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AEG - Aveng Limited - Appointment of group FD and Grinaker-LTA MD AVENG LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1944/018119/06) ISIN: ZAE000111829 SHARE CODE: AEG ("Aveng" or "the Group") APPOINTMENT OF GROUP FD AND GRINAKER-LTA MD In compliance with paragraph 3.59(a) of the Listings Requirements of the JSE Limited, The Aveng Group is pleased to announce the appointment of Kobus Verster as an Executive Director of Aveng Limited with effect from 1 September 2010. Mr Verster will assume the role of Financial Director with effect from 27 September 2010. Mr Verster holds a BCom degree from the University of Potchefstroom and a BCom Honours (Economy) degree from the University of South Africa. He also holds an MBL from the University of South Africa and attended the Executive Management Program at the University of Virginia in the USA. In 1990 Mr Verster joined Iscor Limited and has held various senior roles in financial management with that company. He has also had international experience with the Mittal Steel Group. Mr Verster has resigned as Chief Financial Officer of ArcelorMittal South Africa and will be leaving on 23 August 2010. With effect from 27 September 2010, the Board of Aveng Limited will be constituted as follows - AWB Band* (Chairman), WR Jardine (CEO), K Verster (FD), MA Hermanus*, RL Hogben*, JJA Mashaba, VZ Mntambo*, DG Robinson (Australian), MJD Ruck*, RC Rumble*, NL Sowazi*, PK Ward*. The Aveng Group is also pleased to announce the appointment of Eugene Erasmus as Managing Director of Grinaker-LTA with immediate effect. Mr Erasmus has fulfilled the role of acting Managing Director of Grinaker-LTA since 1 March 2010. A professional engineer with an MEng degree from Stellenbosch University, Mr Erasmus has headed numerous business units within Grinaker-LTA over the past 30 years. Mr Erasmus has a wealth of multi-disciplinary construction and engineering experience and has been pivotal in driving the strategic repositioning of Grinaker-LTA. The Board of Aveng Limited and its executive management look forward to the continuation of Mr Erasmus` valuable contribution to the future performance of Grinaker-LTA. The Aveng Group is currently in a closed period and will release the results for the year ended 30 June 2010 on or about 8 September 2010. *Non-executive Sandton 23 July 2010 Sponsor J.P. Morgan Equities Limited Date: 23/07/2010 08:18:01 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.
