Allocation of Bonus Shares in terms of the Altron 2009 Share Plan to Executive Director

Allocation of Bonus Shares in terms of the Altron 2009 Share Plan to Executive Director

ALTRON LIMITED
(Registration number 1947/024583/0)
(Incorporated in the Republic of South Africa)
Share code: AEL ISIN: ZAE000191342
(“Altron” or “Company”)

ALLOCATION OF BONUS SHARES IN TERMS OF THE ALTRON 2009 SHARE PLAN TO
EXECUTIVE DIRECTOR

In compliance with rule 3.63 of the JSE Listings Requirements, shareholders are hereby advised
that Bonus Shares have been offered to and accepted by Mr. Werner Kapp, on 28 February 2023
which Bonus Shares will vest in accordance with the Company’s 2009 Share Plan as outlined below.

Name: Werner Gerhard Kapp
Position held: Group Chief Executive
Nature of interest Direct
Bonus Shares Allocated: 1 500 000
Strike Price R0.00
Vesting date: 3 October 2023; 3 October 2024; and 3 October 2025
Clearance obtained Yes

Johannesburg

3 March 2023
Sponsor: Investec Bank Limited

Date: 03-03-2023 05:00:00
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