ATN/ATNP - Allied Electronics Corporation Limited - Retirement of Non-Executive

ATN/ATNP - Allied Electronics Corporation Limited - Retirement of Non-Executive 
Directors and Appointment of Independent Non-Executive Director of Altron       
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")                                                     
Retirement of Non-Executive Directors and Appointment of Independent Non-       
Executive Director of Altron                                                    
In compliance with paragraphs 3.59 (a) and (b) of the JSE Limited`s Listings    
Requirements, shareholders are advised that following 18 years of service on the
Altron board, Mr Peter Curle will retire as a non-executive director of the     
company with effect from 19 May 2012.                                           
Notwithstanding Peter`s retirement from the Altron board, he will continue      
serving as a non executive director on the Allied Technologies Limited (Altech) 
board and will consult to the wider Altron group on corporate finance related   
matters.                                                                        
Shareholders are further advised that with effect from 20 July 2012, Mr Peter   
Wilmot will retire as an independent non-executive director of the company.     
Peter joined the Altron board in 2001 and since then has served as the Chairman 
of its audit committee, as well as a member of the company`s remuneration and   
risk management committees.                                                     
On 1 June 2012, Mr Grant Gelink will join the Altron board as an independent non
executive director. Grant is the current Chief Executive of Deloitte & Touche   
Southern Africa, from where he will be retiring on 31 May 2012.  In addition to 
serving on the Altron risk management committee, Grant will be appointed as the 
Chairman of the Altron audit committee with effect from 21 July 2012.           
The board wishes to express its gratitude and appreciation to both Peter Curle  
and Peter Wilmot for their many years of devoted service and commitment towards 
the Altron group and welcomes Grant Gelink to the board and looks forward to    
benefitting from his considerable business and accounting experience.           
Johannesburg                                                                    
4 May 2012                                                                      
Sponsor                                                                         
Investec Bank                                                                   
Date: 04/05/2012 16:14:01 Supplied by www.sharenet.co.za                     
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