AVENG LIMITED - Notification of the Voting Results in Respect of Bondholders Meeting

Notification of the Voting Results in Respect of Bondholders Meeting

AVENG LIMITED
Incorporated in the Republic of South Africa
(Registration number 1944/018119/06)
Share code: AEG        ISIN: ZAE000111829
JSE 2019 Convertible Bond Code: AEGCB
JSE 2019 Convertible Bond ISIN: ZAE000194940
(“Aveng” or “the Issuer”)


NOTIFICATION OF THE VOTING RESULTS IN RESPECT OF BONDHOLDERS MEETING

Bondholders are referred to the notice of meeting released on SENS on 12 June 2018, the meeting of which was held today, 3 July 2018 at the offices of
Baker McKenzie at 1 Commerce Square, 39 Rivonia Road, Sandhurst, Johannesburg, 2196 (“the Bondholders Meeting”) at which the Extraordinary
Resolution set out below was considered.

Extraordinary Resolution Number 1: Amendment of Terms and Conditions of the Convertible Bonds

The Bondholders hereby approve the amendments to the Terms and Conditions of the Convertible Bonds as set out in the document attached to the notice of
the Bondholders' meeting at which this Extraordinary Resolution was approved and as initialled by the chairman of the meeting for identification purposes.
The Bondholders further instructs and authorises the Trustee to conclude whatever documents may be required in order to give effect to these amendments
and these resolutions.

In this regard, the Issuer confirms the voting results from the Bondholders Meeting in relation to the total nominal amount of all debt securities of the Issuer
as follows:

 Extraordinary             Debt securities voted     Debt securities voted in   Votes abstained as a        Votes carried for        Votes against
 Resolution                in person or by proxy     person or by proxy         percentage                  resolution as a          resolution as a
                           disclosed as a number     disclosed as a                                         percentage               percentage
                           (each bond has a          percentage
                           Principal value of
                           R10,000.00)
 
 Number 1                  164,881                   82%                        0%                         96.36%                    3.64%


3 July 2018

Financial advisor and transaction sponsor for the Capital Markets Transaction
Rand Merchant Bank (A division of FirstRand Bank Limited)

Legal advisors
Baker McKenzie

Debt sponsor
Absa Bank Limited, acting through its corporate and investment banking division

Aveng
Michael Canterbury
Group Executive: Strategy & Investor Relations
Tel: 011 779 2979
Email: michael.canterbury@avenggroup.com

Date: 03/07/2018 01:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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