AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Renewal of cautionary announcement Renewal of cautionary announcement ALLIED ELECTRONICS CORPORATION LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1947/024583/06) Share code: AEL ISIN: ZAE000191342 ("Altron" or "the Company") RENEWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are referred to the announcement released on the Stock Exchange News Service on 2 April 2020 relating, inter alia, to the potential separation and separate listing of Altron´s UK subsidiary, Bytes Technology Group Limited on the London Stock Exchange (the "Potential Transaction"). Shareholders are advised that the Company is continuing its preparation work to effect the Potential Transaction and accordingly, Altron shareholders are advised to continue to exercise caution when dealing in the Company´s securities. Johannesburg 20 May 2020 Financial Advisor and Transaction Sponsor Rand Merchant Bank, a division of FirstRand Bank Limited Date: 20-05-2020 08:19:00 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.