Results of extraordinary general meeting

Results of extraordinary general meeting

ALLIED ELECTRONICS CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1947/024583/06)
Share code: AEL
ISIN: ZAE000191342
(“Altron” or “the Company”)

RESULTS OF EXTRAORDINARY GENERAL MEETING

At the extraordinary general meeting (“EGM”) of the shareholders of Altron held today, Tuesday, 1 December 2020 all the ordinary and special resolutions proposed at
the EGM were approved by the requisite majority of votes. In this regard, Altron confirms the voting statistics from the EGM as follows:

Votes cast disclosed as a percentage
in relation to the total number of Shares voted Shares abstained
shares voted at the meeting disclosed as a disclosed as a
Number of percentage in percentage in
Resolutions shares voted relation to the total relation to the total
issued shares* issued shares*

For Against
Ordinary resolution 1: Approval of the
Disposal as a Category 1 Transaction 100.00% 0.00% 335 248 066 83.45% 0.01%

Ordinary resolution 2: General
Authority 99.96% 0.04% 335 251 066 83.45% 0.01%

Special resolution 1: Approval of the
Disposal in terms of section 115(2)(b) of 100.00% 0.00% 335 246 166 83.45% 0.01%
the Companies Act

Special resolution 2: Approval of the
Distribution in terms of section 112 and 100.00% 0.00% 335 251 066 83.45% 0.01%
115(2)(a) of the Companies Act

*Total issued shares is 369 466 878 (net of treasury shares).

The special resolution/s will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.

Johannesburg
1 December 2020

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Legal Advisor
DLA Piper

Date: 01-12-2020 12:13:00
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