AVENG LIMITED - Changes to the Board

Changes to the Board

AVENG LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1944/018119/06)
ISIN: ZAE000111829
SHARE CODE: AEG
("Aveng" or "the Group")

Changes to the Board

Retirement of Chairman

In compliance with Section 3.59 of the JSE Listings
Requirements, shareholders are hereby advised that Mr Angus
William Band will retire as the Chairman of the Board with
effect from 30 June 2015. The Board would like to thank Mr
Band for his contribution over the past 8 years. Mr Band will
remain on the Board as an Independent non-executive director.

Appointment of Mr Mahomed Ismail Seedat as new Independent
Non-Executive Chairman of Aveng

The Board is delighted to announce that Mr Mahomed Seedat who
joined the Board in July 2012, as an Independent Non-Executive
Director will succeed Mr Band as an Independent Non-Executive
Chairman with effect from 1 July 2015. Mr Seedat has been a
member of the Safety, Health and Environmental Committee,
Remuneration and Nominations Committee and is the Chairman of
the Social, Ethics and Transformation Committee.

The Board of Aveng congratulates Mr Seedat on his appointment
and looks forward to his stewardship.

Mr Seedat has worked for three major mining companies during
his 32 year career, during which time he occupied a range of
operational, general management, executive and non-executive
director board roles. Mr Seedat is an engineer with a Bachelor
of Engineering (Electrical) qualification from the University
of Durban Westville.


Changes to the Audit Committee

Mr Peter Ward retires as Chairman of the Audit Committee with
effect from 30 June 2015, and Mr Eric Diack will be appointed
as Chairman of the Audit Committee with effect from 1 July
2015. Mr Ward will remain as a member of the Audit Committee.
Mr Diack is a Chartered Accountant and has over 33 years
extensive industrial experience having served on numerous
major listed company boards.

Jet Park
1 April 2015


Sponsor:
J.P. Morgan Equities South Africa (Pty) Ltd

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