Short-form announcement summarised audited consolidated annual financial statements for the year ended 30 June 2019 AVENG LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1944/018119/06) ISIN: ZAE000111829 SHARE CODE: AEG ("Aveng" or "the Group") Short-form SENS Announcement Summarised audited consolidated annual financial statements for the year ended 30 June 2019 SALIENT FEATURES McConnell Dowell delivers consistent profit Group-led intervention addresses Moolmans underperformance 36% growth in core order book to R17,7 billion 68% international, 32% South Africa R1 billion non-core asset sales announced R300 million debt repaid INFORMATION REQUIRED TO BE DISCLOSED UNDER THE JSE LISTING RULES Extract from the audited consolidated annual financial statements Revenue decreased by 16% to R25,7 million Net operating loss increased by more than 100% to R1,1 billion Headline loss remained in line with prior year at R1,55 billion Loss per share improved to 10,5 cents Headline loss per share improved to 9,7 cents Net asset value per share decreased to 13 cents About Aveng Limited Aveng’s primary geographic markets are South Africa and sub-Saharan Africa, Australasia and Southeast Asia. As the Group transitions to an international infrastructure, resources and mining business, its main market sectors will be contract mining in sub-Saharan Africa and West Africa, and construction in Australia, New Zealand and Southeast Asia. The short-form announcement is the responsibility of the directors and is only a summary of information in the full announcement which is available on the company’s website (www.aveng.co.za). This announcement does not contain full or complete details and any investment decisions by investors and/or shareholders should be based on consideration of the published SENS available on: https://senspdf.jse.co.za/documents/2019/JSE/ISSE/AEG/2019Result.pdf The full announcement is available for inspection at the registered office and/or the sponsor’s office, at no charge during office hours. By Order of the Board Sean Flanagan Group Chief Executive Officer 29 August 2019 Sponsors UBS South Africa Proprietary Limited Executive Directors EK Diack (Executive Chairman) | SJ Flanagan (Group Chief Executive Officer) | AH Macartney (Group Financial Director) Non-Executive Directors MA Hermanus (Lead Independent Non-executive) | PA Hourquebie (Independent Non-executive) | MJ Kilbride (Independent Non-executive) Registered office Aveng Park, 1 Jurgens Street, Jet Park, Boksburg, 1459 Date: 29/08/2019 07:05:00 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.