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 Altron trading statement published on SENS on 20 February 2014 and are advised as follows: * The Altron TMT division, established following the successful acquisition of the Altech minorities in August 2013 and consisting of the Altech and Bytes businesses, has performed well, exceeding management’s expectations.Though the reorganisation process is on-going, management is extremely pleased with the progress made to date. In particular, Altron TMT has secured several material tenders during the past six month period, indicative of the exciting cross sell/up sell and collaboration opportunities that have arisen as a result of the integration of Altron TMT. The performances of the underlying businesses can be summarised as follows: o Bytes has continued to perform well despite its high base. While gross margins have remained under pressure, revenue has shown robust growth both in the local and international operations; o Altech has recovered strongly following the disposal at the end of the last financial year of its loss making African operations.While revenue growth has been relatively muted, profitability has recovered strongly on pleasing performances out of its main operations and despite a number of significant once off costs; * Altron Power consisting of the Powertech businesses has also made a strong recovery from last year. Despite what remain challenging and uncertain economic conditions, Powertech has delivered pleasing revenue growth and significantly improved profitability, though margins remain below historical levels. Accordingly, shareholders are advised that a reasonable degree of certainty exists that the company’s headline earnings per share for the financial year ended 28 February 2014 is expected to be between 35% - 45% higher as against the previous corresponding period. Basic earnings per share for the financial year ended 28 February 2014 is expected to be between 280% (178 cents per share) and 300% (198 cents per share) higher as against the previous corresponding period (loss of 99 cents per share). Shareholders are further advised that Altron’s normalised headline earnings per share is expected to be between 45% - 55% higher as against the previous corresponding period. The normalised headline earnings per share disclosure adjusts headline earnings for various once off costs that have arisen in the current financial year, which are either non-operational or are associated with accessing benefits that will only be realised in subsequent reporting periods. Altron’s annual financial statements for the financial year ended 28 February 2014 are expected to be announced on or about Wednesday, 14 May 2014. This trading statement has not been reviewed or reported on by Altron’s external auditor. By order of the board. Johannesburg 03 April 2014 Sponsor Investec Bank Limited Date: 03/04/2014 02:55:00 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.