ATN/ATNP - Allied Electronics Corporation Limited - Bytes Technology Group

ATN/ATNP - Allied Electronics Corporation Limited - Bytes Technology Group      
receives Competition Tribunal approval for the Unisys Africa acquisition        
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                                          
Shareholders are referred to the announcement released on SENS on 10 January    
2012, regarding the acquisition by Altron subsidiary, Bytes Technology Group    
South Africa (Pty) Limited ("Bytes"), of 100% of the issued share capital of    
Unisys Africa, from Unisys Corporation and a local empowerment company,         
CyberKnowledge Systems Investments (Pty) Limited ("the acquisition").           
Shareholders are now advised that the company has been informed by the          
Competition Tribunal of South Africa ("the Tribunal") that the acquisition      
has been unconditionally approved by the Tribunal.                              
In conjunction with the transaction, Unisys and Bytes will conclude a five-     
year distributor agreement which allows for exclusive marketing, sale and       
support of certain Unisys products and solutions in selected sub-Saharan        
African countries with `preferred partner` status in certain others.            
It is anticipated that the acquisition will provide the possibility for         
synergies and economies of scale for Unisys Africa`s operations within the      
greater Bytes group.  Unisys Africa`s longstanding relationship with public     
sector agencies is expected to enhance the efforts of Bytes` newly              
established Government Solutions division.                                      
Johannesburg                                                                    
2 April 2012                                                                    
Sponsor                                                                         
Investec Bank Limited                                                           
Date: 02/04/2012 08:00:04 Supplied by www.sharenet.co.za                     
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