Appointment of Chief Operating Officer Allied Technologies Limited Member of the Altron Group Incorporated in the Republic of South Africa (Registration number 1946/020415/06) Share Code : ALT ISIN Number : ZAE000015251 (“Altech” or “the company”) Altech Group appoints Laurence Savage as Chief Operating Officer Allied Technologies Limited (Altech), the Johannesburg Stock Exchange-listed multibillion-rand technology group, has appointed Laurence Savage to the position of Chief Operating Officer (COO) effective January 2013. Mr Savage brings to the group a wealth of experience spanning various industries, including the media, electronics, engineering and automotive sectors. Craig Venter, the Chief Executive Officer of Altech,says he is pleased to welcome Mr Savage to the Altech Group. “Mr Savage’s experience globally, his knowledge of the African continent, as well as his educational background and leadership ability, make him a perfect fit for the role of COO given the group’s offering and its future plans,” says Mr Venter. “We are convinced that Mr Savage will offer insights that will further bolster the Altech management team as we move the group towards sustainable growth,” adds Mr Venter. Among his many senior management roles, Mr Savage has previously been Managing Director at Genrec Engineering; and Hall Longmore, structural steel fabricators and pipe manufacturing companies respectively. (Genrec Engineering and Hall Longmore are part of the Murray and Roberts Group). He also held the position of Chief Executive at Avis Fleet Services, where he was responsible for the entire Southern Africa cluster. Mr Savage says he is excited about his new appointment: “I am very pleased to be joining the Altech Group, and inspired about the direction that the group is moving in.” He holds both engineering and business qualifications, with an MBA from Milpark Business School. He has also completed an advanced executive programme at Northwest University in Chicago, USA. Mr Savage also brings to the group an impeccable deal-making and turnaround track record, that he will utilise in maximising shareholder value in Altech’s existing and future ventures. Mr Venter says the Altech Group is a multinational organisation that operates in various and unique geographies. “We need a strong and talented team to tackle the challenges ahead of us and we believe that in Laurence, we have found a competent, energetic and driven leader, who has what it takes to inspire our resources as we consolidate and grow our position in the market,” says Mr Venter. Johannesburg 16 October 2012 Sponsor Investec Bank Limited Date: 16/10/2012 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.