ALLIED ELECTRONICS CORPORATION LTD - Updated Altron Trading Statement

Updated Altron Trading Statement

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”)


Updated Altron Trading Statement


Shareholders are referred to the Altron trading statement which was released on the Stock
Exchange News Service on 22 January 2015.


In accordance with that announcement, headline earnings per share for the financial year ended
28 February 2015 are expected to remain more than 40% lower (less than 113c) as against the
previous corresponding period (188c).


However and as previously indicated, the company, as part of its year-end audit process, is
conducting various impairment tests pursuant to which shareholders are advised that a reasonable
degree of certainty exists that the company’s basic earnings per share for the financial year ended
28 February 2015 are now expected to be more than 95% lower (less than 10c) (as opposed to the
50% (less than 96c) announced on 22 January 2015) compared to the corresponding period
(192c).


Accordingly, a further trading statement will be released in due course to, among others, provide
shareholders with a business update on the Altron group’s performance, new strategic direction, as
well as earnings forecast ranges for basic earnings per share and headline earnings per share as
required by the JSE Listings Requirements.


Altron’s annual financial results for the financial year ended 28 February 2015 are expected to be
announced on or about Wednesday, 13 May 2015.


This trading statement has not been reviewed or reported on by Altron’s external auditor.


By order of the board.


Johannesburg
31 March 2015


Sponsor
Investec Bank Limited

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