AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Dealings in securities Dealings in securities ALLIED ELECTRONICS CORPORATION LIMITED (Registration number 1947/024583/06) (Incorporated in the Republic of South Africa) Share Code: AEL ISIN: ZAE000191342 ("Altron" or "Altron Group") DEALING IN SECURITIES BY A PRESCRIBED OFFICER AND DIRECTOR OF A MAJOR SUBSIDIARY OF THE ALTRON GROUP In compliance with paragraph 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information is disclosed: Director : Mr AJ Holden Company : Altron TMT Holdings (Pty) Limited (major subsidiary of Altron) Date of transaction : 22 February 2021 Number of securities : 17 615 Class of securities : Altron A ordinary shares VWAP : R11.91 Highest Price per Share : R12.20 Lowest Price per Share : R11.87 Total value of transaction : R209,831.64 Nature of transaction : Sale of shares in the open market Nature of interest : Direct beneficial Clearance obtained : Yes Director : Mr AJ Holden Company : Altron TMT Holdings (Pty) Limited (major subsidiary of Altron) Date of transaction : 23 February 2021 Number of securities : 17 520 Class of securities : Altron A ordinary shares VWAP : R11.91 Highest Price per Share : R12.19 Lowest Price per Share : R11.69 Total value of transaction : R205,388.71 Nature of transaction : Sale of shares in the open market Nature of interest : Direct beneficial Clearance obtained : Yes Director : Mr AJ Holden Company : Altron TMT Holdings (Pty) Limited (major subsidiary of Altron) Date of transaction : 24 February 2021 Number of securities : 159 505 Class of securities : Altron A ordinary shares VWAP : R11.85 Highest Price per Share : R12.02 Lowest Price per Share : R11.69 Total value of transaction : R1, 890, 309.71 Nature of transaction : Sale of shares in the open market Nature of interest : Direct beneficial Clearance obtained : Yes In addition to being a director of a major subsidiary of the Altron Group, Mr AJ Holden is also a prescribed officer of the Altron Group (Chief Operating Officer). Johannesburg 25 February 2021 Sponsor Investec Bank Limited Date: 25-02-2021 05:26:00 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.