ALLIED ELECTRONICS CORPORATION LIMITED - Dealing in securities by directors and company secretaries of Altron and certain of its major subsidiaries

Dealing in securities by directors and company secretaries of Altron and certain of its major subsidiaries

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”)



Dealing in securities by directors and company secretaries of Altron and certain of its major
subsidiaries

In compliance with paragraph 3.63 of the JSE Listings Requirements, the following information is
disclosed:


Name of director:                     RE Venter
Designation:                          Chief Executive
Name of company:                      Altron
Date of transaction:                  20 October 2016
Number of securities:                 18 404 Altron N ordinary shares
Exercise price:                       R6.60
Value of transaction                  R121 466.40
Nature of transaction:                Settlement of shares (off market) pursuant to the automatic
                                      vesting and exercise of Altron bonus shares (Altron N
                                      ordinary shares) in terms of The Altron 2009 Share Plan as
                                      adopted and approved by shareholders
Nature of interest:                   Direct beneficial
Clearance to deal obtained:           Yes



Name of director:                     AMR Smith
Designation:                          Chief Financial Officer
Name of company:                      Altron
Date of transaction:                  21 October 2016
Number of securities:                 7 945 Altron N ordinary shares
Exercise price:                       R6.60
Value of transaction                  R52 437.00
Nature of transaction:                Settlement of shares (off market) pursuant to the automatic
                                      vesting and exercise of Altron bonus shares (Altron N
                                      ordinary shares) in terms of The Altron 2009 Share Plan as
                                      adopted and approved by shareholders
Nature of interest:                   Direct beneficial
Clearance to deal obtained:           Yes

Name of company secretary:    AG Johnston
Designation:                  Group Company Secretary
Name of company:              Altron
Date of transaction:          20 October 2016
Number of securities:         4 433 Altron N ordinary shares
Selling price:                R6.50
Value of transaction          R28 814.50
Nature of transaction:        Sale of shares in the open market to settle the tax liability
                              arising as a result of the settlement of the shares referred to
                              above pursuant to the vesting and exercise of Altron bonus
                              shares (Altron N ordinary shares)
Nature of interest:           Direct beneficial
Clearance to deal obtained:   Yes



Name of director:             NM Kayton
Designation:                  Chief Executive Officer
Name of company:              Power Technologies Proprietary Limited
Date of transaction:          20 October 2016
Number of securities:         7 051 Altron N ordinary shares
Price sold:                   R6.50
Value of transaction          R45 831.50
Nature of transaction:        Sale of shares in the open market pursuant to the vesting
                              and exercise of Altron bonus shares (Altron N ordinary
                              shares) in terms of The Altron 2009 Share Plan as adopted
                              and approved by shareholders
Nature of interest:           Direct beneficial
Clearance to deal obtained:   Yes



Name of director:             PR Riskowitz
Designation:                  Executive Director
Name of company:              Altron TMT Holdings Proprietary Limited
Date of transaction:          21 October 2016
Number of securities:         9 797 Altron N ordinary shares
Exercise price:               R6.60
Value of transaction          R64 660.20
Nature of transaction:        Settlement of shares (off market) pursuant to the automatic
                              vesting and exercise of Altron bonus shares (Altron N
                              ordinary shares) in terms of The Altron 2009 Share Plan as
                              adopted and approved by shareholders
Nature of interest:           Direct beneficial
Clearance to deal obtained:   Yes

Name of director:             LM Savage
Designation:                  Executive Director
Name of company:              Altron TMT Holdings Proprietary Limited
Date of transaction:          20 October 2016
Number of securities:         1 382 Altron N ordinary shares
Price sold:                   R6.50
Value of transaction          R8 983.00
Nature of transaction:        Sale of shares in the open market pursuant to the vesting
                              and exercise of Altron bonus shares (Altron N ordinary
                              shares) in terms of The Altron 2009 Share Plan as adopted
                              and approved by shareholders
Nature of interest:           Direct beneficial
Clearance to deal obtained:   Yes



Name of director:             AJ Holden
Designation:                  Executive Director
Name of company:              Altron TMT Holdings Proprietary Limited
Date of transaction:          20 October 2016
Number of securities:         13 188 Altron N ordinary shares
Price sold:                   R6.50
Value of transaction          R85 722.00
Nature of transaction:        Sale of shares in the open market pursuant to the vesting
                              and exercise of Altron bonus shares (Altron N ordinary
                              shares) in terms of The Altron 2009 Share Plan as adopted
                              and approved by shareholders
Nature of interest:           Direct beneficial
Clearance to deal obtained:   Yes



Name of director:             Dr WH Oosthuysen
Designation:                  Executive Director
Name of company:              Altron TMT Proprietary Limited
Date of transaction:          20 October 2016
Number of securities:         8 292 Altron N ordinary shares
Price sold:                   R6.50
Value of transaction          R53 898.00
Nature of transaction:        Sale of shares in the open market pursuant to the vesting
                              and exercise of Altron bonus shares (Altron N ordinary
                              shares) in terms of The Altron 2009 Share Plan as adopted
                              and approved by shareholders
Nature of interest:           Direct beneficial
Clearance to deal obtained:   Yes

Name of company secretary:    E Defillo
Designation:                  Company Secretary
Name of company:              Power Technologies Proprietary Limited
Date of transaction:          20 October 2016
Number of securities:         613 Altron N ordinary shares
Price sold:                   R6.50
Value of transaction          R3 984.50
Nature of transaction:        Sale of shares in the open market pursuant to the vesting
                              and exercise of Altron bonus shares (participating preference
                              shares) in terms of The Altron 2009 Share Plan as adopted
                              and approved by shareholders
Nature of interest:           Direct beneficial
Clearance to deal obtained:   Yes



Johannesburg
21 October 2016

Sponsor
Investec Bank

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