AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Appointment of Altron Board Members to Netstar Appointment of Altron Board Members to Netstar ALLIED ELECTRONICS CORPORATION LIMITED (Registration number 1947/024583/06) (Incorporated in the Republic of South Africa) Share code: AEL ISIN: ZAE000191342 ("Altron") APPOINTMENT OF ALTRON BOARD MEMBERS TO NETSTAR Shareholders are referred to the Unaudited Consolidated Interim Results for the six months ended 31 August 2020 announcement released on 22 October 2020, wherein it was indicated that looking ahead, the Altron Board ("Board") will continue to pursue growth opportunities available to the group, including scaling up its own, high margin, IP platforms in, amongst others, vehicle Telematics in Netstar. As part of the Altron 2.0 strategy, and to take advantage of related opportunities for Netstar (including its Australian operations), additional expertise and experience are being added to the Netstar Board to reposition the business as it embarks on its next growth phase. Accordingly, the Board is pleased to announce the appointment of Messrs. Stewart van Graan and Brett Dawson, as non-executive directors on the Netstar Board, both with effect from 11 November 2020. Mr. Van Graan will also serve as the chairperson of Netstar from this date. Messrs. Van Graan and Dawson will join, amongst others, Mr. Marius Swanepoel, previously the CEO of Imperial Logistics Ltd, as non-executive directors of Netstar. Mr. Van Graan was formerly the Managing Director of Dell South Africa and also served as the chairperson of Dell SA. He is the former General Manager of Dell´s business in Africa. Prior to leaving Dell in April 2017, he was the Vice-President for the Enterprise Solutions business in the EMEA Emerging Markets. Prior to joining Dell, Mr. Van Graan spent 23 years at IBM in various positions, both locally and internationally. Mr. Dawson previously held senior positions within Dimension Data ("DiData"), 12 years of which as CEO of DiData plc. Prior to DiData, Mr. Dawson held senior executive positions at National Brands Ltd. Both Messrs. Van Graan and Dawson will remain in the roles as members of the Altron Board. Johannesburg 10 November 2020 Sponsor Investec Bank Limited Date: 10-11-2020 09:02:00 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.