ALLIED ELECTRONICS CORPORATION LIMITED - Update announcement on the appointment of Altrons Chief Executive

Update announcement on the appointment of Altron’s Chief Executive

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”)


UPDATE ANNOUNCEMENT ON THE APPOINTMENT OF ALTRON’S CHIEF EXECUTIVE

Shareholders are referred to the announcement released on SENS on 7 March 2017 regarding the
appointment of Mr Mteto Nyati as Altron Chief Executive and the stepping down as Chief Executive
by Mr Robbie Venter.


Shareholders are advised that Mr Nyati will assume the position of Altron Chief Executive with effect
from 1 April 2017. Mr Venter will work closely with Mr Nyati during his handover period and the
board looks forward to Mr Venter’s on-going participation as a non-executive director on the Altron
board.


Johannesburg
22 March 2017

Sponsor
Investec Bank Limited

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