QCLNG Project update AVENG LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1944/018119/06) ISIN: ZAE000111829 SHARE CODE: AEG ("Aveng" or "the Group") QCLNG PROJECT UPDATE The Aveng Group is pleased to announce that the Queensland Curtis Liquefied Natural Gas (“QCLNG”) pipeline and facilities project in Australia, in which McConnell Dowell is a 50% joint venture partner, achieved substantial completion on 30 November 2013. The client, QGC, formally confirmed that the so-called “gas-ready” milestone date was achieved in early December 2013. The client is satisfied with the delivery of this complex project which is a critically important milestone in the development of their overall liquefied natural gas project. Although the project completion milestones were successfully met and the resulting milestone completion incentives were earned and received, the commercial claims resolution process remains a risk. In late-December 2013, the QCLNG joint venture was unsuccessful in the first part of the commercial claims arbitration. Based on the recent recommendation of the joint venture’s legal advisors, it submitted its leave to appeal the outcome of this first claims award, on 15 January 2014. For the remaining claims, which in both number and monetary value are considerably larger than those to which the initial arbitration award applied, it is the intent of the parties to expedite the arbitration process. Further information will be made available as further material developments relating to the commercial claims process emerge. Sandton 16 January 2014 Sponsor: J.P. Morgan Equities South Africa Proprietary Limited Date: 16/01/2014 11:12:00 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.