Postponement of the publication of annual results, renewal of cautionary and further cautionary announcement
(Incorporated in the Republic of South Africa)
(Registration number: 1944/018119/06)
ISIN: ZAE000111829 -
SHARE CODE: AEG
("Aveng", "the Company" or ďthe GroupĒ)
POSTPONEMENT OF THE PUBLICATION OF ANNUAL RESULTS, RENEWAL OF CAUTIONARY
AND FURTHER CAUTIONARY ANNOUNCEMENT
The cautionary announcement dated 31 July 2017, relating to the review of long outstanding
uncertified revenue, is renewed and holders of Aveng securities are advised to exercise caution in
respect of this matter when dealing in Aveng securities until a further announcement is made.
The proceeds of AUD50m relating to the QCLNG award has now been received.
Following the recently announced QCLNG award at a lower than anticipated value, the Group is
considering the impact of the associated write down of AUD235m, together with the likely impact of
the review of the uncertified revenue, this may have on its financial statements.
Consequently, Aveng has engaged with its major funding banks in relation to the extension of its
existing facilities, and these discussions are continuing. The major funding banks have indicated they
remain supportive of the Group.
As a result, holders of Aveng securities are advised to exercise caution in respect of this matter when
dealing in Aveng securities until a further announcement is made.
The Board has therefore decided to postpone the publication date of its annual results from 22 August
2017 to 28 September 2017.
UBS South Africa Proprietary Limited
18 August 2017
Group Executive: Strategy & Investor Relations
Tel: 011 779 2979
This announcement includes forward-looking statements that reflect the current views and
expectations of the Board with respect to future events and financial and operational performance. All
statements, other than statements of historical fact are, or may be deemed to be, forward-looking
statements, including, without limitation, those concerning the Groupís strategy; the economic outlook
for the industry; and the Groupís liquidity and capital resources and expenditure.
These forward-looking statements speak only as of the date of this announcement and are not based
on historical facts, but rather reflect the Groupís current expectations concerning future results and
events. The Group undertakes no obligation to update publicly or release any revisions to these
forward-looking statements to reflect events or circumstances after the date of this announcement.
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