Update of the proposed introduction of an economic empowerment partner in Grinaker-LTA and renewal of cautionary
(Incorporated in the Republic of South Africa)
(Registration number: 1944/018119/06)
SHARE CODE: AEG
("Aveng", "the Company" or “the Group”)
UPDATE ON THE PROPOSED INTRODUCTION OF AN ECONOMIC EMPOWERMENT PARTNER INTO THE
BUSINESS CONDUCTED BY AVENG GRINAKER-LTA AND RENEWAL OF CAUTIONARY
1. AVENG GRINAKER-LTA TRANSACTION – JSE DISPENSATION
Shareholders are referred to the detailed SENS announcement on 11 October 2016, and the pro forma financial
effects and cautionary announcement on SENS dated 22 November 2016 relating to the introduction of an economic
empowerment partner into the Grinaker-LTA business (“the Transaction”).
Shareholders are advised that due to continuing negotiations between Aveng (Africa) Proprietary Limited (“Aveng
Africa”) and Kutana Construction Proprietary Limited regarding the inclusion, or otherwise, of certain water business
related contracts within the Transaction, which in turn may lead to the inclusion of Aveng Africa’s interest in Aveng
Water Proprietary Limited within the originally announced Transaction, the Company applied to the JSE Limited for
dispensation from the requirement, set out in paragraph 10.9 of the JSE Listings Requirements, for the necessary
circular to be posted to shareholders within 60 days of the terms announcement being published on SENS. On 13
December 2016, the JSE granted such dispensation and the period for the posting of the circular was extended to 28
2. FURTHER CAUTIONARY
Aveng Africa is still in negotiations in relation to the sale of the Aveng Trident Steel business unit and shareholders will
receive a further update in this regard in due course. Shareholders are advised to continue exercising 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
9 January 2017
Group Executive: Investor relations
Tel: 011 779 2979
Date: 09/01/2017 12:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.