AVENG LIMITED - Dealing in securities - vesting and settlement under the long-term incentive plan (LTIP)

Dealing in securities - vesting and settlement under the long-term incentive plan (LTIP)

AVENG LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1944/018119/06)
ISIN: ZAE000302618
SHARE CODE: AEG
("Aveng" or "the Company")


DEALING IN SECURITIES BY DIRECTORS OF AVENG LIMITED AND DIRECTORS OF MAJOR
SUBSIDIARIES - VESTING AND SETTLEMENT UNDER THE LONG-TERM INCENTIVE PLAN (LTIP)


In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements ("Listings
Requirements"), shareholders are advised of the following information relating to dealing in securities by
directors and prescribed officers of the Company and directors of major subsidiaries.

Shareholders are referred to the announcement dated 3 July 2023 on the Stock Exchange News Service
relating to the granting and acceptance of the LTIP shares. Shareholders are advised that LTIP shares
have vested following the 30 June 2025 year end, the detail of which is set out below.

The LTIP shares vested automatically and at zero cost and any subsequent disposal ("sale"), where
applicable, occurred in terms of the LTIP. All vesting and delivery of awards occurred off-market and all
disposal transactions occurred on-market following vesting.

Collectively, the LTIP participants below increased their beneficial holding from 2.86% to 2.96%.

Dealing in Securities by Directors of Aveng Limited:

Name of director                                   :       Scott Cummins
Company                                            :       Aveng Limited
Position                                           :       Group Chief Executive Officer
Date LTIP granted                                  :       29 June 2023
Number of ordinary shares vested                   :       115 335 shares
Value per ordinary share vested (rounded)          :       R5.24
Total value of ordinary shares vested              :       R604 338
Nature of transaction                              :       Automatic vesting of shares in the Aveng LTIP
Date of vesting                                    :       17 December 2025
Nature of interest                                 :       Direct beneficial
Following the vesting, Mr Cummins' beneficial holding in Aveng Limited increased from 1.34% to 1.44%.

Name of director                                   :       Adrian Macartney
Company                                            :       Aveng Limited
Position                                           :       Group Finance Director and Chief Financial Officer
Date LTIP granted                                  :       29 June 2023
Number of ordinary shares vested                   :       56 754 shares
Value per ordinary share vested (rounded)          :       R5.24
Total value of ordinary shares vested              :       R297 382
Nature of transaction                              :       Automatic vesting and on-market sale of shares
Date of vesting                                    :       17 December 2025
Number of shares sold                              :       56,754 shares
Date of transaction                                :       17 - 19 December 2025
Weighted average selling price of sale (rounded)   :       R5.24
Value of sale transaction                          :       R297 382
Lowest price per security                          :       R5.21
Highest price per security                         :       R5.25
Nature of interest                                 :       Direct beneficial
Following the vesting and sale of shares, Mr Macartney's beneficial holding in Aveng Limited remains at
1.38%.

Dealing in securities by Directors of major subsidiaries of Aveng Limited:

Name of director of major subsidiary              :        Reginald Engelbrecht
Company                                           :        Moolmans South Africa (Pty) Ltd
Position                                          :        Finance Director: Moolmans
Number of ordinary shares vested                  :        21 789 shares
Value per ordinary share vested (rounded)         :        R5.24
Total value of ordinary shares vested             :        R114 171
Nature of transaction                             :        Automatic vesting and on-market sale of shares
Date of vesting                                   :        17 December 2025
Number of shares sold                             :        21,789 shares
Date of transaction                               :        17 - 19 December 2025
Weighted average selling price of sale (rounded)  :        R5.24
Value of sale transaction                         :        R114 171
Lowest price per security                         :        R5.21
Highest price per security                        :        R5.25
Nature of interest                                :        Direct beneficial
Following the vesting and sale of shares, Mr. Engelbrecht beneficial holding in Aveng Limited remains at
0.14%.

The necessary clearance in terms of paragraph 3.66 of the Listings Requirements has been obtained.

23 December 2025
Boksburg

JSE Sponsor
Valeo Capital (Pty) Ltd


Edinah Mandizha
Group Company Secretary
Tel: 011 779 2800
Email: info@avenggroup.com

Date: 23-12-2025 04:20:00
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