ALTRON LIMITED - Dealing in Securities by an Associate of a Director

Dealing in Securities by an Associate of a Director

Altron Limited
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share Code: AEL ISIN: ZAE000191342
ISIN: ZAE000191342

DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR

In compliance with paragraphs 3.63 – 3.74 of the Listings Requirements of the JSE Limited, shareholders
are advised of the following transactions by an associate of a director of the Company:

Director                                  :               Mr AC Ball
Title                                     :               Non-Executive Director
Director                                  :               Mr T Ngara
Title                                     :               Non-Executive Director
Company                                   :               Altron Limited
Name of Associate                         :               Value Capital Partners (Pty) Ltd*
Relationship                              :               The Directors have an indirect beneficial interest
                                                          in Value Capital Partners*

Date of transaction                       :               21 November 2023
Class of securities                       :               Altron A ordinary shares
Number of securities                      :               226 933
Lowest Price per security                 :               R 9.75
Highest Price per security                :               R 10.00
VWAP                                      :               R 9.8867
Value of transaction                      :               R 2 243 619
Nature of transaction                     :               On-market purchase of securities
Nature of interest                        :               Indirect, Beneficial
Clearance to deal obtained                :               Yes

Date of transaction                       :               22 November 2023
Class of securities                       :               Altron A ordinary shares
Number of securities                      :               52 254
Lowest Price per security                 :               R 9.98
Highest Price per security                :               R 10.00
VWAP                                      :               R 9.9919
Value of transaction                      :               R 522 118
Nature of transaction                     :               On-market purchase of securities
Nature of interest                        :               Indirect, Beneficial
Clearance to deal obtained                :               Yes

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


Johannesburg
24 November 2023

Sponsor
Investec Bank Limited

Date: 24-11-2023 12:35:00
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