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

DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR

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
Company Altron Limited
Director : Mr TR 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 : 14 August 2023
Class of securities : Altron A ordinary shares
Number of securities : 292 588
Lowest Price per security : R7.00
Highest Price per security : R7.99
VWAP : R7.998475
Value of transaction : R2 340 257.80
Nature of transaction : On-market purchase of securities
Nature of interest : Indirect, Beneficial
Clearance to deal obtained : Yes

Date of transaction : 15 August 2023
Class of securities : Altron A ordinary shares
Number of securities : 742 130
Lowest Price per security : R7.99
Highest Price per security : R8.20
VWAP : R8.128876
Value of transaction : R6 032 682.75
Nature of transaction : On-market purchase of securities
Nature of interest : Indirect, Beneficial
Clearance to deal obtained : Yes

Date of transaction : 16 August 2023
Class of securities : Altron A ordinary shares
Number of securities : 768 341
Lowest Price per security : R8.20
Highest Price per security : R8.50
VWAP : R8.494103
Value of transaction : R6 526 367.59
Nature of transaction : On-market purchase of securities
Nature of interest : Indirect, Beneficial
Clearance to deal obtained : Yes

* Mr AC Ball and Mr TR 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
funds

Johannesburg
21 August 2023

Sponsor
Investec Bank Limited

Date: 21-08-2023 10:16:00
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