AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Dealing in Securities by Directors and Company Secretary of Altron and its major subsidiaries Dealing in Securities by Directors and Company Secretary of Altron and its 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: 714 286 Allocation price of SARs: R14.98 Value of SARs: R10 700 000 Name of director: AJ Holden Designation: Altron Chief Operating Officer and Director of Major Subsidiary Name of company: Altron TMT Holdings (Pty) Ltd Number of SARs: 366 476 Allocation price of SARs: R14.98 Value of SARs: R5 489 813 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: 238 095 Allocation price of SARs: R14.98 Value of SARs: R3 566 667 Name of company secretary: DS Mashishi Designation: Altron Group Executive: Human Capital and Director of Major Subsidiary Name of company: Altron TMT Holdings (Pty) Ltd Number of SARs: 222 222 Allocation price of SARs: R14.98 Value of SARs: R3 328 889 Name of director: MZ Maubane Designation: Altron Group Executive: Marketing, PR and Communications and Director of Major Subsidiary Name of company: Altron TMT Holdings (Pty) Ltd Number of SARs: 208 730 Allocation price of SARs: R14.98 Total value of SARs: R3 126 778 Name of director: WK Groenewald Designation: Group Company Secretary Name of company: Altron Number of SARs: 72 222 Allocation price of SARs: R14.98 Value of SARs: R1 081 889 Allocation date for above 13 June 2018 transactions: Acceptance date for above transactions: 14 June 2018 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 14 June 2018 Sponsor Investec Bank Limited Date: 14/06/2018 01:45:00 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.