ALTRON LIMITED - Acceptance of Restricted Matching Shares in terms of the MSR Policy and Allocation of the Altron Performance Shares

Acceptance of Restricted Matching Shares in terms of the MSR Policy and Allocation of the Altron Performance Shares

ALTRON LIMITED
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share Code: AEL ISIN: ZAE000191342
("Altron" or "the Company")

ACCEPTANCE OF RESTRICTED MATCHING SHARES GRANTED IN TERMS OF THE MINIMUM
SHAREHOLDING REQUIREMENT (MSR) POLICY AND ALLOCATION OF THE ALTRON PERFORMANCE
SHARES IN TERMS OF THE ALTRON 2009 SHARE PLAN FOR THE EXECUTIVE DIRECTORS,
COMPANY SECRETARY AND DIRECTOR OF A MAJOR SUBSIDIARY OF ALTRON

In compliance with paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements
("JSE Listings Requirements"), notice is hereby given of the following dealings by an Executive Director,
Company Secretary and Director of a major subsidiary of Altron, after receiving clearance to do so in terms of
paragraph 3.66 of the JSE Listings Requirements. The dealings relate to the acceptance of restricted matching
shares post the closed period, granted in terms of the Company's MSR Policy.

  Name                                                :     Carel Snyman
  Title                                               :     Executive Director
  Company                                             :     Altron Limited
  Class of securities                                 :     Altron A Ordinary shares
  Total number of shares                              :     35,000
  Award price per share                               :     R23.50
  Value of the transaction                            :     R822,500.00
  Nature of transaction                               :     Off-market acceptance of award of matching
                                                            shares in terms of the MSR Policy
  Nature of interest                                  :     Direct beneficial
  Date of share award                                 :     3 June 2025

  Name                                                :     Mbali Ngcobo
  Title                                               :     Company Secretary
  Company                                             :     Altron Limited
  Class of securities                                 :     Altron A Ordinary shares
  Total number of shares                              :     1,425
  Award price per share                               :     R23.50
  Value of the transaction                            :     R33,487.50
  Nature of transaction                               :     Off-market acceptance of award of matching
                                                            shares in terms of the MSR Policy
  Nature of interest                                  :     Direct beneficial
  Date of share award                                 :     3 June 2025

  Name                                                :     Collin Govender
  Title                                               :     Director
  Company                                             :     Altron TMT Proprietary Limited
  Class of securities                                 :     Altron A Ordinary shares
  Total number of shares                              :     13,150
  Award price per share                               :     R23.50
  Value of the transaction                            :     R309,025.00
  Nature of transaction                               :     Off-market acceptance of award of matching
                                                            shares in terms of the MSR Policy
  Nature of interest                                  :     Direct beneficial
  Date of share award                                 :     3 June 2025

  The restricted matching shares will be held by the abovementioned MSR participants in a direct
  beneficial capacity for a period of three years. The restricted matching shares are subject to:
  a) an agreement between the MSR participants and Altron that the shares cannot be traded or
     pledged during the three-year period; and
  b) clawback, should the MSR participants terminate their employment before the completion of the
     three-year period.

  Shareholders are further advised, in compliance with paragraphs 3.63 to 3.66 of the JSE Listings
  Requirements of the acceptance of the Altron Performance Shares allocation ("Performance Shares"), at NIL
  cost, by the Executive Directors, Company Secretary and Directors of the major subsidiaries of Altron in terms
  of the Altron 2009 Share Plan. The allocation of the Performance Shares will vest in three years, June 2028,
  and are subject to performance conditions.


  Name                                                :     Werner Gerhard Kapp
  Title                                               :     Executive Director - Chief Executive Officer
  Company                                             :     Altron Limited
  Number of Performance Shares allocated              :     269 720 Altron A Ordinary Shares
  Deemed value*                                       :     R6 360 000
  Nature of Interest                                  :     Direct beneficial
  Clearance received                                  :     Yes
 
  Name                                                :     Carel Snyman
  Title                                               :     Executive Director - Chief Financial Officer
  Company                                             :     Altron Limited
  Number of Performance Shares allocated              :     131 997 Altron A Ordinary Shares
  Deemed value*                                       :     R3 112 500
  Nature of Interest                                  :     Direct beneficial
  Clearance received                                  :     Yes

  Name                                                :     Mbali Ngcobo
  Title                                               :     Group Company Secretary
  Company                                             :     Altron Limited
  Number of Performance Shares allocated              :     21 170 Altron A Ordinary Shares
  Deemed value*                                       :     R499 200
  Nature of Interest                                  :     Direct beneficial
  Clearance received                                  :     Yes

  Name                                                :     Collin Govender
  Title                                               :     Director
  Company                                             :     Altron TMT Proprietary Limited
  Number of Performance Shares allocated              :     94 795 Altron A Ordinary Shares
  Deemed value*                                       :     R2 235 261
  Nature of Interest                                  :     Direct beneficial
  Clearance received                                  :     Yes

  Allocation date of the above transactions – 02 June 2025
  Acceptance date of above transactions – 02 June 2025

  *Deemed value is based on the market price as at close of business, 30 May 2025 of R23.58.

Johannesburg
3 June 2025

Sponsor
Investec Bank Limited

Date: 03-06-2025 04:15:00
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