ALLIED ELECTRONICS CORPORATION LIMITED - Dealing in Securities by an Associate of a Director

Dealing in Securities by an Associate of 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 AN ASSOCIATE OF A DIRECTOR

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

Director                                 :               Mr AC Ball
Title                                    :               Non-Executive Director
Director                                 :               Mr S Sithole
Title                                    :               Non-Executive Director
Company                                  :               Allied Electronics Corporation Limited
Name of Associate                        :               The Seabrooke Family Trust*

Date of transaction                      :               6 January 2021
Number of securities                     :               100 000
Nature of transaction                    :               On-market sale of securities
Class of securities                      :               Altron A ordinary shares
Share price                              :               R 10.4157
Value of transaction                     :               R 1 041 570.00
Nature of interest                       :               Indirect Beneficial*
Clearance to deal obtained               :               Yes


* Mr AC Ball and Mr S Sithole have an indirect beneficial interest in Value Capital Partners (Pty) Ltd, which
  is the registered investment manager for various funds managed by VCP. The above sales are not a
  disposal from the funds managed by VCP, but simply shares that The Seabrooke Family had nominated
  and appointed VCP a proxy to participate in and speak and vote at shareholders meetings of Altron, as
  VCP sees fit.




Johannesburg
11 January 2021

Sponsor
Investec Bank Limited

Date: 11-01-2021 05:00:00
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