AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Dealing in securities by an associate of a director, a director and a director of a major subsidiary Dealing in securities by an associate of a director, 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 AN ASSOCIATE OF A DIRECTOR, 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 : MJ Leeming Designation : Director Name of company : Altron Class of securities : Altron A ordinary shares Director´s associate : Ligitprops 110 Proprietary Limited Date of transaction : 24 July 2020 Number of securities : 20 000 Share price : R19.0876 Value of transaction : R381 753.38 Nature of transactions : On-market acquisition of securities Nature of interest : Indirect Benefcial Clearance to deal obtained : Yes Name of director : M Nyati Designation : Chief Executive Name of company : Altron Class of securities : Altron A ordinary shares Date of transaction : 22 July 2020 Number of securities : 65 685 High price : R19.03 Low price : R19.00 Volume weighted price : R19.0016 Value of transaction : R1 248 120.10 Nature of transactions : On-market settlement of shares pursuant to the automatic vesting and exercise of bonus shares Date of transaction : 22 July 2020 Number of securities : 91 792 High price : 19.03 Low price : 19.00 Volume weighted price : 19.0016 Value of transaction : R1 744 194.87 Date of transaction : 24 July 2020 Number of securities : 225 057 High price : 19.15 Low price : 19.05 Volume weighted price : 19.0512 Value of transaction : R4 287 605.92 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 in terms of The Altron 2009 Share Plan for financial planning purposes. 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 : 22 July 2020 Number of securities : 6 868 High price : 19.03 Low price : 19.00 Volume weighted price : 19.0016 Value of transaction : R130 502.99 Date of transaction : 24 July 2020 Number of securities : 14 277 High price : 19.15 Low price : 19.05 Volume weighted price : 19.0512 Value of transaction : R271 993.98 Nature of transactions : On-marklet settlement of shares pursuant to the automatic vesting and exercise of bonus shares Date of transaction : 22 July 2020 Number of securities : 15 315 High price : 19.03 Low price : 19.00 Volume weighted price : 19.0016 Value of transaction : R291 009.50 Date of transaction : 24 July 2020 Number of securities : 54 134 High price : 19.15 Low price : 19.05 Volume weighted price : 19.0512 Value of transaction : R1 031 317.66 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 28 July 2020 Sponsor Investec Bank Limited Date: 28-07-2020 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.