Dealing in securities by directors and the company secretary of Altron and its major subsidiaries Allied Electronics Corporation Limited Registration number 1947/024583/06) Incorporated in the Republic of South Africa) Share Code: ATN ISIN: ZAE000029658 Share Code: ATNP ISIN: ZAE000029666 (“Altron” or “the company”) Dealing in securities by directors and the company secretary of Altron and its major subsidiaries: Allocation, Award and Grant of Share Appreciation Rights (SARs), Performance Shares and Bonus Shares in terms of The Altron 2009 Share Plan In compliance with rule 3.63 of the JSE Listings Requirements, the following information is disclosed: Name of director: RE Venter Designation: Chief Executive Name of company: Altron Number of Performance Shares (nil cost): 236 666 Number of Bonus Shares (nil cost): 43 789 Name of director: AMR Smith Designation: Chief Financial Officer Name of company: Altron Number of Performance Shares (nil cost): 98 580 Number of Bonus Shares (nil cost): 36 908 Name of company secretary: WK Groenewald Designation: Group Company Secretary Name of company: Altron Number of SARs: 15758 Allocation price of SARs: R9.90 Value of SARs: R156 004.20 Number of Bonus Shares (nil cost): 6 040 Name of director: PR Riskowitz Designation: Executive Director Name of company: Altron TMT Holdings (Pty) Ltd Number of Performance Shares (nil cost): 76 269 Number of Bonus Shares (nil cost): 15 147 Name of director: AJ Holden Designation: Executive Director Name of company: Altron TMT Holdings (Pty) Ltd Number of Performance Shares (nil cost): 93 987 Number of Bonus Shares (nil cost): 53 804 Name of director: LM Savage Designation: Executive Director Name of company: Altron TMT Holdings (Pty) Ltd Number of Performance Shares (nil cost): 93 987 Number of Bonus Shares (nil cost): 32 880 Name of director: DM Ramaphosa Designation: Executive Director Name of company: Altron TMT SA Group (Pty) Ltd Number of Performance Shares (nil cost): 65 456 Number of Bonus Shares (nil cost): 11 700 Name of director: WH Oosthuysen Designation: Executive Director Name of company: Altron TMT (Pty) Ltd Number of Performance Shares (nil cost): 78 503 Number of Bonus Shares (nil cost): 11 693 Allocation, award and grant dates for above 22 February 2017 transactions: Acceptance dates for above transactions: 28 February 2017 Nature of above transactions: Off-market allocation, award and grant of SARs, performance shares and bonus shares respectively in accordance with the rules of The Altron 2009 Share Plan Nature of interest for above transactions: Direct beneficial Clearance to deal obtained: Yes Johannesburg 1 March 2017 Sponsor Investec Bank Date: 01/03/2017 04:00:00 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.