AEG - Aveng Limited - Appointment of managing director of Aveng Grinaker-LTA

AEG - Aveng Limited - Appointment of managing director of Aveng Grinaker-LTA    
AVENG LIMITED                                                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1944/018119/06)                                           
ISIN: ZAE000111829                                                              
SHARE CODE: AEG                                                                 
("the Aveng Group")                                                             
APPOINTMENT OF MANAGING DIRECTOR OF AVENG GRINAKER-LTA                          
The Aveng Group is pleased to announce the appointment of Grahame McCaig as     
the Managing Director of Aveng Grinaker-LTA with effect from 1 November         
2011. Mr McCaig will assume the role from Eugene Erasmus, who will retire       
from the Aveng Group at that time.                                              
Mr McCaig is currently the Managing Director of Taylor Woodrow International    
(Gulf) based in Dubai. He started his career as a Grinaker bursar in 1985       
and subsequently worked for Grinaker. Mr McCaig holds a BSc Civil               
Engineering degree from the University of Cape Town. Previously, Mr McCaig      
occupied senior management positions at Dutco Balfour Beatty LLC, Gammon        
Construction Hong Kong and Khansaheb Civil Engineering LLC.                     
Mr McCaig has been an active member of the local UAE Industry and was           
appointed as the inaugural Chairman of BuildSafeUAE, an industry led            
initiative aimed at improving overall Industry HSE performance.                 
Until such time as Mr McCaig assumes his appointment, Mr Erasmus will           
continue to re-position the Aveng Grinaker-LTA business for sustainable         
growth and will assist in the handover to Mr McCaig.                            
The Aveng Group extends its appreciation to Mr Erasmus for his significant      
contribution and guidance in managing Aveng Grinaker-LTA.                       
Sandton                                                                         
12 May 2011                                                                     
Sponsor                                                                         
J.P. Morgan Equities Limited                                                    
Date: 12/05/2011 13:30:01 Supplied by www.sharenet.co.za                     
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