Competition Tribunal Approval 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”) COMPETITION TRIBUNAL APPROVAL OF THE DISPOSAL BY ALTECH AUTOPAGE CELLULAR, A DIVISION OF ALTRON TMT PROPRIETARY LIMITED (“AUTOPAGE”) OF ITS POST-PAID GSM SUBSCRIBER BASES TO VODACOM, MTN AND CELL C Shareholders are referred to the announcement released by Altron on SENS on 2 December 2015 advising that Altron shareholders had, in general meeting, approved the disposal by Autopage of its post-paid GSM subscriber bases to Vodacom, MTN and Cell C respectively (“the Autopage Disposal”). Shareholders are further advised that on 12 February 2016, Autopage received formal notification from the Competition Tribunal advising that it had approved the Autopage Disposal subject to certain conditions pertaining to those Autopage employees affected by the Autopage Disposal. Shareholders will be advised in due course by the Company when the last of the outstanding conditions precedent pertaining to the Autopage Disposal have been fulfilled or waived, as the case may be. Johannesburg 12 February 2016 Sponsor Investec Bank Limited Date: 12/02/2016 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.