AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Results of the Annual General Meeting of Altron held on 15 July 2020
Results of the Annual General Meeting of Altron held on 15 July 2020

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")


RESULTS OF THE ANNUAL GENERAL MEETING OF ALTRON HELD ON 15 JULY 2020

Shareholders are advised that the results of the business conducted at the Altron annual
general meeting held through electronic communication on Wednesday, 15 July 2020 are as
follows:

     Total number of issued              Number of ordinary            Percentage of voteable
            ordinary shares       shares represented at the                   ordinary shares
                                                    meeting                represented at the
                                                                                      meeting

                 400 477 483                     340 204 009                           90.97%

Annual financial statements

The annual financial statements of the company, incorporating the external auditor, audit
committee and directors´ reports for the year ended 29 February 2020, were presented.

Details of the results of voting at the annual general meeting are as follows:

Resolution proposed                                             For       Against  Abstain*

Ordinary resolution number 1.1: Re-election of              93.88%          6.12%    0.01%
director: Mr AC Ball
Ordinary resolution number 1.2: Re-election of              92.38%          7.62%    0.01%
director: Mr BW Dawson
Ordinary resolution number 1.3: Re-election of              97.32%          2.68%    0.01%
director: Mr GG Gelink
Ordinary resolution number 1.4: Re-election of              94.44%          5.56%    0.01%
director: Mr MJ Leeming
Ordinary resolution number 1.5: Re-election of              98.49%          1.51%    0.01%
director: Mr M Nyati
Ordinary resolution number 1.6: Re-election of              98.45%          1.55%    0.01%
director: Mr S Sithole
Ordinary resolution number 1.7: Re-election of                100%          0.00%    0.03%
director: Mr SW van Graan
Ordinary resolution number 1.8: Re-election of              88.52%         11.48%    0.75%
director: Mr RE Venter
Ordinary resolution number 2: Re-appintment of                100%          0.00%    0.01%
external auditor
Ordinary resolution number 3.1: Election of audit           99.98%          0.02%    0.02%
committee member: Mr GG Gelink
Ordinary resolution number 3.2: Election of audit           97.38%          2.62%    0.03%
committee member: Mr SW van Graan
Ordinary resolution number 3.3: Election of audit             100%          0.00%    0.02%
committee member: Ms BJ Francis
Ordinary resolution number 4: Endorsement of                86.12%         13.88%    0.01%
Altron Group Remuneration Policy
Ordinary resolution number 5: Endorsement of                87.55%         12.45%    0.03%
implementation of Altron Group Remuneration Policy
Ordinary resolution number 6: General authority to          67.02%         32.98%    0.01%
directors to allot and issue authorised but unissued A
ordinary shares
Ordinary resolution number 7: Authority to                  99.98%          0.02%    0.01%
implement resolutions passed at the AGM
Special resolution number 1: Remuneration of                  100%          0.00%    0.03%
independent non-executive chairman
Special resolution number 2: Remuneration of non-             100%          0.00%    0.03%
executive directors
Special resolution number 3:1: Remuneration                   100%          0.00%    0.03%
payable to audit committee chairman
Special resolution number 3:2: Remuneration                   100%          0.00%    0.03%
payable to audit committee member
Special resolution number 3:3: Remuneration                   100%          0.00%    0.03%
payable to remuneration committee chairman
Special resolution number 3:4: Remuneration                   100%          0.00%    0.03%
payable to remuneration committee member
Special resolution number 3:5: Remuneration                   100%          0.00%    0.03%
payable to risk management committee chairman
Special resolution number 3:6: Remuneration                   100%          0.00%    0.03%
payable to risk management committee member
Special resolution number 3:7: Remuneration                   100%          0.00%    0.03%
payable to nomination committee chairman
Special resolution number 3:8: Remuneration                   100%          0.00%    0.03%
payable to nomination committee member
Special resolution number 3:9: Remuneration                   100%          0.00%    0.03%
payable to social, ethics and sustainaibility committee
chairman
Special resolution number 3:10: Remuneration                  100%          0.00%    0.03%
payable to social, ethics and sustainability committee
member
Special resolution number 3:11:                               100%          0.00%    0.03%
Remuneration payable to investment committee
chairman
Special resolution number 3:12:                               100%          0.00%    0.03%
Remuneration payable to investment committee
member
Special resolution number 4: Remuneration                   94.07%          5.93%    0.03%
payable to non-executive directors for participating in
special / unscheduled board and committee meetings
and strategy sessions
Special resolution number 5: General authority to           99.02%          0.98%    0.01%
provide financial assistance to related or inter-related
companies

*Abstentions are represented as a percentage of total issued ordinary shares.

Accordingly, all the resolutions as set out in the notice of annual general meeting, were passed
by the requisite majority of votes. The special resolutions will, to the extent necessary, be filed
and registered with the Companies and Intellectual Property Commission.

Johannesburg
16 July 2020

Sponsor: Investec Bank Limited

Date: 16-07-2020 08:30:00
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