Dealing in Securities by an Associate of a Director

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


In compliance with paragraphs 3.63 – 3.74 of the Listings Requirements of the JSE Limited, shareholders
are advised of the following transactions by an associate of a director of the Company:

Director : Mr AC Ball
Title : Non-Executive Director
Director : Mr T Ngara
Title : Non-Executive Director
Company : Altron Limited
Name of Associate : Value Capital Partners Proprietary Limited *
Relationship : The Directors have an indirect beneficial interest
in Value Capital Partners Proprietary Limited *

Date of transaction : 26 July 2023
Class of securities : Altron A ordinary shares
Number of securities : 1 776 941
Lowest Price per security : R7.10
Highest Price per security : R7.50
VWAP : R7.347974
Value of transaction : R13 056 916.27
Nature of transaction : On-market purchase of securities
Nature of interest : Indirect, Beneficial
Clearance to deal obtained : Yes

* Mr AC Ball and Mr T Ngara have an indirect beneficial interest in Value Capital Partners Pty Ltd (“VCP”),
which is the registered investment manager to Value Capital Partners H4 QI Hedge Fund and various other

31 July 2023

Investec Bank Limited

Date: 31-07-2023 04:56:00
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