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Press Release

Altech announces resignation of Group Chief Operating Officer

Altech hereby announces the resignation of its Group Chief Operating Officer, Jeffrey Hedberg, which will be effective from the end of January 2012.
According to Altech CEO, Craig Venter, Hedberg has decided to pursue his career outside of the Altech Group.
Jeffrey and I had a discussion and he indicated that he wanted to pursue his career opportunities elsewhere. During his time with us, Jeffrey brought a great deal of experience into the Altech Group and we are sorry to see him go, but understand his motivation for leaving. We wish him all the best in his future endeavours, said Venter.
Commenting on his resignation, Hedberg had the following to say: I came into the Altech Group to work with Craig on his vision to take Altech to the next level. I enjoyed working with the Altech team and believe that Altechs operations are on the right track to securing their market leadership in the Telecommunications, Multi-media and Information Technology sectors. I wish them continued success.
Hedbergs responsibilities will be managed by Altech CEO, Craig Venter and Divisional Executives until such time as a decision is made on a successor for the position of Chief Operating Officer. Hedberg will continue to work with the Group to a date to be mutually agreed upon.
Notes to Editors:
About Allied Technologies Limited
Allied Technologies Limited (Altech) is listed on the Johannesburg Stock Exchange (JSE). The company focuses on the Telecommunications, Multi-media and Information Technology (TMT) industries with a global footprint in 14 countries and employs more than 4 000 employees.
As a leading South African multi-billion rand group, Altech is involved in the design, development and convergence of Telecommunications, Multi-media systems and IT solutions.
For further information please contact:
Craig Venter
Chief Executive Officer: Altech
Tel: +27 11 715 9004
Cell: +27 83 236 8000
E-mail: cventer@altech.co.za
Shenanda Janse van Rensburg
Group Executive: Marketing, PR & Communications – Altech Head Office
Tel: +27 11 715 9031
Mobile: +27 84 777 1977
Email: sjvrensburg@altech.co.za
JSE code: ALT

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