ALLIED ELECTRONICS CORPORATION LIMITED - Results of General Meeting of Altron held on 22 April 2016

Results of General Meeting of Altron held on 22 April 2016

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”)


RESULTS OF GENERAL MEETING OF ALTRON HELD ON 22 APRIL 2016


1.    INTRODUCTION

      Shareholders are referred to the announcement released by Altron on SENS on
      Tuesday, 22 March 2016, as well as to the circular issued to Altron shareholders on
      the same date, regarding, inter alia, the proposed disposal by Power Technologies
      Proprietary Limited of its equity interest in Aberdare Cables Proprietary Limited and the
      proposed disposal by Aberdare Cables International Holdings Proprietary Limited of its
      equity interest in Aberdare Holding Europe BV, to Hengtong Optic-electric International
      Co. Limited or its nominee (the “Disposal”).


2.    RESULTS OF GENERAL MEETING

      Altron shareholders are advised that at a General Meeting of the Company held on
      Friday, 22 April 2016 at 09h30, all of the resolutions as set out in the Notice of General
      Meeting incorporated in the circular were passed, without modification, by the requisite
      majority of votes as set out hereunder.


2.1. ORDINARY RESOLUTION NUMBER 1: DISPOSAL BY POWERTECH OF 75% OF
     ITS 70% EQUITY INTEREST IN ABERDARE CABLES

            For                 %                Against            %              Abstain
        100 775 886            100                 0                0               3 500


2.2. ORDINARY   RESOLUTION     NUMBER     2: DISPOSAL   BY   ABERDARE
     INTERNATIONAL OF ITS 100% EQUITY INTEREST IN ABERDARE EUROPE

            For                 %                Against            %              Abstain
        100 775 886            100                 0                0               3 500


2.3   ORDINARY RESOLUTION NUMBER 3: AUTHORITY FOR ANY ALTRON BOARD
      MEMBER OR THE COMPANY SECRETARY TO SIGN DOCUMENTS

            For                 %                Against            %              Abstain
        100 775 886            100                 0                0               3 500


Altron shareholders will be further advised once all the remaining conditions precedent to the
Disposal have been fulfilled, or waived, as the case may be.


Johannesburg
22 April 2016


Sponsor: Investec Bank Limited

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