Trading statement AVENG LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1944/018119/06) SHARE CODE: AEG AEG ISIN: ZAE000111829 ("Aveng", "the Company" or “the Group”) TRADING STATEMENT The Group is expected to report an overall operating and net profit after tax for the six months ended 31 December 2020. The operating performance of both core and non-core businesses has contributed to the overall improvement of the business and a return to profitability. In accordance with paragraph 3.4 (b) of the JSE Listings Requirements, issuers are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on will differ by at least 20% from those of the prior comparative period. The basic profit for the six months ended 31 December 2020 is expected to be between R416 million and R460 million, representing an improvement greater than 100% from the R170 million loss reported in the comparative period. The headline earnings for the period is expected to be between R104 million and R114 million, representing an improvement greater than 100% from the headline loss of R205 million in the comparative period. The HEPS is expected to be between 0.4cps and 0.8cps, representing an improvement greater than 100% compared to a HEPS loss of 1.1cps at 31 December 2019. The EPS is expected to be between 2.1cps and 2.5cps, representing an improvement greater than 100% against a reported loss of 0.9cps in the comparative period. The Group will release its results for the six months ended 31 December 2020 on or about 23 February 2021. The financial information contained in this trading statement has not been reviewed nor reported on by Aveng's external auditors. 18 February 2021 Melrose Arch JSE Sponsor UBS South Africa Proprietary Limited Edinah Mandizha Company Secretary Tel: 011 779 2800 Email: info@avenggroup.com Date: 18-02-2021 02:33:00 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.