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

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 AN ASSOCIATE OF A DIRECTOR

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                    :              Value Capital Partners (Pty) Ltd*

Date of transaction                  :              31 October 2018
Number of securities                 :              279
Nature of transaction                :              On-market disposal of securities
Class of securities                  :              Altron A ordinary shares
Share price                          :              R17.5266
Value of transaction                 :              R4,889.92
Nature of interest                   :              Indirect Beneficial
Clearance to deal obtained           :              Yes


VCP´s back-office entered into the above trades on the 31 October 2018 to cover transaction costs
associated with an automatic portfolio rebalancing amongst its various funds for its month-end
process.

* Mr AC Ball and Mr S Sithole have an indirect beneficial interest in Value Capital Partners (Pty)
  Ltd ("VCP"), which is the advisor to Peregrine Fund Platform (Pty) Ltd, the registered investment
  manager for various funds advised by VCP.


Johannesburg
6 November 2018

Sponsor
Investec Bank Limited

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