Disposal of equity interest in Aberdare Group to Hengtong 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”) - PROPOSED DISPOSAL BY POWER TECHNOLOGIES PROPRIETARY LIMITED (“POWERTECH”) OF 75% OF ITS 70% EQUITY INTEREST IN ABERDARE CABLES PROPRIETARY LIMITED (“ABERDARE CABLES”); AND - PROPOSED DISPOSAL BY ABERDARE CABLES INTERNATIONAL HOLDINGS PROPRIETARY LIMITED (“ABERDARE INTERNATIONAL”), A WHOLLY OWNED SUBSIDIARY OF POWERTECH, OF 100% OF ITS EQUITY INTEREST IN ABERDARE HOLDING EUROPE B.V. (“ABERDARE EUROPE”), TO HENGTONG OPTIC – ELECTRIC INTERNATIONAL CO. LIMITED OR ITS NOMINEE/S (“HENGTONG”): FULFILMENT OF CONDITION PRECEDENT Altron shareholders (“shareholders”) are referred to the announcement released by the company on SENS on 22 March 2016, relating to the posting of the circular and notice of general meeting relating to the proposed disposal by Powertech of its equity interest in Aberdare Cables and the proposed disposal by Aberdare International of its equity interest in Aberdare Europe to Hengtong (“the Proposed Transaction”). In terms of Section 4 of the Proposed Transaction circular posted to shareholders on 22 March 2016, one of the conditions precedent stipulated therein and pertaining to the Proposed Transaction, was the conclusion of the share purchase agreements forming part of the suite of agreements between the parties, which needed to be fulfilled or waived by not later than 10 April 2016. Shareholders are advised that on 9 April 2016, the parties concluded the aforesaid share purchase agreements along with a shareholders agreement and memorandum of incorporation. Accordingly the aforesaid condition precedent has now been fulfilled and shareholders will be advised in due course by the Company when the last of the outstanding conditions precedent pertaining to the Proposed Transaction have been fulfilled or waived, as the case may be. Johannesburg 11 April 2016 Sponsor Investec Bank Limited Date: 11/04/2016 02:30:00 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.