ALTRON LIMITED - Allocation of Performance Shares in terms of Altron 2009 Share Plan to Executive Directors and Company Secretary

Allocation of Performance Shares in terms of Altron 2009 Share Plan to Executive Directors and Company Secretary

ALTRON LIMITED
(Registration number 1947/024583/0)
(Incorporated in the Republic of South Africa)
Share code: AEL ISIN: ZAE000191342
("Altron" or "Company")

ALLOCATION OF THE ALTRON PERFORMANCE SHARES IN TERMS OF THE ALTRON 2009 SHARE
PLAN TO THE EXECUTIVE DIRECTORS AND COMPANY SECRETARY OF ALTRON

In compliance with rule 3.63 t o 3 . 6 6 of the JSE Listings Requirements, shareholders are advised of the
acceptance of the Altron Performance Shares allocation ("Performance Shares"), at NIL cost, by the Executive
Directors and Company Secretary in terms of the Altron 2009 Share Plan. The allocation of the Performance
Shares will vest in in three years, June 2026, and is subject to performance conditions.

Director:                                         Mr. Werner Gerhard Kapp - Group Chief Executive
Company:                                          Altron
Number of Performance Shares allocated:           869 565 Altron A Ordinary Shares
Deemed value*:                                    R8 521 737
Nature of Interest:                               Direct, Beneficial
Clearance received:                               Yes

Director:                                         Mr. Carel Coenraad Snyman - Chief Financial Officer
Company:                                          Altron
Number of Performance Shares allocated:           434 783 Altron A Ordinary Shares
Deemed value*:                                    R4 260 873.40
Nature of Interest:                               Direct, Beneficial
Clearance received:                               Yes

Director:                                         Ms. Mbali Blossom Ngcobo – Group Company Secretary
Company:                                          Altron
Number of Performance Shares allocated:           69 565 Altron A Ordinary Shares
Deemed value*:                                    R681 737
Nature of Interest:                               Direct, Beneficial
Clearance received:                               Yes

Allocation date of the above transactions – 01 December 2023
Acceptance date of above transactions – 12 December 2023

*Deemed value is based on the market price as at close of business, 30 November 2023, a date preceding the
Company's Remuneration Committee approval. The final award value is based on the share price at the time of
vesting and subject to performance conditions being met.


Johannesburg
12 December 2023
Sponsor: Investec Bank Limited

Date: 12-12-2023 12:25:00
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.