Aveng - renewal of cautionary

Date

Shareholders are referred to the cautionary announcement released on the Stock Exchange News Service of the JSE Ltd. on 23 February 2016, where Aveng shareholders were advised of various non-binding offers received from numerous parties to acquire from, or partner with Aveng, either the entire Steel operating group or certain of its individual business units.

Confidential discussions are ongoing and shareholders are to continue to exercise caution when dealing in their Aveng securities.