ATN/ATNP - Allied Electronics Corporation Limited - Trading Statement

ATN/ATNP - Allied Electronics Corporation Limited - Trading Statement           
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")                                                     
Trading Statement                                                               
Shareholders are advised that a reasonable degree of certainty exists that      
the company`s headline earnings per share and diluted adjusted headline         
earnings per share for the year ended 29 February 2012 are expected to be       
between 13% to 19% lower as against the previous corresponding period. This     
diluted adjusted headline earnings per share includes an adjustment for the     
amortisation of intangibles arising from acquisitions as well as various once   
off non-operational items.  Management continues to consider this to be the     
most meaningful measure of profitability for the company.                       
Shareholders are further advised that basic earnings per share for the year     
ended 29 February 2012 are expected to be between 65% to 75% lower as against   
the previous corresponding period. This primarily reflects significant          
impairments in respect of Altech`s East and West African operations.            
Altron`s annual financial results for the financial year ended 29 February      
2012 are expected to be announced on or about 8 May 2012.                       
This trading statement has not been reviewed or reported on by Altron`s         
external auditor.                                                               
By order of the board.                                                          
Johannesburg                                                                    
13 April 2012                                                                   
Sponsor                                                                         
Investec Bank Limited                                                           
Date: 13/04/2012 15:31:12 Supplied by www.sharenet.co.za                     
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