ALLIED ELECTRONICS CORPORATION LIMITED - Dealing in Securities by an Associate of a Director

Dealing in Securities by an Associate of a Director

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

DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR

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

Director                                 :               Mr AC Ball
Title                                    :               Non-Executive Director
Director                                 :               Mr S Sithole
Title                                    :               Non-Executive Director
Company                                  :               Allied Electronics Corporation Limited
Name of Associate                        :               Value Capital Partners (Pty) Ltd*

Date of transaction                      :               28 December 2020
Number of securities                     :               47 000
Nature of transaction                    :               On-market purchase of securities
Class of securities                      :               Altron A ordinary shares
Share price                              :               R 10.4979
Value of transaction                     :               R 493 401.30
Nature of interest                       :               Indirect Beneficial
Clearance to deal obtained               :               Yes


* Mr AC Ball and Mr S Sithole have an indirect beneficial interest in Value Capital Partners (Pty) Ltd
  ("VCP"), which is the registered investment manager to Value Capital Partners H4 QI Hedge Fund and
  various other funds


Johannesburg
30 December 2020

Sponsor
Investec Bank Limited

Date: 30-12-2020 05:00:00
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