AEN: ALLIED ELECTRONICS CORPORATION LIMITED - Update announcement on the appointment of Altron´s Chief Executive Update announcement on the appointment of Altron´s Chief Executive Allied Electronics Corporation Limited (Registration number 1947/024583/06) (Incorporated in the Republic of South Africa) Share code: AEL ISIN: ZAE000191342 Share code: AEN ISIN: ZAE000191359 ("Altron" or "the company") UPDATE ANNOUNCEMENT ON THE APPOINTMENT OF ALTRON´S CHIEF EXECUTIVE Shareholders are referred to the announcement released on SENS on 7 March 2017 regarding the appointment of Mr Mteto Nyati as Altron Chief Executive and the stepping down as Chief Executive by Mr Robbie Venter. Shareholders are advised that Mr Nyati will assume the position of Altron Chief Executive with effect from 1 April 2017. Mr Venter will work closely with Mr Nyati during his handover period and the board looks forward to Mr Venter´s on-going participation as a non-executive director on the Altron board. Johannesburg 22 March 2017 Sponsor Investec Bank Limited Date: 22/03/2017 04:30:00 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.