AVENG LIMITED - Appointment of Chief Executive Off11 Feb 2014
AEG 201402110028A
Appointment of Chief Executive Officer

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



Appointment of Chief Executive Officer (“CEO”)

The Aveng Group is pleased to announce that Kobus Verster, currently the acting CEO and
Financial Director, has been appointed Chief Executive Officer with immediate effect.

Mr Verster (47) joined the Aveng Group on the 27 September 2010 when he was appointed
Financial Director and he was subsequently appointed as Acting CEO on 21 August 2013.

Mr Verster holds a BCom degree from the University of Potchefstroom and a BCom Honours
(Economics) degree from the University of Pretoria. He also holds an MBL from the University
of South Africa (Unisa) and attended the Executive Management Programme at the University
of Virginia in the USA. Prior to joining the Aveng Group Kobus was CFO at ArcelorMittal
(South Africa) where he had previously held various senior management positions.

Kobus has extensive experience in the steel and mining sectors and since joining Aveng has
developed detailed insight into the Group’s operations and their opportunities and constraints.

Mr Verster has not relinquished his statutory duties in terms of Section 3.84(g) and will
continue in his capacity as Acting Financial Director until a new Financial Director is
employed. The process to appoint a new Financial Director is underway.

Mr Angus Band, Chairman of the Board of Aveng Limited, said: “The Board considered a
number of candidates, both locally and internationally but believes that this is the right
appointment to take Aveng forward on a path to growth and improved performance. I would
like to congratulate Kobus on his appointment and look forward to working with him."



Morningside, Sandton
11 February 2014



Sponsor:
JP Morgan Equities South Africa (Pty) Ltd

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