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AEG - Aveng Limited - Voluntary Trading Update AVENG LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1944/018119/06) ISIN: ZAE000111829 SHARE CODE: AEG ("The Aveng Group" or "Group") VOLUNTARY TRADING UPDATE Shareholders are advised that the Company anticipates headline earning per share and earnings per share for the financial year ended 30 June 2010 to be lower than that of the corresponding period ended 30 June 2009 (528,5 cents and 538,8 cents respectively) by between 5% and 15%. The Manufacturing and Processing segment of The Aveng Group remained under significant operating pressure due to lower demand for steel and fabricated products. The market showed improvement in the second half of the financial year compared to the first half of the year. The Opencast Mining segment has continued to improve its contribution to Group earnings in spite of the impact of a strong currency on its US Dollar denominated contracts. In the Construction segment, Grinaker-LTA has lifted its contribution with an improvement in earnings on the back of the completion of large infrastructure projects and the continued benefits arising from its turnaround and restructuring project. Earnings in the Australasian and Pacific Rim Construction operations are down on the prior year and trading conditions remain tight in these markets. The second half of the year did however reflect a slight improvement over the performance of the first half of the year. As anticipated, income from investments has declined from the comparable period primarily as a result of the lower interest rate environment. The financial information on which this statement is based has not been reviewed or reported on by the Company`s auditors. The results for the year ending 30 June 2010 are expected to be released on Wednesday, 8 September 2010. MOOLMANS / AQUARIUS LITIGATION Shareholders are advised that the damages claim instituted by Aquarius Platinum (South Africa) (Pty) Limited against Aveng (Africa) Limited and Mr Brian Wilmot, the managing director of the operating group Moolmans, in the amount of R963,775,098 has been withdrawn. Aveng (Africa) Limited`s counterclaims against Aquarius Platinum (South Africa) (Pty) Limited are set down for trial in August 2010. Sandton 6 August 2010 Sponsor: J.P. Morgan Equities Limited Date: 06/08/2010 13:00:03 Supplied by www.sharenet.co.za 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.
