ALTRON LIMITED - Update: Disposal of the ATM Hardware and Support Business of Altron Managed Solutions

Update: Disposal of the ATM Hardware and Support Business of Altron Managed Solutions

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

UPDATE: DISPOSAL OF THE ATM HARDWARE AND SUPPORT BUSINESS OF ALTRON
MANAGED SOLUTIONS (“TRANSACTION”)

Shareholders are referred to the update on the Transaction published on 23 February 2023.

The Company and NCR Corporation (“NCR”) have mutually agreed that the Transaction will be concluded
through a newly-formed South African company, wholly-owned by NCR (“New Company”). Furthermore, the
Company and NCR have agreed, to extend the finalisation date for the fulfillment of the outstanding conditions
precedent by one month to 31 May 2023.

This extension is to allow the Parties to receive the regulatory approval from the Namibian Competition
Commission, which remains outstanding and to enable NCR to finalise the new company’s Value Added Tax
registration with the South African Revenue Services.

The Company and NCR remain committed to closing the Transaction.

Johannesburg
24 April 2023

Transaction Advisor
Marsden Advisory Pty Ltd

Sponsor
Investec Bank Limited

Background information

NCR Corporation (NYSE: NCR) is a leader in transforming, connecting and running technology platforms for
self-directed banking, stores and restaurants. NCR is headquartered in Atlanta, Ga., with 38,000 employees
globally. NCR is a trademark of NCR Corporation in the United States and other countries.

Date: 24-04-2023 04:40:00
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.