AVENG LIMITED - Disclosure of Beneficial Interest in Securities

Date

AVENG LIMITED                                                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1944/018119/06)                                           
ISIN: ZAE000111829                                                              
SHARE CODE: AEG                                                                 
("Aveng" or "the Group") 

Disclosure of Beneficial Interest in Securities

In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008 and section 3.83(b) of the JSE Limited Listings Requirements, shareholders are hereby advised that Aveng received formal notification that as a result of the Specific Issue of the shares to the Bondholders ("Specific Issue") as detailed in the announcement dated Tuesday 11 September 2018, the total interest in the ordinary shares of Aveng held by:

  1. Allan Gray's clients amounted to 16.24% of the total issued ordinary shares of Aveng. Subsequent to this Specific Issue, Allan Gray has disposed an interest in the ordinary shares of the Company, such that the total interest in the ordinary shares of the Company held by Allan Gray's clients now amounts to 14.44% of the total issued ordinary shares of the Company.
  2. JPMorgan Chase & Co amounts to 14.29% of the total issued ordinary shares of Aveng. This includes the 10.07% and 4.22% holdings by Highbridge Capital Management, LLC and J.P. Morgan Securities plc, respectively, being subsidiaries of JPMorgan Chase & Co.
  3. Old Mutual amounted to 5.54% of the total issued ordinary shares of Aveng. Subsequent to this Specific Issue, Old Mutual has disposed of an interest in the Ordinary shares of the Company, such that the total interest in the ordinary shares of Aveng held by Old Mutual now amounts to 1.16% of the total issued ordinary shares of Aveng.

Jet Park

1 October 2018

JSE Sponsor
UBS South Africa Proprietary Limited

By Order of the Board