AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Further Update on The Disposal by Altron of its interest in Powertech Transformers Further Update on The Disposal by Altron of its interest in Powertech Transformers Allied Electronics Corporation Limited (Registration number 1947/024583/06) (Incorporated in the Republic of South Africa) Share code: AEL ISIN: ZAE000191342 ("Altron") FURTHER UPDATE ON THE DISPOSAL BY ALTRON OF ITS INTEREST IN POWERTECH TRANSFORMERS Shareholders are referred to the announcements released on SENS on 15 November 2017 and 4 April 2018 relating to the disposal by Altron, through various of its subsidiaries, of its interest in the Powertech Transformers group on the terms and conditions applicable thereto. As certain conditions precedent to the transaction are still being attended to, the parties have mutually agreed on an extension for the transaction to close by 31 July 2018. Altron has been provided with additional contractual assurances from the purchaser with regard to their commitment to finalising this transaction. Johannesburg 15 June 2018 Sponsor Investec Bank Limited Date: 15/06/2018 09:16:00 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.