Postponement of the publication of annual results, renewal of cautionary and further cautionary announcement AVENG LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1944/018119/06) ISIN: ZAE000111829 - SHARE CODE: AEG ("Aveng", "the Company" or “the Group”) POSTPONEMENT OF THE PUBLICATION OF ANNUAL RESULTS, RENEWAL OF CAUTIONARY AND FURTHER CAUTIONARY ANNOUNCEMENT The cautionary announcement dated 31 July 2017, relating to the review of long outstanding uncertified revenue, is renewed and holders of Aveng securities are advised to exercise caution in respect of this matter when dealing in Aveng securities until a further announcement is made. The proceeds of AUD50m relating to the QCLNG award has now been received. Following the recently announced QCLNG award at a lower than anticipated value, the Group is considering the impact of the associated write down of AUD235m, together with the likely impact of the review of the uncertified revenue, this may have on its financial statements. Consequently, Aveng has engaged with its major funding banks in relation to the extension of its existing facilities, and these discussions are continuing. The major funding banks have indicated they remain supportive of the Group. As a result, holders of Aveng securities are advised to exercise caution in respect of this matter when dealing in Aveng securities until a further announcement is made. The Board has therefore decided to postpone the publication date of its annual results from 22 August 2017 to 28 September 2017. JSE Sponsor UBS South Africa Proprietary Limited 18 August 2017 Jet Park Michael Canterbury Group Executive: Strategy & Investor Relations Tel: 011 779 2979 Email: michael.canterbury@avenggroup.com FORWARD-LOOKING STATEMENTS This announcement includes forward-looking statements that reflect the current views and expectations of the Board with respect to future events and financial and operational performance. All statements, other than statements of historical fact are, or may be deemed to be, forward-looking statements, including, without limitation, those concerning the Group’s strategy; the economic outlook for the industry; and the Group’s liquidity and capital resources and expenditure. These forward-looking statements speak only as of the date of this announcement and are not based on historical facts, but rather reflect the Group’s current expectations concerning future results and events. The Group undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this announcement. Date: 18/08/2017 09:32:00 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.