Disposal Of Altech Autopage | Altron. There When It Matters

The sale of Altech Autopages Cell C subscriber base to Cell C (Pty) Ltd (Cell C), its MTN subscriber base to Mobile Telephone Networks (Pty) Ltd (MTN) and its Vodacom subscriber base to Vodacom (Pty) Ltd (Vodacom), respectively, has been approved by the competition authorities, subject to certain conditions pertaining to those Altech Autopage employees affected by the Altech Autopage Disposal.

Altrons decision to dispose of these subscriber bases has been based on, among others, the impact of the ongoing Mobile Termination Rate (MTR) reductions, in addition to continued industry and consumer deflationary pressures. Altron would like to thank its Altech Autopage subscribers for their loyal support of the Altech Autopage brand over the years. Shareholders will be advised in due course by Altron when the last of the outstanding conditions precedent pertaining to the Altech Autopage Disposal have been fulfilled or waived, as the case may be. -ENDS-Notes to Editors: About Allied Electronics Corporation LimitedAllied Electronics Corporation Limited (Altron), through its principal subsidiaries, Allied Technologies Limited (Altech), Bytes Technology Group (Pty) Ltd (Bytes) and Power Technologies (Pty) Ltd (Powertech), is invested in telecommunications, power electronics, multi-media and information technology. The Altron group employs more than 12 500 employees globally.

About Altech Autopage Altech Autopage is a wholly-owned subsidiary of Altron TMT. It is currently the largest independent converged service provider representing all the South African GSM network operators. Through its own ISP infrastructure Altech Autopage provides converged services to SMEs and Corporates in South Africa. For further information please contact: Shenanda Janse van Rensburg Group Executive: Marketing, PR & Communications Altron Group ServicesTel: +27 (0) 11 650 9211Email: sjvrensburg@altech.co.zaChris Van ZylHead: Corporate Communications & PRAltron Group ServicesTel: +27 (0)11 650 9200Email: cvanzyl@altech.co.zawww.altron.comJSE code: AEL and AEN