Re-designation of Altron ordinary and participating preference shares - ATN/ATNP 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") RE-DESIGNATION OF ALTRON ORDINARY AND PARTICIPATING PREFERENCE SHARES AS ALTRON A ORDINARY AND ALTRON N ORDINARY SHARES RESPECTIVELY Shareholders are referred to the announcement released by the company earlier today disclosing the voting results of the 2014 Altron Annual General Meeting. In terms thereof, special resolutions numbers 8 and 9 (further details whereof are disclosed in the company’s integrated annual report which is available on Altron’s website at www.altron.com/iar2014), provided for the re-designation of the Altron ordinary and participating preference shares (“Share Capital Re-designation”) as follows: - Altron A ordinary shares: JSE Share Code: AEL ISIN: ZAE000191342 - Altron N ordinary shares: JSE Share Code: AEN ISIN: ZAE000191359 Shareholders are advised that the reasons why Altron has re-designated its ordinary and participating preference shares is as a result of current global trends to increasingly recognise participating preference shares as hybrid or debt instruments instead of as equity instruments (which is how the Altron participating preference shares are classified) including the general negative perceptions regarding participating preference shares among investors . Special resolutions 8 and 9 will be filed with the Companies and Intellectual Property Commission (CIPC) on 22 July 2014 and only once registered by CIPC will the company’s share capital be re-designated as per above. However and until the special resolutions have been registered, Altron’s share capital will continue to be reflected as follows: - Altron ordinary shares: JSE Share Code: ATN ISIN: ZAE000029658 - Altron participating preference shares: JSE Share Code: ATNP ISIN: ZAE000029666 PROPOSED DATES AND TIMES OF THE SHARE CAPITAL RE-DESIGNATION ARE SET OUT BELOW: 2014 Last day to trade for the Share Capital Re-designation Friday, 29 August Trade in the re-designated shares under the new ISIN numbers commencing on Monday, 1 September Record date for the Share Capital Re-designation in the Altron share register Friday, 5 September New share certificates reflecting the re-designated shares posted by registered post to certificated shareholders who have surrendered their documents of title on or before 12:00 on the record date (see note 2) or within five days of surrender thereof if received after 12:00 on the record date, on or about Monday, 8 September Dematerialised shareholders’ accounts updated with the re- designated shares by their CSDP/broker Monday, 8 September Notes: 1. The dates and times provided for in this announcement are subject to amendment. Any material amendment will be published on SENS. Shareholders will not be able to dematerialise or rematerialise securities in the name of ATN or ATNP after 29 August 2014. 2. Certificated shareholders who surrender their existing documents of title after 12:00 on the record date, will have their new share certificates mailed within five business days of receipt thereof by the transfer secretaries, by registered post in South Africa, at the risk of the shareholder concerned. 3. The timetable is based on the special resolutions being filed and registered with CIPC. Johannesburg 21 July 2014 Investment bank and sponsor Investec Bank Limited Date: 21/07/2014 03:00:00 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.