AEL: ALLIED ELECTRONICS CORPORATION LIMITED – Notification in terms of section 122(3) of the Companies Act and paragraph 3.83(b) of the Listings Requirements

AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Notification in terms of section 122(3) of the Companies Act and paragraph 3.83(b) of the Listings Requirements
Notification in terms of section 122(3) of the Companies Act and paragraph 3.83(b) of the Listings Requirements

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")

NOTIFICATION IN TERMS OF SECTION 122(3) OF THE COMPANIES ACT AND PARAGRAPH
3.83(b) OF THE JSE LIMITED LISTINGS REQUIREMENTS

In compliance with section 122(3)(b) of the Companies Act, 2008 (Act 71 of 2008), as amended
("Companies Act") and paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders
are advised that Altron has received notification in terms of section 122(1) of the Companies Act
that Value Capital Partners Proprietary Limited, through its Fund and associates, now holds
20.11% of the total number of ordinary securities of the Company in issue.

As required in terms of section 122(3)(a) of the Companies Act, Altron will file the required notice
with the Takeover Regulation Panel on 5 November 2018.

Johannesburg
2 November 2018

Sponsor
Investec Bank Limited

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