Acquisition by Allied Technologies of remaining 50% less one ordinary share equity interest in Altech Nupay Allied Electronics Corporation Limited (Incorporated in the Republic of South Africa) (Registration number: 1947/024583/06) Share Code: ATN ISIN: ZAE000029658 Share Code: ATNP ISIN: ZAE000029666 (“Altron”) ACQUISITION BY ALLIED TECHNOLOGIES LIMITED OF REMAINING 50% LESS ONE ORDINARY SHARE EQUITY INTEREST IN ALTECH NUPAY PROPRIETARY LIMITED 1. INTRODUCTION Altron shareholders are hereby advised that an agreement has been concluded between, inter alia, Allied Technologies Limited (“Altech”) (a wholly owned subsidiary of Altron) and Itas Services Proprietary Limited (“Itas”) regarding the acquisition by Altech of the remaining 50% less one ordinary share equity interest in Altech NuPay Proprietary Limited (“NuPay”) which Altech does not already own, for a consideration (“Purchase Consideration”) of R80 million (“the NuPay Acquisition”). Following the implementation of the NuPay Acquisition, NuPay will become a wholly owned subsidiary of Altech. It is anticipated that the proposed NuPay Acquisition will be effective from 1 May 2014. Altech acquired its controlling interest in NuPay, consisting of a 50% plus one share equity interest, in 2009. NuPay commenced operations in 1999 and provides solutions for payment and collections, through a number of products and services which focus on collection transactions from multiple sources. NuPay and Altech Card Solutions, will shortly be integrated with the Bytes Secure Transaction Solutions business, within the Altron TMT sub-group of Altron. 2. FINANCIAL EFFECTS OF THE NUPAY ACQUISITION The Purchase Consideration will be settled at Altech’s election, in cash or via the issue of Altron participating preference shares, which will be placed on behalf of Itas to generate the cash equivalent of the Purchase Consideration. The settlement of the Purchase Consideration is not expected to have a significant effect (i.e. less than 3%) on Altron’s earnings, headline earnings, adjusted headline earnings and net asset value per share. 3. SMALL RELATED PARTY TRANSACTION In terms of the Listings Requirements of the JSE Limited (“the JSE”) (the “Listings Requirements”), as certain of Itas’ directors are also directors of NuPay, the NuPay Acquisition is regarded as a small related party transaction for Altron. As required in terms of section 10.7 of the Listings Requirements, Investec Bank Limited, the independent professional expert, has confirmed that the terms and conditions of the NuPay Acquisition are fair to Altron shareholders and the fairness opinion is available for inspection at the registered office of Altron during normal business hours for 28 business days from the date of this announcement. By order of the board Johannesburg 15 April 2014 Investment Bank and Sponsor Investec Bank Limited Date: 15/04/2014 04:15:00 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.