Retirement of Executive Director 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”) RETIREMENT OF EXECUTIVE DIRECTOR Shareholders are advised that in accordance with paragraph 3.59 of the JSE Listings Requirements, Mr RJ Abraham will be retiring from the Altron group and as an executive director of Altron at the end of February 2016. Following the retirement of Mr Abraham, Mr A Holden will be appointed as Altron’s operations executive: information technology. During the intervening period, Mr Abraham will continue to act as the chief executive officer of Bytes Technology Group, while Mr Holden will remain the Altron executive: shared services until he takes up his new role on 1 March 2016. Previously Mr Holden held various managing director positions within the Bytes group of companies. At this juncture it is not anticipated that Mr Holden will be appointed as an executive director of Altron, although he will be appointed to the Altron executive committee with effect from 1 March 2016. Altron would like to take this opportunity of thanking Mr Abraham for his valuable contribution made towards the Altron group over the past 18 years. Johannesburg 1 December 2015 Sponsor Investec Bank Limited Date: 01/12/2015 09:00:00 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.