AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Dealing in securities by a Director and Company Secretary of Altron and a Director of a major subsidiary Dealing in securities by a Director and Company Secretary of Altron 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 COMPANY SECRETARY OF ALTRON AND A DIRECTOR OF A MAJOR SUBSIDIARY In compliance with the JSE Limited Listings Requirements, the following information is disclosed: Name of director : RE Venter Designation : Non-executive director * Name of company : Altron Date of transaction : 24 February 2020 Class of securities : Altron A ordinary shares Number of securities : 39 410 Exercise price : R20.00 Value of transaction R788 200 Nature of transaction : Settlement of shares pursuant to the automatic vesting and exercise of bonus shares Nature of interest : Direct Beneficial Clearance to deal obtained Yes Number of securities 236 961 Exercise price : R20.00 Value of transaction : R4 739 220 Nature of transaction : Settlement of shares pursuant to the vesting and exercise of performance shares Nature of interest Direct Beneficial Clearance to deal obtained : Yes * Allocations in capacity as executive director at the time Name of director : AJ Holden Designation : Chief Operating Officer and director of major subsidiary Name of company : Altron TMT Holdings (Pty) Ltd Date of transaction : 24 February 2020 Class of securities : Altron A ordinary shares Number of securities : 48 423 Exercise price : R20.00 Value of transaction : R968 460 Nature of transaction : Automatic vesting and issue of bonus shares Nature of interest : Direct Beneficial Clearance to deal obtained : Yes Number of securities : 94 104 Exercise price : R20.00 Value of transaction : R1 882 080 Nature of transaction : Vesting and issue of performance shares Nature of interest : Direct Beneficial Clearance to deal obtained : Yes Name of company secretary : WK Groenewald Designation : Group Company Secretary Name of company : Altron Date of transaction : 24 February 2020 Class of securities : Altron A ordinary shares Number of securities : 2 527 Exercise price : R20.00 Value of transaction : R50 540 Nature of transaction : Vesting and issue of bonus shares to settle tax liability Nature of interest : Direct Beneficial Clearance to deal obtained : Yes Number of securities : 4 727 Exercise price : R20.00 Value of transaction : R94 540 Nature of transaction : Vesting and issue of share appreciation rights Nature of interest : Direct Beneficial Clearance to deal obtained : Yes Johannesburg 26 February 2020 Sponsor Investec Bank Limited Date: 26-02-2020 10:00:00 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.