ATN/ATNP - Allied Electronics Corporation Limited - Resignation of Executive

ATN/ATNP - Allied Electronics Corporation Limited - Resignation of Executive    
Director: Norbert Claussen                                                      
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")                                                     
Resignation of Executive Director: Norbert Claussen                             
In compliance with paragraph 3.59 of the JSE Limited`s Listings                 
Requirements, shareholders are advised that after 16 years of loyal service     
to the Altron group, Mr N Claussen, the chief executive officer of              
Powertech, has resigned from the company and the board of Altron with effect    
from 30 June 2012 in order to take up an opportunity to invest in a business    
unrelated to Altron.                                                            
Norbert joined the Altron group in 1996 as the chief executive officer of       
Willard Batteries which expanded over five years to become the Powertech        
Battery Group, comprising Willard Batteries, Dynamic Batteries, Sabat           
Batteries and Battery Technologies.  In March 2001 he was appointed the         
chief executive officer of Powertech, a position which he has held to date.     
An announcement appointing Mr Claussen`s successor as chief executive           
officer of Powertech will be made to shareholders in due course.                
The board takes this opportunity of thanking Mr Claussen for his valuable       
contribution made towards the affairs of the Altron group over the past 16      
years.                                                                          
Johannesburg                                                                    
2 May 2012                                                                      
Sponsor                                                                         
Investec Bank                                                                   
Date: 02/05/2012 09:00:05 Supplied by www.sharenet.co.za                     
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