Renewal of cautionary announcement AVENG LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1944/018119/06) Share code: AEG Share ISIN: ZAE000194940 JSE 2019 Convertible Bond Code: AEGCB JSE 2019 Convertible Bond ISIN: ZAE000194940 ("Aveng", "the Company") RENEWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are referred to the cautionary announcements released on the Stock Exchange News Service on 29 April 2018, 18 May 2018 and 29 May 2018. Aveng continues to progress both the Capital Markets Transaction (as defined in the previous SENS announcements) and engagement with Murray & Roberts in relation to the M&R Transaction (as defined in the previous SENS announcements), having regard to and considering the impact of Aton's acquisition of a 25.4 % interest in the Company. These transactions, if successfully concluded, may have a material effect on the price of the Company’s securities. Accordingly, shareholders of Aveng are advised to continue exercising caution when dealing in their securities until further details pertaining to the Capital Markets Transaction and the M&R Transaction are announced. Jet Park 11 July 2018 JSE Sponsor UBS South Africa Proprietary Limited 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 Michael Canterbury Group Executive: Strategy & Investor Relations Tel: 011 779 2979 Email: michael.canterbury@avenggroup.com Date: 11/07/2018 09:50:00 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.