AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Dealing in securities by a director and a director of a major subsidiary Dealing in securities by a director and a director of a major subsidiary ALLIED ELECTRONICS CORPORATION LIMITED (Registration number 1947/024583/06) (Incorporated in the Republic of South Africa) Share Code: AEL ISIN: ZAE000191342 ("Altron") DEALING IN SECURITIES BY A DIRECTOR AND A DIRECTOR OF A MAJOR SUBSIDIARY In compliance with the JSE Limited Listings Requirements, the following information is disclosed: Name of director : M Nyati Designation : Chief Executive Name of company : Altron Class of securities : Altron A ordinary shares Date of transaction : 17 July 2020 Number of securities : 331 577 High price : R19.93 Low price : R19.80 Volume weighted price : R19.9045 Value of transaction : R6 599 874.40 Date of transaction : 21 July 2020 Number of securities : 12 574 High price : R19.80 Low price : R19.51 Volume weighted price : R19.5894 Value of transaction : R246 317.12 Nature of transactions : On-market settlement of shares pursuant to the automatic vesting and exercise of bonus shares Date of transaction : 21 July 2020 Number of securities : 10 028 High price : 19.80 Low price : 19.51 Volume weighted price : 19.5894 Value of transaction : R196 442.50 Nature of transaction : On-market settlement of shares pursuant to the vesting and exercise of share appreciation rights Nature of interest : Direct Beneficial Clearance to deal obtained : Yes The above shares/rights have been exercised by Mr Nyati for financial planning purposes and will be followed by further scheduled trading of share awards allocated in terms of The Altron 2009 Share Plan. Name of director : MCS Govender Designation : Chief Information Officer and director of major subsidiary Name of company : Altron TMT Holdings (Pty) Ltd Class of securities : Altron A ordinary shares Date of transaction : 20 July 2020 Number of securities : 10 000 Share price : R19.80 Value of transaction : R198 000 Date of transaction : 21 July 2020 Number of securities : 986 High price : 19.80 Low price : 19.51 Volume weighted price : 19.5894 Value of transaction : R19 315.15 Nature of transactions : On-market settlement of shares pursuant to the automatic vesting and exercise of bonus shares Date of transaction : 21 July 2020 Number of securities : 2 198 High price : 19.80 Low price : 19.51 Volume weighted price : 19.5894 Value of transaction : R43 057.50 Nature of transaction : On-market settlement of shares pursuant to the vesting and exercise of performance shares Nature of interest : Direct Beneficial Clearance to deal obtained : Yes Johannesburg 23 July 2020 Sponsor Investec Bank Limited Date: 23-07-2020 09:00:00 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.