Voluntary Business Update

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


Altron previously announced that Altron People Solutions was held for sale. Shareholders are advised
that the Board adopted a decision to split the business and sell it to two buyers effective from
1 October 2021.

Altron People Solutions’ Business Process Outsourcing (BPO) and Customer Experience Technology
(CXTech) business has been acquired by iSON Xperiences, a global organisation with headquarters in
Dubai which is looking to expand their African footprint. The business will operate from its current

The Learning Solutions part of the business was acquired by South African management consultancy
LRMG. Staff will be moving to the LRMG office premises.

The sale provides both of these different parts of Altron People Solutions with exciting growth
opportunities. Although the Altron People Solutions business is not aligned to the Altron 2.0 strategy,
it has a great industry track record and selling it into the right partners will allow opportunities for
growth and expansion.

1 October 2021
Sponsor: Investec Bank Limited

Date: 01-10-2021 08:15:00
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.