AEG 201306240025A
Aveng Reaches Settlement with the Competition Commission

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


Aveng Reaches Settlement with the Competition Commission


Earlier today the Competition Commission (the “Commission”) announced the various Settlement
Agreements in terms of its “Fast Track Settlement Process”. Shareholders are advised that Aveng
(Africa) Limited has entered into a R306 576 143.00 Settlement Agreement with the Commission
with respect to its Fast Track Settlement investigations into historical anti-competitive practices
in the construction industry. This amount is to be settled in three annual payments of equal
amount (R102 192 047.00), commencing on 1 July 2013, or within 30 days from the date of
confirmation of the Settlement Agreement as an order of the Competition Tribunal (the
“Tribunal”), whichever is the later. If confirmed by the Tribunal, this represents a full and final
settlement of all alleged collusive conduct as defined in the Settlement Agreement. As announced
previously, the group has already made adequate provision for this amount. The Aveng Board
welcomes the resolution of this matter. The Board reiterates it has zero tolerance for anti-
competitive behaviour and that management continues to implement a culture of good
corporate governance throughout the Group.

Roger Jardine, Chief Executive Officer of The Aveng Group, invites shareholders to participate in a
conference call regarding the Competition Commission’s announcement at 4pm today, 24 June
2013.

Please dial in on the following numbers to participate in the live call:

South Africa:           Toll free:        0800 200 648
                        Johannesburg:     011 535 3600
                        Alternate:        010 201 6800
UK:                     Toll free:        0808 162 4061
Australia               Toll free:        1 800 350 100
Other Countries                           +27 11 535 3600
                        Alternate:        +27 10 201 6616


Morningside, Sandton
24 June 2013


Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited

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