The Off-Market Acceptance of Awards by Directors and Subsidiary Directors in Terms of the Forfeitable Share Plan. Aveng Limited (Incorporated in the Republic of South Africa) (Registration number: 1944/018119/06) ISIN: ZAE000111829 SHARE CODE: AEG ("Aveng" or "the Group") The Off-Market Acceptance of Awards by Directors and Subsidiary Directors in Terms of the Forfeitable Share Plan. Awards were made on 1 September 2015 in terms of the Aveng Forfeitable Share Plan. All the awards are for the direct beneficial interests of directors. The Board had intended to make this award in terms of the policy earlier during the 2014/15 financial year. However, due to Aveng being in extended prohibited periods in light of the disposal of the Electrix business, the property transaction as well as the interim and final results, the awards could not be made earlier. Forfeitable Share Plan (“FSP”) Schedule 14 of the JSE Limited Listings Requirements will in this instance not apply to the FSP as awards made under the scheme are settled by way of acquiring shares from third parties on the open market. No new shares will be issued by the Company to any participant. Forfeitable Shares awarded to and accepted by Directors and Subsidiary Directors: Name of director: HJ Verster Company: Aveng Limited Forfeitable shares awarded: 768 400 ordinary shares Date of transaction: 1 September 2015 Award price per share: R 4.88 Total value: R 3 749 792 Acceptance date: 3 September 2015 Name of director: JJA Mashaba Company: Aveng Limited Forfeitable shares awarded: 372 800 ordinary shares Date of transaction: 1 September 2015 Award price per share: R 4.88 Total value: R 1 819 264 Acceptance date: 3 September 2015 Name of director: AH Macartney Company: Aveng Limited Forfeitable shares awarded: 391 000 ordinary shares Date of transaction: 1 September 2015 Award price per share: R 4.88 Total value: R 1 908 080 Acceptance date: 3 September 2015 Name of subsidiary director: LS Letsoalo Company: Aveng (Africa) (Pty) Limited Forfeitable shares awarded: 348 400 ordinary shares Date of transaction: 1 September 2015 Award price per share: R 4.88 Total value: R 1 700 192 Acceptance date: 3 September 2015 Name of subsidiary director: MH Nana Company: Aveng (Africa) (Pty) Limited Forfeitable shares awarded: 88 800 ordinary shares Date of transaction: 1 September 2015 Award price per share: R 4.88 Total value: R 433 344 Acceptance date: 3 September 2015 In terms of the rules of the Scheme, the vesting period is three (3) years from the date of award and vesting is subject to performance conditions and continued employment by the recipients. The necessary clearance in terms of paragraph 3.66 of the JSE Listings Requirements has been obtained. 3 September 2015 Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd Date: 03/09/2015 03:38:00 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.