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 : 23 August 2023
Class of securities : Altron A ordinary shares
Number of securities : 344 934
Lowest Price per security : R 8.45
Highest Price per security : R 8.50
VWAP : R 8.499998
Value of transaction : R 2 931 938.31
Nature of transaction : On-market purchase of securities
Nature of interest : Indirect, Beneficial
Clearance to deal obtained : Yes

Date of transaction : 24 August 2023
Class of securities : Altron A ordinary shares
Number of securities : 3 964 128
Lowest Price per security : R 8.50
Highest Price per security : R 8.90
VWAP : R 8.73003
Value of transaction : R 34 606 956.36
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
28 August 2023

Sponsor
Investec Bank Limited

Date: 28-08-2023 11:51:00
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