Pro forma financial effects and cautionary
(Incorporated in the Republic of South Africa)
(Registration number: 1944/018119/06)
SHARE CODE: AEG
("Aveng", "the Company" or “the Group”)
PROFORMA FINANCIAL EFFECTS AND CAUTIONARY
Further to the Group’s announcement on SENS on 10 August 2016 where shareholders were advised that Aveng had
reached an agreement with Kutana Steel (Pty) Ltd (Kutana) whereby Kutana would acquire a 70% interest in the
Steeledale business (the “Interest”).
The net asset value of the Interest as at 30 June 2016 was R167 million. The after taxation loss attributable to the
interest for the year ended 30 June 2016 was R2 million.
Further to the Group’s announcement on SENS on 10 August 2016 where shareholders were advised that the
monetisation of the four major infrastructure investments (“ACP Assets”) had been concluded through a binding
agreement with Royal Bafokeng Holdings (Pty) Ltd, for the sale of its entire interest in the investments.
The net asset value of the ACP Assets as at 30 June 2016 was R860 million. The after taxation profits attributable to
the ACP assets for the year ended 30 June 2016 was R132 million.
Aveng is still in discussions in relation to (i) the sale of its Aveng Trident Steel and Aveng Steel Fabrication business
units, and (ii) the transformation of Aveng Grinaker-LTA, accordingly shareholders are advised to continue to exercise
caution when dealing in Aveng Limited securities until a further announcement is published.
Independent JSE Sponsor
J.P. Morgan Equities South Africa (Pty) Ltd
By Order of the Board
30 August 2016
Group Executive: Investor relations
Tel: 011 779 2979
Date: 30/08/2016 04:58:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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