AVENG LIMITED - Share appreciation rights awarded & accepted by directors

Share appreciation rights awarded & accepted by directors

AVENG LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1944/018119/06)
ISIN: ZAE000111829
SHARE CODE: AEG
("Aveng" or "the Group")


SHARE APPRECIATION RIGHTS AWARDED & ACCEPTED BY DIRECTORS


The off-market acceptance of awards by Directors and Subsidiary Directors in terms of the Forfeitable
Share Plan and Share Appreciation Rights Scheme.

Awards were made on the 17 October 2012 in terms of the Aveng Long Term Incentive schemes, being
the Share Appreciation Rights Scheme and the Forfeitable Share Plan. All the awards are for the direct
beneficial interests of directors.

Share Appreciation Rights awarded to and accepted by Directors and Subsidiary Directors:

Employee Name       Employer Company                Acceptance Date             Award              Share
                                                                                 Price       Appreciation
                                                                                                   Rights

Roger Jardine       Aveng Limited                   22 October 2012            R 30.90           212,700
Kobus Verster       Aveng Limited                   22 October 2012            R 30.90           126,800
Juba Mashaba        Aveng Limited                   22 October 2012            R 30.90           100,900
Michelle Nana       Aveng Limited                   22 October 2012            R 30.90            25,000
Stephen Pell        Aveng Limited                   22 October 2012            R 30.90            65,000
Brian Wilmot        Aveng (Africa) Limited          22 October 2012            R 30.90           102,000
Solly Letsoalo      Aveng (Africa) Limited          22 October 2012            R 30.90           114,800
Hercu Aucamp        Aveng Trident Steel (Pty)       22 October 2012            R 30.90            95,800
                    Limited
David Robinson      Aveng Limited                   22 October 2012            R 30.90           170,394

Forfeitable Share Plan (“FSP”)
Schedule 14 of the JSE Limited Listings Requirements will in this instance not apply to the FSP as awards
made under the scheme are settled by way of acquiring shares from third parties on the open market.
No new shares will be issued by the Company to any participant.


Forfeitable Shares awarded to and accepted by Directors and Subsidiary Directors:

Employee Name        Employer Company               Acceptance Date            Award        Forfeitable
                                                                                 Price          Shares
Roger Jardine        Aveng Limited                  22 October 2012            R 30.90           73,000

Kobus Verster        Aveng Limited                  22 October 2012            R 30.90          105,800
Solly Letsoalo      Aveng (Africa)Limited           22 October 2012            R 30.90           94,500
Hercu Aucamp        Aveng Trident Steel (Pty)       22 October 2012            R 30.90           78,900
                    Limited

The necessary clearance in terms of paragraph 3.66 of the JSE Listings Requirements has been obtained.


18 October 2012

Sponsor:
J.P. Morgan Equities Limited

Date: 18/10/2012 05:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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