ALLIED ELECTRONICS CORPORATION LTD - Results of General Meeting

Results of General Meeting

ALLIED ELECTRONICS
CORPORATION LIMITED
Incorporated in the Republic of South Africa
Registration number 1947/024583/06
Share code: ATN
ISIN: ZAE000029658
Share code: ATNP
ISIN: ZAE000029666
(“Altron” or “the Company”)



RESULTS OF GENERAL MEETING

1.   INTRODUCTION

     Shareholders are referred to the firm intention announcement made by Altron’s wholly owned
     subsidiary, Altron Finance Proprietary Limited (“Alfin”) on 17 May 2013, as well as to the
     circular issued to Altron shareholders on 27 June 2013 (“Circular”) regarding, inter alia, the
     terms on which Alfin intended acquiring the entire issued ordinary share capital of Allied
     Technologies Limited that Altron and its subsidiaries do not already own, by way of a scheme
     of arrangement (“Scheme”) in terms of section 114 of the Companies Act 71 of 2008, as
     amended (the “Proposed Transaction”).

2.   RESULTS OF THE GENERAL MEETING

     Shareholders are advised that at a General Meeting of the Company held on Friday, 26 July
     2013 at 09h00, all of the resolutions as set out in the Notice of General Meeting incorporated in
     the Circular were passed, without modification, by the requisite majority of votes.

     Shareholders are further advised that all conditions precedent to the Proposed Transaction, as
     detailed in the Circular, have been fulfilled and accordingly the Proposed Transaction is now
     unconditional.

Johannesburg
26 July 2013

Investment bank, financial adviser and sponsor
Investec Bank Limited

Legal adviser
Edward Nathan Sonnenbergs Inc.

Reporting accountants
KPMG Inc.

Financial adviser in relation to Debt and Mandated Lead Arranger
ABSA Bank Limited

Legal adviser to Mandated Lead Arranger
Bowman Gilfillan Inc.

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