Changes to Executive Responsibilities at Altron 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”) Changes to Executive Responsibilities at Altron Shareholders are referred to the announcements released by the company on SENS on 16 April and 20 May 2015 respectively, pertaining to Altron’s new strategic direction and Mr CG Venter’s separation from the Altron group. In accordance with Altron’s previously stated intention to significantly reduce central costs by creating a leaner management structure and in order to further extract benefits and synergies from the revised corporate structure whereby Altron transitions from purely an investment holding entity to an operational company, the Altron tmt executive committee will be disbanded and certain executives thereof incorporated in a reconstituted Altron executive committee. Accordingly and in compliance with paragraph 3.59 (c) of the JSE Limited’s Listings Requirements, shareholders are advised that with effect from 1 August 2015, the reconstituted Altron executive committee will comprise of the following executives:- - Mr RE Venter (Altron Chief Executive and Chairman of the Executive Committee) - Mr AMR Smith (Altron Chief Financial Officer) - Mr DM Ramaphosa (Group Executive: Corporate Affairs) - Dr WH Oosthuysen (Group Executive: Technology and Strategy) - Mr PR Riskowitz (Group Executive: Corporate Finance) - Mr RJ Abraham (Operations Executive: Information Technology) - Mr L Savage (Operations Executive: Telecommunications and Multimedia) - Mr NM Kayton (Operations Executive: Power) - Mr AG Johnston (By invitation – for the Secretaries) Each of the aforementioned executives will report directly to Altron’s Chief Executive, Mr RE Venter. Johannesburg 16 July 2015 Sponsor Investec Bank Limited Date: 16/07/2015 05:00:00 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.