Aveng listing of convertible bonds

Friday 29th August, 2014
Aveng shareholders are referred to the announcement on SENS, dated 16 July 2014, in which Aveng announced the successful placement of ZAR 2 billion senior unsecured convertible bonds with a coupon of 7.25% (the \"Convertible Bonds\").

An application for admission to trading of the Convertible Bonds on the Main Board was made to the JSE. This application was formally approved by the JSE on Thursday, 28 August 2014. The document setting out the full details of the Convertible Bonds (\"Listing Document\") is available for inspection on the JSE website (www.jse.co.za) and on the Aveng website (www.aveng.co.za) from Friday, 29 August 2014. The Listing Document is also available for inspection at the registered office of Aveng, being 204 Rivonia Road Morningside, Sandton, 2057.

The last day to trade the Convertible Bonds in their unlisted form (under Bond Code: UAEG, ISIN: ZAU000013807) will be Wednesday, 3 September 2014. The Convertible Bonds may be traded by or through members of the JSE in accordance with the rules and operating procedures for the time being of the JSE (under Stock Code: AEGCB, Short Name: AEG Conv and ISIN Code: ZAE000194940) from Thursday, 4 September 2014 (\"Listed Convertible Bonds\"). The clearing and settlement of trades on the JSE shall take place in accordance with the electronic clearing and settlement procedures of the JSE and Strate Ltd. The Bonds will not be rated.

Final positions for transfer will be determined on the record date, being Wednesday, 10 September 2014 and the Listed Convertible Bonds will be credited to the bondholders\" accounts with the CSDPs on Thursday, 11 September 2014. The Listed Convertible Bonds will be traded in nominals of ZAR10 000 on the JSE\"s equity trading platform. Consequently, each bondholder will be allocated by their respective CSDPs 200 Listed Convertible Bonds of a ZAR10 000 denomination each, for every unlisted Convertible Bond with a denomination of ZAR2 million. Investors should be aware that the Listed Convertible Bonds will trade on a units basis.