AVENG LIMITED - Resignation and appointment of Directors

Resignation and appointment of Directors

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


RESIGNATION AND APPOINTMENT OF DIRECTORS

In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, shareholders are advised
that Mr Bernard Swanepoel has resigned as an independent non-executive director of Aveng and as a member
of the Risk Committee and the Safety, Health and Environment Committee, with effect from 31 March 2023, to
pursue his personal business interests on a full-time basis. The Board of Directors (“Board”) wishes to thank
Bernard for his valuable contribution.

Concurrently, the Board has appointed Mr David Noko as an independent non-executive director to the Board
with effect from 31 March 2023. In addition, Mr Noko has been appointed to the Risk Committee, Safety, Health
and Environment Committee, and the Tender Risk Committee.

Mr David Noko is an internationally renowned business leader and holds several qualifications including a higher
diploma in mechanical engineering from the Wits Technikon/University of Johannesburg, a Master of Business
Administration (MBA) from Heriot-Watt University, a Management Development Programme (MDP) from Wits
University and a Post Graduate Diploma in Company Directorship from the Graduate Institute of Management
Technology. He has attended and completed the Senior Executive Programme at London Business School.

David’s previous work experience includes South African Breweries and Pepsi Cola International. He held senior
and executive roles at Air Chefs, De Beers Consolidated Mines Limited and AngloGold Ashanti Limited. His
experience and business acumen have seen him serve on the boards of Royal Bafokeng Platinum Limited,
Harmony Gold and Astrapak Limited and Tongaat Hulett Limited as a non-executive director.
He is currently the Chairman of the Council of the University of the Free State and is also a non-executive director
at Aveng Moolmans Holdings.


The Aveng Board welcomes Mr Noko and looks forward to his contribution to the Group.


30 March 2023

Melrose Arch


JSE Sponsor
Investec Bank Limited

Edinah Mandizha
Company Secretary
Tel: 011 779 2800
Email: info@avenggroup.com

Date: 30-03-2023 04:02:00
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