Proposed disposal to Hengtog: Fulfilment of all outstanding conditions precedent 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 (“HENGTONG”): FULFILMENT OF ALL OUTSTANDING CONDITIONS PRECEDENT Altron shareholders (“shareholders”) are referred to the announcements released by the company on SENS on 3 December 2015 and 22 April 2016 respectively, regarding, inter alia, the proposed disposal by Powertech of its aforesaid equity interest in Aberdare Cables and the proposed disposal by Aberdare International of its 100% equity interest in Aberdare Europe, to Hengtong (the “Disposal”). Shareholders are advised that following receipt of formal notification from the Namibian Competition Commission, Hengtong confirmed on 27 June 2016 that all conditions precedent pertaining to the Disposal have now been fulfilled or waived, as the case may be, and the Disposal has now become unconditional with an implementation date of 30 June 2016. Johannesburg 28 June 2016 Sponsor Investec Bank Limited Date: 28/06/2016 07:30:00 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.