ALLIED ELECTRONICS CORPORATION LTD - Announcement regarding acquisition by Bytes SA of 27% of its issued share capital from KSI and Venopt

Announcement regarding acquisition by Bytes SA of 27% of its issued share capital from KSI and Venopt

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” or “the Company”)


ANNOUNCEMENT REGARDING THE ACQUISITION BY BYTES TECHNOLOGY GROUP
SOUTH AFRICA PROPRIETARY LIMITED (“BYTES SA”), OF 27% OF ITS ISSUED
SHARE CAPITAL FROM KAGISO STRATEGIC INVESTMENTS PROPRIETARY LIMITED
(“KSI”) AND VENOPT PROPRIETARY LIMITED (“VENOPT”)


Shareholders are advised that further to the Company’s announcement released on SENS
on 9 May 2014, all of the conditions precedent relating to the acquisition have been fulfilled
and accordingly the acquisition has become effective and unconditional.


Johannesburg
2 July 2014


Sponsor
Investec Bank

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