ALLIED ELECTRONICS CORPORATION LTD - Change to the Altron Board: Mr CG Venter

Change to the Altron Board: Mr CG Venter

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”)


Change to the Altron Board: Mr CG Venter


Shareholders are referred to the company’s outlook statement contained in the message to
shareholders, forming part of Altron’s preliminary summarised audited consolidated financial
statements for the year ended 28 February 2015, when it was reported that as part of a review of
the group’s business strategy, the company will commence transitioning from a family managed
business to an independent management structure.


Accordingly, and in compliance with paragraph 3.59 (b) of the JSE Limited’s Listings
Requirements, shareholders are advised that following 27 years of service to the Altron group, 18
of which has been as an executive director of Altron, Mr Craig Venter has decided to leave the
Altron group.


While the Venter family will continue to exercise control over the Altron group by virtue of its 56%
shareholding in Altron, the company and Craig have mutually agreed to the termination of his
employment and directorships with effect from 31 July 2015 in order to allow Craig to play more of
an oversight role in the Venter family’s private investments.


The board wishes to express its appreciation to Craig for his many years of dedicated service on
the Altron board, as well as to the Altron group.


Johannesburg
20 May 2015


Sponsor
Investec Bank

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