Trading statement AVENG LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1944/018119/06) ISIN: ZAE000111829 SHARE CODE: AEG ("Aveng Group”, “Aveng” or "Group") Trading statement Aveng shareholders are advised that in respect of the unaudited financial results for the six months ended 31 December 2013, the Group anticipates earnings per share (“EPS”) and headline earnings per share (“HEPS”) to decline by between 20% and 25% in relation to the comparative period. This translates to EPS of between 78.8 and 84.0 cents per share and HEPS of between 78.4 and 83.6 cents per share. Net operating earnings were 8% below the comparative period with Aveng Grinaker-LTA generating a materially higher loss and the Mining operating segment’s contribution being lower primarily as a result of the reduced order book which was reported on at 30 June 2013. Net financing expenses incurred in the current period were materially higher than the comparative period mainly due to the higher borrowings for the period due to the funding of working capital primarily on the large Queensland Curtis Liquefied Natural Gas project in Australia. Further information will be made available in the interim results announcement. The above information has not been reviewed or reported on by the Aveng Group’s auditors. The Group’s interim results for the six months ended 31 December 2013 will be released on SENS on 25th February 2014 when the Group will be updating the market on its business in a presentation in Johannesburg on the same day, and in Cape Town on 26th February 2014. The presentation will be available for all stakeholders on the Group’s website, www.aveng.co.za. Page | 1 Sandton 18 February 2014 Sponsor: J.P. Morgan Equities South Africa (Proprietary) Limited Page | 2 Date: 18/02/2014 10:32:00 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.