ALLIED ELECTRONICS CORPORATION LTD - Director's Dealings

Director's Dealings

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")

Dealing in securities by a director

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

Name of director              :           Dr JEW Carstens
Designation                   :           Chief Financial Officer
Company                       :           Altron TMT Holdings Limited (formerly Allied
                                          Technologies Limited)
Date of transaction           :           23 May 2014
Class of securities           :           Altron participating preference shares
Number of securities          :           47 933
Price sold                    :           R26.35 per share
Value of transaction          :           R1 263 034.55
Nature of transaction         :           Sale of shares in the open market pursuant to the
                                          vesting and exercise of Altron performance shares
                                          and bonus shares (participating preference shares)
                                          in terms of The Altron 2009 Share Plan as adopted
                                          and approved by shareholders
Nature of interest            :           Direct beneficial
Clearance to deal obtained    :           Yes



Name of director              :           Dr JEW Carstens
Designation                   :           Chief Financial Officer
Company                       :           Altron TMT Holdings Limited (formerly Allied
                                          Technologies Limited)
Date of transaction           :           26 May 2014
Class of securities           :           Altron participating preference shares
Number of securities          :           5 000
Strike price                  :           R17.94
Price sold                    :           R26.50 per share
Value of transaction          :           R132 500.00
Nature of transaction         :           Sale of shares in the open market pursuant to the
                                          vesting and exercise of Altron share appreciation
                                          rights (participating preference shares) in terms of
                                          The Altron 2009 Share Plan as adopted and
                                          approved by shareholders
Nature of interest            :           Direct beneficial
Clearance to deal obtained    :           Yes



Name of director              :           Dr JEW Carstens
Designation                   :           Chief Financial Officer
Company                       :           Altron TMT Holdings Limited (formerly Allied
                                          Technologies Limited)
Date of transaction           :           26 May 2014
Class of securities           :           Altron participating preference shares
Number of securities          :           9 512
Strike price                  :           R17.94
Price sold                    :           R26.75 per share
Value of transaction          :           R254 446.00
Nature of transaction         :           Sale of shares in the open market pursuant to the
                                          vesting and exercise of Altron share appreciation
                                          rights (participating preference shares) in terms of
                                          The Altron 2009 Share Plan as adopted and
                                          approved by shareholders
Nature of interest            :           Direct beneficial
Clearance to deal obtained    :           Yes




Johannesburg
27 May 2014

Sponsor
Investec Bank

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