AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Dealings by directors' associate
Dealings by directors' associate

ALLIED ELECTRONICS CORPORATION LIMITED
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share Code: AEL    ISIN: ZAE000191342

DEALING IN SECURITIES BY A DIRECTOR´S ASSOCIATE

In compliance with paragraph 3.63 - 3.64 of the JSE Limited Listings
Requirements, the following information is disclosed:

Director                               :    Mr AC Ball
Director                               :    Mr S Sithole
Company                                :    Allied Electronics Corporation
                                            Limited
Director´s Associate                   :    H4 Collective Investments (RF)
                                            Proprietary Limited act on behalf
                                            of the H4 Qualified Investor Hedge
                                            Fund Scheme in respect of the Value
                                            Active PFP H4 QI Hedge Fund ("the
                                            Fund"). Value Capital Partners
                                            Proprietary Limited (in which Mr AC
                                            Ball and Mr S Sithole each have a
                                            50% interest)are the advisors to
                                            Peregrine Fund Platform Proprietary
                                            Limited, the registered Fund
                                            investment manager, while Mr AC
                                            Ball and Mr S Sithole are the
                                            portfolio managers
Date of transaction                    :    18 December 2017
Number of securities                   :    10 000
Nature of transaction                  :    On-market acquisition of securities
Class of securities                    :    Altron A ordinary shares
Share price                            :    R11.01
Total value of transaction             :    R110 100.00
Nature of interest                     :    Indirect, Beneficial
Clearance obtained                     :    Yes

Johannesburg
19 December 2017

Sponsor
Investec Bank Limited

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