Bondholders of the Aveng Senior Unsecured Convertible Registered Bonds (?Convertible Bond?) are hereby advised that, in accordance with the terms and conditions of the Convertible Bond, interest is payable semi-annually in arrears on 24 January and 24 July of each year (each such day an interest payment date), at a rate per annum equal to 7.25%.
Accordingly, the interest payable on the Convertible Bond is due for payment on 24 July 2015. The Convertible Bond will commence trading ex-interest, with respect to the interest coupon period starting 24 January 2015 (inclusive) and ending on 24 July 2015 (exclusive) (?Coupon Period?), from the close of trade on Friday, 10 July 2015. The interest amount to be paid on Friday, 24 July 2015 will be R362.50 for each ZAR10 000.00 of the principal amount for the Coupon Period.
The salient dates relating to this interest payment are as follows:
* Last date to trade in order to be eligible for the interest payment : Friday, 10 July 2015
* Ex date : Monday, 13 July 2015
* Record date : Friday, 17 July 2015
* Payment date : Friday, 24 July 2015
The next interest coupon period will commence on 24 July 2015 (inclusive) and will end on 24 January 2016 (exclusive).