ALLIED ELECTRONICS CORPORATION LIMITED - Notice in Terms of Section 45 (5) of the Companies Act of 2008, as amended

Notice in Terms of Section 45 (5) of the Companies Act of 2008, as amended

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")


Notice in Terms of Section 45 (5) of the Companies Act of 2008, as amended

Shareholders are advised that at the annual general meeting of Altron held in July 2015,
shareholders approved and passed a special resolution in terms of Section 45 of the Companies
Act of 2008, as amended (the Act) authorising the company to provide financial assistance to,
among others, related or inter-related companies or corporations of the company.

Section 45 (5) of the Act requires a company to provide written notice to shareholders of the
adoption of a board resolution to provide financial assistance, if the value and/or obligations of the
financial assistance so contemplated together with any previous such resolutions during the
financial year, exceeds one-tenth of 1% of the company’s net worth at the time of the resolution.

In order to give effect to the treasury requirements of the Altron group from time to time, loans,
cross guarantees, suretyships and the subordination of loans are given amongst the Altron group
companies on an on-going basis.

Accordingly, the Altron board has adopted several resolutions during this past financial year in
terms of which financial assistance as contemplated by the Act has been or will be provided to,
among others, related and inter-related companies and corporations of Altron, the total value of
which together with any other resolutions adopted in the previous financial year, exceeds one-tenth
of 1% of the company’s net worth.




Johannesburg
24 March 2016



Sponsor
Investec Bank

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