ALLIED ELECTRONICS CORPORATION LTD - Re-designation of Altron ordinary and participating preference shares - ATN/ATNP

Re-designation of Altron ordinary and participating preference shares - ATN/ATNP

Allied Electronics Corporation Limited
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share Code : ATN   ISIN: ZAE000029658
Share Code : ATNP  ISIN: ZAE000029666
("Altron" or "the company")

RE-DESIGNATION OF ALTRON ORDINARY AND PARTICIPATING PREFERENCE SHARES
AS ALTRON A ORDINARY AND ALTRON N ORDINARY SHARES RESPECTIVELY

Shareholders are referred to the announcement released by the company earlier today
disclosing the voting results of the 2014 Altron Annual General Meeting. In terms thereof,
special resolutions numbers 8 and 9 (further details whereof are disclosed in the company’s
integrated annual report which is available on Altron’s website at www.altron.com/iar2014),
provided for the re-designation of the Altron ordinary and participating preference shares (“Share
Capital Re-designation”) as follows:

-    Altron A ordinary shares:
     JSE Share Code: AEL
     ISIN: ZAE000191342

-    Altron N ordinary shares:
     JSE Share Code: AEN
     ISIN: ZAE000191359

Shareholders are advised that the reasons why Altron has re-designated its ordinary and
participating preference shares is as a result of current global trends to increasingly recognise
participating preference shares as hybrid or debt instruments instead of as equity instruments
(which is how the Altron participating preference shares are classified) including the general
negative perceptions regarding participating preference shares among investors .

Special resolutions 8 and 9 will be filed with the Companies and Intellectual Property
Commission (CIPC) on 22 July 2014 and only once registered by CIPC will the company’s share
capital be re-designated as per above. However and until the special resolutions have been
registered, Altron’s share capital will continue to be reflected as follows:

-    Altron ordinary shares:
     JSE Share Code: ATN
     ISIN: ZAE000029658

-    Altron participating preference shares:
     JSE Share Code: ATNP
     ISIN: ZAE000029666


PROPOSED DATES AND TIMES OF THE SHARE CAPITAL RE-DESIGNATION ARE SET OUT BELOW:

                                                                                        2014

Last day to trade for the Share Capital Re-designation                            Friday, 29 August

Trade in the re-designated shares under the new ISIN numbers
commencing on                                                                     Monday, 1 September

Record date for the Share Capital Re-designation in the Altron
share register                                                                    Friday, 5 September

New share certificates reflecting the re-designated shares posted
by registered post to certificated shareholders who have
surrendered their documents of title on or before 12:00 on the
record date (see note 2) or within five days of surrender thereof if
received after 12:00 on the record date, on or about                              Monday, 8 September

Dematerialised shareholders’ accounts updated with the re-
designated shares by their CSDP/broker                                            Monday, 8 September


Notes:

1.       The dates and times provided for in this announcement are subject to amendment. Any material amendment
         will be published on SENS.
         Shareholders will not be able to dematerialise or rematerialise securities in the name of ATN or ATNP after
         29 August 2014.

2.       Certificated shareholders who surrender their existing documents of title after 12:00 on the record date, will
         have their new share certificates mailed within five business days of receipt thereof by the transfer secretaries,
         by registered post in South Africa, at the risk of the shareholder concerned.

3.       The timetable is based on the special resolutions being filed and registered with CIPC.



Johannesburg
21 July 2014

Investment bank and sponsor
Investec Bank Limited

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