Altron Group Investec Securities Mid/Small Cap Conference 20 June 2002

1. Altron GroupInvestec Securities Mid/Small Cap Conference20 June 2002 Robert E Venter Chief Executive

2. Agenda • Strategy • Management structure • 2002 financial results • Strategic partners and customers • Segmental review • Strategy revisited • The road ahead • Questions & answers

3. Simplifystructure Reduceentry points Increaseshareholdervalue Successionplanning Divestnon-coreassets Globalexpansion Focus onhigh-growthopportunities Strategy

4. Corporate activity 2001/2002 • Fintech delisted - cost R130m • Powertech shareholders approve scheme of arrangement at R4.00 combined with special dividend of R1.00 - delisting to be completed in June • Group reduced from 9 listed entities 18 months ago to 3 • Powertech sells 29% Voltex stake for R130m • Empowerment initiatives concluded with: • Ikwezi (Aberdare & Rentech) • Merger of Labat Africa & Altech IT assets announced • Maseco System Integrators (BTN Cape Town) • Disposal of Alcatel Altech Telecoms announced for ±R300 - R350m • Altron share repurchase totals 9.3% costing R222m • Further acquisitions and disposals concluded during year

5. Management structure Office of the Chairman Dr. WP Venter Chairman Altron GJ Trollope Group Executive Dr. HA Serebro Snr. Executive Director RE Venter* CEO & Chairman ofExecutive Committee Altron Diane Radley* CFO Adv. DC Mpofu* Corporate Affairs PMO Curle* Corporate Finance *Members of the Executive Committee IP Pennel* CEO Fintech N Claussen* CEO Powertech CG Venter* CEO Altech PD Redshaw* Chairman BTG

6. Financial resultsfor year-end28 February 2002

7. Financial highlights

8. Summary: Group income statement R million 2002 2001 % change 11 9 900 Revenue 8 951 22 4 Operating income Income before taxation Income after taxation Attributable earnings 627 735 589 298 763 746 550 308 8 28 19 103.3 101.5 31.0 Basic EPS – cents Headline EPS – cents Dividend per share - cents 111.9 129.5 37.0

9. Summary: Group balance sheet R million 2002 2001 % change 2 229 4 066 1 125 1 860 - 1 081 6 295 Assets Non-current assets Current assets Inventories Accounts receivable Voltex sale proceeds Net cash and cash equivalents Total assets 8 15 (2) 9 - 34 2 402 4 678 1 106 2 027 101 1 445 7 081 5 49 16 17 19 3 403 694 2 108 6 295 615.7 3 581 1 036 2 464 7 081 725.1 Equity and liabilities Shareholders’ interest Non-current liabilities Current liabilities Total equity and liabilities Net asset value per share - cents

10. Summary: Group cash flow R million 2001 2002 Operating activities 314 585 Cash generated by operations 798 858 85 Net investment income 81 Changes in working capital (174) 239 Taxation paid (217) (244) Cash available from operating activities 488 937 Dividends paid (175) (352) Investing activities (408) (269) Financing activities 265 (51) Net funds generated 170 264

11. Group structure * Op income R762.8m HEPS up 27.5% Cash R1.4 billion 59.6% 54.7% 53.5% * * * JSE listed Op income R109.9m Adjusted HEPS 40 cps Cash R222m Op income R216.4m HEPS up 26.2% Cash R440m Op income R357.3m HEPS up 21.5% Cash R597m

12. Market performance

13. See through valuation Sum of parts R2 993m cent per share R603m Value gap 1011 Rm R550m or 18% R777m 827 R349m Powertech59% R1 264m BTG55% R2 443m Marketcap 31/05/02 Altech54% 0

14. Group results overview 1st half 2nd half CAGR15% Operating income 5 year CAGR16% Revenue R m % R m 5 Year CAGR15% Actual HEPS Return on capital employed Cents

15. Hard currency revenues Exports and foreign-owned operations 23%of total revenues 2002 2001 24% 18%

16. Global reach Foreign income in over 75 countriesexceeding R2.2 billion UK Europe North AmericaSan Diego, USA Porto, Portugal Zaragoza, Spain AsiaMalaysia Operational presence Export destinations AfricaSouth Africa, Botswana, Mauritius, Mozambique, Namibia, Swaziland, Zambia AustraliaSydney

17. Exports per region

18. Strategic partners

19. Key customers

20. Segmental review

21. Contribution per segment Revenue 2002 2001

22. Contribution per segment Operating profit 2002 2001

23. Contribution per sub-holding company Revenue 2002 2001

24. Contribution per sub-holding company Operating income 2002 2001

25. Telecoms • Macro economic scenario • Global • Telco's remain over-geared and suffer from effects of misjudged expansion • Overpayment for 3G licences • Markets remain weak, infrastructure spend depressed • Sector will benefit from global economic upswing • Local/company specific • Regulatory uncertainty • Delays in issue of SNO license and in Telkom’s IPO • Offset by initial infrastructural spend by Transtel, Esi-Tel,Cell C for optical fibre cable, rectifiers and standby batteries • Capex meaningful at Vodacom, MTN and Telkom • Subscriber growth at Autopage and Netstar driven by consumer demand

26. SATRAIBA = ICASA(July 2000) Future telecom environment Governing bodies Fixed Line Telecom Network Operators 3rd NO Fully liberalised market multiple telecom players competing Telkom SNO year 2000 2002 2008 2004 2006 Cellular Telecom Network Operators Vodacom Cell-C MTN

27. Key policy factors relating to SNO • Equity structure • Foreign technology partner 51% • Eskom Enterprises/Transtel 30% • Black Economic Empowerment 19% • Binding bids by end Aug 2002 • Community service obligations • Share Telkom facilities for 2 years • Criteria:

28. Cabled-fibre demand by region Fiber-km (UUU)

29. Telecoms Portfolio of assets – product and services

30. Telecoms Portfolio of assets – competitive position

31. Multimedia & electronics • Macro economic scenario • Global • Challenges with iTV, Kirsch Media and NTL but still niche growth opportunities • Local/company specific • Deregulation will increase demand for multimedia products • Impact of upward pressure on inflation and interest rates • GDFI growth remains erratic • Government committed to increased capital expenditure • Efficiencies from group rationalisation will flow through

32. Multimedia & electronics Portfolio of assets – products and services

33. Multimedia & electronics Portfolio of assets – competitive position

34. Information technology • Macro economic scenario • Global • Signs of slow recovery in global economy led by US, but contradictory corporate signals (IBM vs. Intel vs. Cisco) • Equity markets still expensive (S&P PE of 42) • TMT stock prices stabilising, expected to recover • Sector will benefit from economic upswing, likely to be more sustained in EU than US • Local/company specific • Industry competitive with consolidation opportunities • IT spending under pressure and based on ROI • BEE essential

35. Information technology market sector Bytes Technology Group Financial Mail IT rankings 2002 (31 May, 2002)

36. BTG UK Bytes Software Bytes Technology Networks Information technology Portfolio of assets – products and services

37. BTG UK Bytes Software Bytes Technology Networks Information technology Portfolio of assets – competitive position

38. Fintech overview • Incorporated into Altron Corporate • 2002 results • New capital financed R476m • Revenue R216.2m • Operating income R65.7m

39. Altron strategy revisited Simplify structure Reduce complexity and entry points Divest non-core assets Focus on high growth opportunities Global expansion Succession planning Increase shareholder value

40. The road ahead • Utilisation of cash through acquisition • BTG and Altech with off shore focus • Continue review on core vs. non-core assets • Strategic review being completed on Fintech • Group product vs. non-group product • Where should group assets be housed? • Will keep options open re further restructuring in terms of listed entry points but fundamental conditions are different at Altech and BTG when compared to Fintech and Powertech • Group has been focused and restructured significantly – emphasis now on driving benefits through earnings

41. Thank youQuestions and answers