AVENG LIMITED - Results of general meetings14 Nov 2016
AEG 201611140049A
Results of general meetings

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

 RESULTS OF GENERAL MEETINGS

 Shareholders are advised that at the two general meetings held today, the requisite majority of
 shareholders approved all the ordinary resolutions, as set out in the notices of the general
 meetings. There were 416,670,931 ordinary shares in issue at the date of the general meetings.

 1. DISPOSAL OF THE STEELEDALE BUSINESS

 The voting results of the resolutions were as follows:

 Ordinary resolution 1:     Sale of the Business to Kutana Steel

                            For                 Against            Abstain       Total Shares voted
 Shares voted                     267,952,283          18,079          151,098           267,970,362
 %                                    99.99%            0.01%            0.04%               100.00%

 Ordinary resolution 2:     Signing Authority

                            For                 Against            Abstain       Total Shares voted
 Shares voted                     267,957,438          12,079          151,943           267,969,517
 %                                   100.00%            0.00%            0.04%               100.00%




 2.   DISPOSAL OF THE AVENG CAPITAL PARTNERSí ASSETS, BEING THE EQUITY
      INTERESTS AND AVENG AFRICA LOANS IN THE PROJECT COMPANIES

 The voting results of the resolutions were as follows:

 Ordinary resolution 1:     Approval of the Equity Interests and Aveng Africa Loans Disposals

                            For                 Against            Abstain       Total Shares voted
 Shares voted                     289,195,795      13,125              153,002           289,208,920
 %                                   100.00%            0.00%            0.04%               100.00%

 Ordinary resolution 2:     Signing Authority

                            For                 Against            Abstain       Total Shares voted
 Shares voted                     289,201,245              7,125       153,552           289,208,370
 %                                      100%              0.00%          0.04%               100.00%




Jet Park, Boksburg
14 November 2016

Sponsor:
JP Morgan Equities South Africa Proprietary Limited

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