AEG 201402180018A
Trading statement

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


Trading statement


Aveng shareholders are advised that in respect of the unaudited financial results for the
six months ended 31 December 2013, the Group anticipates earnings per share (“EPS”)
and headline earnings per share (“HEPS”) to decline by between 20% and 25% in relation
to the comparative period. This translates to EPS of between 78.8 and 84.0 cents per
share and HEPS of between 78.4 and 83.6 cents per share.


Net operating earnings were 8% below the comparative period with Aveng Grinaker-LTA
generating a materially higher loss and the Mining operating segment’s contribution being
lower primarily as a result of the reduced order book which was reported on at 30 June
2013.


Net financing expenses incurred in the current period were materially higher than the
comparative period mainly due to the higher borrowings for the period due to the funding
of working capital primarily on the large Queensland Curtis Liquefied Natural Gas project
in Australia.


Further information will be made available in the interim results announcement.


The above information has not been reviewed or reported on by the Aveng Group’s
auditors. The Group’s interim results for the six months ended 31 December 2013 will be
released on SENS on 25th February 2014 when the Group will be updating the market on
its business in a presentation in Johannesburg on the same day, and in Cape Town on
26th February 2014. The presentation will be available for all stakeholders on the Group’s
website, www.aveng.co.za.


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Sandton
18 February 2014
Sponsor: J.P. Morgan Equities South Africa (Proprietary) Limited




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