AVENG LIMITED - Updated trading statement

Updated trading statement

AVENG LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1944/018119/06)
ISIN: ZAE000302618
SHARE CODE: AEG
("Aveng" or "the Group")


UPDATED TRADING STATEMENT


This trading statement is in accordance with paragraph 3.4 (b) of the JSE Listings Requirements, which requires issuers to
publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial
results for the period to be reported on will differ by at least 20% from those of the prior comparative period.

Shareholders are referred to the trading statement announced on SENS on 21 July 2023, detailing expected operating
losses at both McConnell Dowell and Moolmans. The Group expects to report a basic and headline loss per share for the
year ended 30 June 2023.

Consistent with guidance previously provided on 21 July 2023, the Group hereby advises that a reasonable degree of
certainty exists that the results for the year ended 30 June 2023 to be within the following ranges:

                                                             Expected                           Reported
                                                           30 June 2023                       30 June 2022
                                                     ZAR’m             % change                  ZAR’m
 (Loss)/earnings for the period                 (1 289) – (1 280)    (more than 100)              130
 Headline (loss) / earnings                       (963) – (945)      (more than 100)              308
                                                      Cents            % change                  Cents
 Basic (loss) / earnings per share              (1 023) – (1 015)    (more than 100)              106
 Headline (loss) / earnings per share             (761) – (749)      (more than 100)              252
 Diluted (loss) / earnings per share            (1 023) – (1 015)    (more than 100)              100
 Diluted headline (loss) / earnings per share     (761) – (749)      (more than 100)              238


The Group expects to release its audited results on or about 22 August 2023.

The financial information on which this updated trading statement is based has not been reviewed or reported on by the
Group’s auditors.

17 August 2023

Melrose Arch

JSE Sponsor
Valeo Capital (Pty) Ltd


Itumeleng Lepere
Manager Investor Relations
Tel: 011 779 2800
Email: investor.relations@avenggroup.com

Date: 17-08-2023 11:30:00
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