Business Re-organisation and Management Changes AVENG LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1944/018119/06) ISIN: ZAE000111829 SHARE CODE: AEG ("Aveng Group”, “Aveng” or "Group") Business Re-organisation and Management Changes The Aveng Group wishes to announce that it intends to re-group certain business units into more relevant and aligned Operating Groups, and re-organise management structures of the new divisions. Aveng Steel: In the current Aveng structure, there are three steel-related businesses in three different Operating Groups; DSE in Aveng Grinaker-LTA, Aveng Steeledale in Aveng Manufacturing and Aveng Trident Steel. To improve the customer focus of the businesses and to streamline operations, it is proposed to combine all of the above mentioned steel units into one operating entity called Aveng Steel. Aveng Construction Africa: A new division, to be known as Aveng Construction Africa, will be established to incorporate the entire construction portfolio in South Africa and the rest of Africa. Aveng Grinaker LTA as the main business unit within the Aveng Construction Africa operating group will continue to function in its current form with the exception of the Specialised Businesses. The Specialised business cluster has been reviewed and the specialised business cluster will be collapsed by moving `construction related units` directly under the construction units of Aveng Grinaker-LTA and manufacturing/sales units directly under Aveng Manufacturing or Aveng Steel. Aveng Engineering: Aveng Engineering will become the central unit responsible for generic engineering services and project management activities with Aveng Water, Power & Energy (including Renewables) and Minerals becoming the customer facing sub units. Senior Management Changes The Group is pleased to announce that Brian Wilmot has agreed to relinquish his role as Group Executive: Aveng Mining and will be assuming the position of Managing Director of Aveng Construction Africa. Brian brings a wealth of construction and contracting experience to his new role, having spent the first 15 years in the civil engineering industry and the last 22 years in contract mining. In view of Brian Wilmot’s appointment into an executive role responsible for Aveng Construction Africa, the current Managing Directors for Aveng Moolmans and Aveng Shaft and Underground Mining in the interim will both report to the Aveng Group CEO. The Aveng Group wishes to announce the resignation of Grahame McCaig as Managing Director of Aveng Grinaker-LTA. The Aveng Group extends its appreciation to Mr McCaig for his contribution and wishes him success in the future. Hercu Aucamp, currently the Managing Director of Aveng Trident Steel, will be appointed to lead Aveng Steel. It is proposed that Gavin Young, currently the Managing Director of Aveng E+PC, will lead the Aveng Engineering cluster. Morningside, Sandton 3 May 2013 Sponsor: J.P. Morgan Equities South Africa Proprietary Limited Date: 03/05/2013 03:45:00 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.