AVENG LIMITED - Results of the general meeting

Results of the general meeting

AVENG LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1944/018119/06)
Share code: AEG
Share ISIN: ZAE000111829
("Aveng", "the Company")

RESULTS OF THE GENERAL MEETING

Aveng Shareholders are advised that at the general meeting held today 16 November 2018, the requisite
majority of shareholders approved all the resolutions, as set out in the notice of the general meeting,
necessary to proceed. In February 2018, Aveng announced the results of the strategic review following a
thorough and robust interrogation of all parts of the organisation to identify businesses and assets that
support its long-term strategy of becoming an international infrastructure and resources group, with a
footprint in developing and fast-growing regions and with access across the chosen markets. As part of
the strategy, Aveng identified the Jet Park Property as a non-core asset for disposal to generate capital
and enhance the liquidity of the Aveng Group. Aveng Africa has reached agreement with Equites for the
disposal of the Jet Park Property.

Results of the general meeting

There were 19 394 498 220 ordinary shares in issue at the date of the general meeting. The total number
of shares present/represented, including proxies, at the meeting was 14 337 831 944 or 74% of Aveng’s
issued share capital.

The voting results of the resolutions were as follows:

Ordinary resolution 1: Approval of the Proposed Transaction
The Aveng’s Board be and is hereby authorised to implement the Proposed Transaction, upon the terms
and subject to the conditions set out in the Circular to the Shareholders dated 15 October 2018 of which
this Notice of General Meeting forms part.

                         For                      Against       Abstain         Total shares voted
Shares voted             14 335 288 033           433 174       2 110 737       14 335 721 207
                         100%                     0%            0.01%           73.92%

Ordinary resolution 2: Authority to any Director or Aveng Group Secretary
Any of the Directors of Aveng’s Board or the Aveng Group Secretary be and is hereby authorised to take
all actions necessary and sign all documents required to implement the Proposed Transaction.

                         For                      Against       Abstain          Total shares voted
Shares voted             14 333 283 582           489 425       4 058 937       14 333 773 007
                         100%                     0%            0.02%           73.91%
Jet Park
16 November 2018

JSE Sponsor
UBS South Africa Proprietary Limited
Legal advisors
Baker McKenzie



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

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