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Fri 24 Oct 2003, 11:54 DIRECTOR"S DEALINGS IN SHARES
ALLIED ELECTRONICS CORPORATION LIMITED - DIRECTOR"S DEALINGS IN SHARES          
  ALLIED ELECTRONICS CORPORATION LIMITED                                          
  ("ALTRON")                                                                      
  Share code: ATN                                                                 
  ISIN: ZAE000029658                                                              
  Share code: ATNP                                                                
  ISIN: ZAE000029666                                                              
  DIRECTOR"S DELAINGS IN SHARES                                                   
  Notice of share dealings lodged with the Jse Securities Exchange South Africa in
  terms of listings requirements paragraph 3.63                                   
  Name of Company:                   Allied Electronics Corporation Limited       
  Name of Director:                  Dr HA Serebro                                
  Designation:                       Senior Executive Director                    
  Number of securities sold:         2 900 Altron participating preference shares 
  Price sold at:                     R9.10 per share                              
  Strike price:                      R6.10 per share                              
  Date:                              23 October 2003                              
  Nature of Transaction:             Direct beneficial interest - exercise of     
                                     share options in the normal course.          
  Clearance to deal:                 This was obtained in advance in accordance   
                                     with JSE Listings Requirements - paragraph   
                                     3.66.                                        
  Johannesburg                                                                    
  24 October 2003                                                                 
  Date: 24/10/2003 11:28:34 AM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
                                                                                  
  



 
 
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