ALLIED ELECTRONICS CORPORATION LTD - Aberdare Cables: Referral of complaint by the Competition Commission

Aberdare Cables: Referral of complaint by the Competition Commission

Allied Electronics Corporation Limited
Registration number 1947/024583/06)
Incorporated in the Republic of South Africa)
Share code: AEL ISIN: ZAE000191342
Share code: AEN ISIN: ZAE000191359
 (“Altron” or “the company”)


ABERDARE CABLES: REFERRAL OF COMPLAINT BY THE COMPETITION
COMMISSION AGAINST ALL MEMBERS OF THE ASSOCIATION OF ELECTRIC CABLE
MANUFACTURERS OF SOUTH AFRICA

Shareholders are referred to:

(i)    Altron’s announcements released on SENS on 6 May 2010 and 19 March 2014,
       advising that the Competition Commission (Commission) had launched an
       investigation into certain alleged prohibited practices in the power cable market; and

(ii)   the Commission’s media release published on Wednesday, 12 November 2014,
       advising that it had decided to refer a complaint to the Competition Tribunal against all
       members of the Association of Electric Cable Manufacturers of South Africa, including
       Aberdare Cables.

Shareholders are reminded that as a result of Aberdare Cables, a subsidiary of Power
Technologies (Pty) Ltd, having co-operated fully with the Commission’s requirements in
terms of the aforesaid investigation and applied for leniency in accordance with the
Commission’s Corporate Leniency Policy, it has been granted conditional immunity against
prosecution before the Competition Tribunal.

Given that Aberdare Cables has to date and will continue to fully comply with the
Commission’s requirements in terms of their investigation into these alleged prohibited
practices within the power cable market, it does not anticipate incurring any penalties as
prescribed by the Competition Act.



Johannesburg
14 November 2014



Sponsor
Investec Bank Limited

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