RESULTS OF ANNUAL GENERAL MEETING

Date

AVENG LIMITED

(Incorporated in the Republic of South Africa)

(Registration number: 1944/018119/06)

ISIN: ZAE000111829

SHARE CODE: AEG

("Aveng" or "the Group")

RESULTS OF ANNUAL GENERAL MEETING

Shareholders are advised that at the annual general meeting held today, the requisite majority of shareholders approved all the ordinary and special resolutions, as set out in the notice of the annual general meeting. There were 19,394,498,220 ordinary shares in issue as at the date of the annual general meeting. The total number of shares present/represented, including proxies, at the meeting was 14 842 314 828 or 77%

The voting results of the resolutions were as follows:

                           

 

       1

 

Ordinary resolution 1.1: Re-election of director - Ms May Hermanus

 

 

For

 

Against

 

Abstain

 

Shares voted

 

  

   

       14,701,196,965

 

            140,776,203

 

                  341,660

 

       14,841,973,168

 

 

 

 

99.05%

 

0.95%

 

0.00%

 

76.53%

 

 

 

                       

 

       2

 

Ordinary resolution 1.2: Re-election of director - Mr Mike Kilbride

 

 

For

 

Against

 

Abstain

 

Shares voted

 

     

       14,841,759,949

 

                  213,219

 

                  341,660

 

       14,841,973,168

 

     

100.00%

 

0.00%

 

0.00%

 

76.53%

 

      

 

3

 

 

Ordinary resolution 1.3: Re-election of director - Mr Philip Hourquebie

   

For

 

Against

 

Abstain

 

Shares voted

 

     

       14,693,117,301

 

            148,855,867

 

                  341,660

 

       14,841,973,168

 

     

99.00%

 

1.00%

 

0.00%

 

76.53%

 

      

 

4

 

 

Ordinary Resolution 2.1: Election of audit and risk committee member - Mr Philip Hourquebie

   

For

 

Against

 

Abstain

 

Shares voted

 

  

   

       14,692,727,910

 

            149,245,258

 

                  341,660

 

       14,841,973,168

 

     

98.99%

 

1.01%

 

0.00%

 

76.53%

 

 

       5

 

 

Ordinary Resolution 2.2: Election of audit and risk committee member - Ms Kholeka Mzondeki

   

For

 

Against

 

Abstain

 

Shares voted

 

     

       14,841,496,996

 

                  476,172

 

                  341,660

 

       14,841,973,168

 

     

100.00%

 

0.00%

 

0.00%

 

76.53%

 

                           

 

       6

 

Ordinary Resolution 2.3: Election of audit and risk committee member - Mr Sean Flanagan

   

For

 

Against

 

Abstain

 

Shares voted

 

     

       14,331,520,252

 

            510,452,916

 

                  341,660

 

       14,841,973,168

 

     

96.56%

 

3.44%

 

0.00%

 

76.53%

 

  

                         

 

       7

 

Ordinary Resolution 2.4: Election of audit and risk committee member - Mr Mike Kilbride

   

For

 

Against

 

Abstain

 

Shares voted

 

     

       14,841,433,777

 

                  539,391

 

                  341,660

 

       14,841,973,168

 

     

100.00%

 

0.00%

 

0.00%

 

76.53%

 

                           

 

       8

 

Ordinary Resolution 3 - Reappointment of external auditors

   

For

 

Against

 

Abstain

 

Shares voted

 

     

       13,495,326,401

 

         1,346,646,767

 

                  341,660

 

       14,841,973,168

 

     

90.93%

 

9.07%

 

0.00%

 

76.53%

 

                           

 

       9

 

Ordinary Resolution 4: Approval of remuneration policy

   

For

 

Against

 

Abstain

 

Shares voted

 

     

       11,239,468,608

 

         1,349,906,096

 

         2,252,940,124

 

       12,589,374,704

 

     

89.28%

 

10.72%

 

11.62%

 

64.91%

 

                           

 

     10

 

Ordinary Resolution 5: Approval of remuneration report

   

For

 

Against

 

Abstain

 

Shares voted

 

     

       11,242,540,956

 

         1,346,833,748

 

         2,252,940,124

 

       12,589,374,704

 

     

89.30%

 

10.70%

 

11.62%

 

64.91%

 

                           

 

     11

 

Special resolution 1: General authority to repurchase shares

   

For

 

Against

 

Abstain

 

Shares voted

 

     

       13,482,175,346

 

         1,359,797,822

 

                  341,660

 

       14,841,973,168

 

     

90.84%

 

9.16%

 

0.00%

 

76.53%

 

                           

 

     12

 

Special resolution 2: Non-executive directors' remuneration

   

For

 

Against

 

Abstain

 

Shares voted

 

     

       14,331,509,975

 

            510,453,443

 

                  351,410

 

       14,841,963,418

 

     

96.56%

 

3.44%

 

0.00%

 

76.53%

 

                           

 

     13

 

Special resolution 3: Financial assistance to related and inter-related companies

   

For

 

Against

 

Abstain

 

Shares voted

 

     

       14,841,496,497

 

                  476,671

 

                  341,660

 

       14,841,973,168

 

     

100.00%

 

0.00%

 

0.00%

 

76.53%

 

                           

 

     14

 

Ordinary resolution 6: Signing authority

   

For

 

Against

 

Abstain

 

Shares voted

 

     

       14,841,823,168

 

                  150,000

 

                  341,660

 

       14,841,973,168

 

     

100.00%

 

0.00%

 

0.00%

 

76.53%

 

                           

 

 

 

 

Jet Park, Boksburg
04 December 2018

 

JSE Sponsor

UBS South Africa Proprietary Limited