AEG : Update on the status of previously reported disposal of Grinaker-LTA Mechanical and Electrical Business: 
AVENG LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1944/018119/06)
Share code: AEG
Share ISIN: ZAE000194940
("Aveng", "the Company")

Update on the status of previously reported disposal of Grinaker-LTA Mechanical and Electrical Business
On 4 October 2019, Aveng announced that it had entered into a binding term sheet, with Laula Consortium
Proprietary Limited (the "Purchaser" or "Laula"), for the sale of the Grinaker-LTA Mechanical and Electrical Business
("M&E Business"), subject to certain consents and conditions precedent ("Proposed Transaction").

The Company wishes to inform shareholders that all consents and conditions precedent have been fulfilled or
waived and that the transaction has become effective. The purchase price of R72 million has been received by Aveng
in full.



Melrose Arch
20 December 2019


JSE Sponsor
UBS South Africa Proprietary Limited


Legal advisors
Baker & McKenzie


Advisors to Laula Consortium Proprietary Limited
Fevertree Consulting Proprietary Limited, and
Cornerstone Capital Partners


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

Date: 20-12-2019 05:20:00
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