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 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.