AVENG LIMITED - Retirement and appointment of directors

Retirement 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")


RETIREMENT AND APPOINTMENT OF DIRECTORS


In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, shareholders
are advised that Mr Michael James Kilbride and Ms Mavis Ann Hermanus have retired as
independent non-executive directors of Aveng with effect from 17 July 2023. Both Ms Hermanus
and Mr Kilbride have served on the board of directors of Aveng (“Board”) for more than 10 years.
The Board wishes to thank Ms Hermanus and Mr Kilbride for their valuable contribution and
dedicated service through some challenging times.

Concurrently, the Board has appointed Mr Nicholas Bowen as an independent non-executive
director to the Board with effect from 17 July 2023. Mr Bowen is based in Sydney and has over
40 years of experience in contract mining, construction and quarrying in Australia and other
countries. He was CEO and Managing Director at Macmahon Holdings for 12 years, which, at the
time, was involved in both mining and civil construction. He went on to lead the global mining
services business at Orica and more recently has led mining operations at the Sishen mine for
Kumba, part of the Anglo American Group. Mr Bowen was also CEO of Lubambe Copper Mines
in Zambia. Since 2021 he has been involved in several advisory roles.

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

Composition of Board Committees

In addition, shareholders are advised that the Board Committees have been reconstituted with
non-executive directors, with effect from 17 July 2023, as follows:
•   Audit Committee: B Modise (Chair), B Meyer, and N Bowen;
•   Risk Committee: N Bowen (Chair), P Hourquebie, B Modise and D Noko;
•   Social, Ethics and Transformation Committee: D Noko (Chair), P Hourquebie, and B
    Modise;
•   Safety, Health and Environment Committee: N Bowen (Chair), P Hourquebie and D Noko;
•   Remuneration and Nomination Committee: B Meyer (Chair), P Hourquebie and B Modise;
    and
•   Investment Committee: P Hourquebie (Chair), B Meyer, and B Modise.

Lastly, Ms B Modise has been appointed as the Lead Independent Director.


18 July 2023
Melrose Arch

JSE Sponsor
Valeo Capital (Pty) Ltd

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

Date: 18-07-2023 04:50:00
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