AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Dealing in securities by Directors and Company Secretary of Altron and it's Major Subsidiaries Dealing in securities by Directors and Company Secretary of Altron and it's Major Subsidiaries Allied Electronics Corporation Limited (Registration number 1947/024583/06) (Incorporated in the Republic of South Africa) Share code: AEL ISIN: ZAE000191342 ("Altron" or "the Company") DEALING IN SECURITIES BY DIRECTORS AND COMPANY SECRETARY OF ALTRON AND ITS MAJOR SUBSIDIARIES: ALLOCATION OF SHARE APPRECIATION RIGHTS (SARS) IN TERMS OF THE ALTRON 2009 SHARE PLAN In compliance with rule 3.63 of the JSE Listings Requirements, the following information is disclosed: Name of director: M Nyati Designation: Chief Executive Name of company: Altron Number of SARs: 375 878 Allocation price of SARs: R18.60 Value of SARs: R6 991 331 Name of director: AJ Holden Designation: Altron Chief Operating Officer, Acting Chief Financial Officer and Director of Major Subsidiary Name of company: Altron TMT Holdings (Pty) Ltd Number of SARs: 267 106 Allocation price of SARs: R18.60 Value of SARs: R4 968 172 Name of director: MCS Govender Designation: Altron Group Executive: Shared Services and Director of Major Subsidiary Name of company: Altron TMT Holdings (Pty) Ltd Number of SARs: 155 737 Allocation price of SARs: R18.60 Value of SARs: R2 896 708 Name of director: DS Mashishi Designation: Altron Group Executive: Human Capital and Director of Major Subsidiary Name of company: Altron TMT Holdings (Pty) Ltd Number of SARs: 143 657 Allocation price of SARs: R18.60 Value of SARs: R2 672 020 Name of director: MZ Maubane Designation: Altron Group Executive: Marketing and Investor Relations and Director of Major Subsidiary Name of company: Altron TMT Holdings (Pty) Ltd Number of SARs: 136 161 Allocation price of SARs: R18.60 Total value of SARs: R2 532 595 Name of company secretary: WK Groenewald Designation: Group Company Secretary Name of company: Altron Number of SARs: 47 113 Allocation price of SARs: R18.60 Value of SARs: R876 302 Allocation date for above 27 February 2019 transactions: Acceptance date for above transactions: 27 February 2019 Nature of above transactions: Off-market allocation of SARs in accordance with the rules of The Altron 2009 Share Plan Nature of interest for above transactions: Direct beneficial Clearance to deal obtained: Yes Johannesburg 28 February 2019 Sponsor Investec Bank Limited Date: 28/02/2019 08:00:00 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.