AEG 201608300050A
Pro forma financial effects and cautionary

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


PROFORMA FINANCIAL EFFECTS AND CAUTIONARY


Steeledale Transaction


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.


ACP Transaction


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.


Cautionary

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
Jet Park


Michael Canterbury
Group Executive: Investor relations
Tel: 011 779 2979
Email: michael.canterbury@avenggroup.com

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