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”) Altron Trading Statement Shareholders are referred to the company’s outlook statement contained in its 2012 interim results announcement and are advised as follows: • Bytes has continued to perform well during the last six months, producing results broadly in line with our expectations; • Powertech has experienced difficult trading and operational conditions during the second half of the current financial year. Volumes in the cables group have been depressed and pricing pressures have increased, negatively affecting operating margins. Disruptions due to the nationwide transport sector strike in September 2012 also negatively impacted the major operations within the Powertech group; and • Altech’s performance since the half-year has not improved, largely as a result of on- going challenges in its East and West African businesses. Although the transactions relating to Altech’s telecommunications network interests in East Africa, as more fully disclosed in the SENS announcement released by Altech on 28 January 2013, will remove operating losses from the Altron group’s results going forward, Altron anticipates that there will be an estimated loss of R666 million realised at Altech on the disposal of this business. The transactions between Altech and Liquid are subject to conditions precedent including Kenyan Competition Authority approval. If the effective date of the transactions occurs in the following financial year, R352 million of this loss will be recognised as an impairment of assets in the current financial year, while the remaining R314 million of this loss will only be recognised on the effective date of the transactions as it arises on the release of the foreign currency translation reserve. This latter amount will not impact on Altech’s shareholders’ equity. Should the transactions become effective during the current financial year ending 28 February 2013, then the full amount of the estimated R666 million will be recorded as a loss on sale. Both of these amounts will vary depending on factors such as foreign exchange rates, working capital movements and operating losses through to the effective date of the transactions. Altron shareholders will bear 61.5% of these losses. Accordingly, shareholders are advised that a reasonable degree of certainty exists that the company’s basic earnings per share for the year ending 28 February 2013 are expected to be more than 100% lower as against the previous corresponding period, predominantly as a result of the impairments in the first half at Altech, as well as the aforementioned losses arising from the Altech East Africa transactions. Headline earnings per share for the year ending 28 February 2013 are expected to be more than 20% lower as against the previous corresponding period. A further trading statement will be issued in due course to update shareholders on the progression of the transactions between Altech and Liquid and to provide earnings forecast ranges for earnings per share and headline earnings per share as required by the JSE Listings Requirements. Altron’s annual financial results for the financial year ending 28 February 2013 are expected to be announced on or about 8 May 2013. This trading statement has not been reviewed or reported on by Altron’s external auditor. By order of the board. Johannesburg 31 January 2013 Sponsor Investec Bank Limited Date: 31/01/2013 04:47:00 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.