ALLIED ELECTRONICS CORPORATION LIMITED - Dealing in Securities by a Director of a Major Subsidiary

Dealing in Securities by a Director of a Major Subsidiary

ALLIED ELECTRONICS CORPORATION LIMITED
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share Code: AEL
ISIN: ZAE000191342
(“Altron”)

DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY

In compliance with the JSE Limited Listings Requirements, the following information is disclosed:

Director                                 :               Mr AJ Holden
Title                                    :               Director
Company                                  :               Altron TMT Holdings (Pty) Ltd

Date of transaction                      :               15 May 2019
Number of securities                     :               11 249
Nature of transaction                    :               On-market purchase of securities
Class of securities                      :               Altron A ordinary shares
Share price                              :               R22.27
Value of transaction                     :               R250 515.23
Nature of interest                       :               Direct Beneficial
Clearance to deal obtained               :               Yes

Date of transaction                      :               14 May 2019
Number of securities                     :               8 939
Nature of transaction                    :               On-market purchase of securities
Class of securities                      :               Altron A ordinary shares
Share price                              :               R22.2927
Value of transaction                     :               R199 274.45
Nature of interest                       :               Direct Beneficial
Clearance to deal obtained               :               Yes

Date of transaction                      :               13 May 2019
Number of securities                     :               20 000
Nature of transaction                    :               On-market purchase of securities
Class of securities                      :               Altron A ordinary shares
Share price                              :               R 22.00
Value of transaction                     :               R 440 000.00
Nature of interest                       :               Direct Beneficial
Clearance to deal obtained               :               Yes

Johannesburg
16 May 2019

Sponsor
Investec Bank Limited

Date: 16/05/2019 10:30:00 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.