ALLIED ELECTRONICS CORPORATION LIMITED - Change in board responsibility, appointment of Chairman and appointment of Group Company Secretary

Change in board responsibility, appointment of Chairman and appointment of Group Company Secretary

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”)


CHANGE IN BOARD RESPONSIBILITY, APPOINTMENT OF CHAIRMAN AND APPOINTMENT
OF GROUP COMPANY SECRETARY

In accordance with Section 3.59 of the JSE Listings Requirements, shareholders are advised that:-


Change in board responsibility:-


As previously announced, Dr WP Venter, the founder of Altron 51 years ago, has decided to retire
as non-executive Chairman of the Altron board, with effect from 28 February 2017. Dr Venter will
assume a non-executive director role on the board, as Chairman Emeritus, with effect from 1 March
2017.


The board takes this opportunity to thank Dr Venter for the important and central role he has played
in the development of the South African electronics industry and the South African economy as a
whole. The board also thanks Dr Venter for his leadership of and significant contribution to Altron
over the years. The board looks forward to Dr Venter continuing to provide his entrepreneurial
skills, leadership and integrity to Altron as a non-executive director.


Appointment of Chairman:-


The board is pleased to announce that Mr MJ Leeming has been appointed as independent non-
executive Chairman of the Altron board, with effect from 1 March 2017.


Mr Leeming has been an independent non-executive director on the Altron board since 2002 and
has served as lead independent director since 2009. Mr Leeming has extensive experience in the
banking sector and has served as a non-executive director on the boards of a number of listed
companies.
Appointment of Group Company Secretary:-


Shareholders are referred to the announcement released by Altron on SENS on 15 November 2016,
advising that Mr WK Groenewald was appointed as the interim group company secretary of Altron.


Shareholders are now advised that Mr Groenewald has been appointed as the group company
secretary of Altron, with effect from 1 March 2017.


Johannesburg
23 February 2017

Sponsor
Investec Bank Limited

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