AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Dealing in securities by an Associate of a Director
Dealing in securities by an Associate of a Director

(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share Code: AEL
ISIN: ZAE000191342


In compliance with the JSE Limited Listings Requirements, the following information is disclosed:

Director                                 :  Mr AC Ball
Title                                    :  Non-Executive Director
Director                                 :  Mr S Sithole
Title                                    :  Non-Executive Director
Company                                  :  Allied Electronics Corporation Limited
Name of Associate                        :  Mr Richard Leeming*

Date of transaction                      :  18 December 2020
Number of securities                     :  100 000
Nature of transaction                    :  On-market sale of securities
Class of securities                      :  Altron A ordinary shares
Share price                              :  R 11.0005
Value of transaction                     :  R 1 100 050
Nature of interest                       :  Indirect Beneficial*
Clearance to deal obtained               :  Yes

* Mr AC Ball and Mr S Sithole have an indirect beneficial interest in Value Capital Partners (Pty) Ltd
  ("VCP"), which is the registered investment manager for various funds managed by VCP. While Mr
  Richard Leeming´s shareholding does not form part of funds managed by VCP, Mr Richard Leeming is a
  nominee party as part of a nomination agreement with VCP whereby VCP is granted proxy to participate
  in and speak and vote at shareholders meetings of Altron, as VCP sees fit.

21 December 2020

Investec Bank Limited

Date: 21-12-2020 05:00:00
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