ALLIED ELECTRONICS CORPORATION LIMITED - Dealing in securities by a director

Dealing in securities by a director

ALLIED ELECTRONICS CORPORATION LIMITED
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share Code: AEL    ISIN: ZAE000191342

DEALING IN SECURITIES BY A DIRECTOR

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



Director                               :    Mr RE Venter
Company                                :    Allied Electronics Corporation
                                            Limited
Date of transaction                    :    13 June 2017
Nature of shares retained              :    136 956
Class of securities                    :    Altron A ordinary shares
Exercise price                         :    R10.99
Total value of transaction             :    R1 505 146.44
Nature of transaction                  :    Settlement of shares (off market)
                                            pursuant to the automatic vesting
                                            and exercise of Altron bonus and
                                            performance shares in terms of the
                                            Altron 2009 Share Plan as adopted
                                            and approved by shareholders
Nature of interest                     :    Direct, Beneficial
Clearance obtained                     :    Yes


Director                               :    Mr RE Venter
Company                                :    Allied Electronics Corporation
                                            Limited
Date of transaction                    :    14 June 2017
Number of securities                   :    12 309
Class of securities                    :    Altron A ordinary shares
Selling price                          :    R11.15
Total value of transaction             :    R137 245.35
Nature of transaction                  :    Sale of shares in the open market
                                            to settle the tax liability arising
                                            as a result of the settlement of
                                            the shares referred to above
                                            pursuant to the vesting and
                                            exercise of the Altron bonus and
Nature of interest                     :    performance shares
                                            Direct beneficial
Clearance obtained                     :    Yes


Johannesburg
15 June 2017

Sponsor
Investec Bank Limited

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