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 : The Seabrooke Family Trust* Date of transaction : 3 November 2020 Number of securities : 211 682 Nature of transaction : On-market sale of securities Class of securities : Altron A ordinary shares Share price : R 28.77 Value of transaction : R 6 090 091.00 Nature of interest : Indirect Beneficial* Clearance to deal obtained : Yes Date of transaction : 4 November 2020 Number of securities : 28 454 Nature of transaction : On-market sale of securities Class of securities : Altron A ordinary shares Share price : R 29.41 Value of transaction : R 836 832.00 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. The above sales are not a disposal from the funds managed by VCP, but simply shares that The Seabrooke Family had nominated and appointed VCP a proxy to participate in and speak and vote at shareholders meetings of Altron, as VCP sees fit. Johannesburg 9 November 2020 Sponsor Investec Bank Limited Date: 09-11-2020 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.