ALLIED ELECTRONICS CORPORATION LIMITED - Retirement of non-executive directors

Retirement of non-executive directors

Allied Electronics Corporation Limited
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share code: AEL ISIN: ZAE000191342
(“Altron” or “the company”)


RETIREMENT OF NON-EXECUTIVE DIRECTORS

In compliance with paragraph 3.59 of the JSE Limited’s Listings Requirements, shareholders
are advised that in line with previous announcements by Altron with regard to the restructuring
of the board, Messrs MC Berzack, JRD Modise and SN Susman will retire as non-executive
directors from the board with effect from 31 May 2017.


The board takes this opportunity to thank Messrs MC Berzack, JRD Modise and SN Susman
for their valuable contribution made to the group during their respective tenures on the Altron
board.


Johannesburg
29 May 2017

Sponsor
Investec Bank Limited

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