Dealings in securities by a director and allocation of Share Appreciation Rights

Dealings in securities by a director and allocation of Share Appreciation Rights

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”)

DEALING IN SECURITIES BY A DIRECTOR AND ALLOCATION OF SHARE
APPRECIATION RIGHTS (SARs) IN TERMS OF THE ALTRON 2009 SHARE PLAN

In compliance with rule 3.63 of the JSE Listings Requirements, the following information is
disclosed:

Director Mr C Miller
Designation Chief Financial Officer
Company Altron

Dealing in securities:

Date of transaction 17 May 2019
Number of securities 161 138
Nature of transaction On-market purchase of securities
Class of securities Altron A ordinary shares
Share price R22.85
Value of transaction R3 682 003.30
Nature of interest Direct beneficial
Clearance to deal obtained Yes

Allocation of share appreciation rights (SARs) in terms of The Altron 2009 Share Plan:

Mr Miller has been awarded 1 300 000 off-market allocation of SARs at an allocation price of
R22.85 in accordance with the rules of The Altron 2009 Share Plan. The SARs are conditional
on, inter alia, share price growth and the fulfilment of performance criteria, as imposed by the
Altron Board. Subject to performance, vesting will occur in May 2022, May 2023 and May 2024.

Allocation and acceptance date for above 20 May 2019
transaction
Nature of interest for above transactions Direct beneficial
Clearance to deal obtained Yes

Johannesburg
21 May 2019

Sponsor
Investec Bank Limited

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