parties have agreed to extend the date for the fulfilment or waiver (to the extent
permissible) of the conditions precedent to 24 April 2023.

23 February 2023

Transaction Advisor
Marsden Advisory Pty Ltd

Investec Bank Limited

Background information

NCR Corporation (NYSE: NCR) is a leader in transforming, connecting and running technology platforms for
self-directed banking, stores and restaurants. NCR is headquartered in Atlanta, Ga., with 38,000 employees
globally. NCR is a trademark of NCR Corporation in the United States and other countries.

Spark ATM Systems Pty Ltd produces, installs, and manages automated teller machines. The Company offers
transaction processing, security, maintenance, advertising space, and other related services. Spark ATM
Systems conducts its business in South Africa. The company is a wholly-owned subsidiary of NCR Corp.

Date: 23-02-2023 05:00:00
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