Delay in rights offer timetable

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


DELAY IN RIGHTS OFFER TIMETABLE


 Shareholders are referred to the circular to Aveng shareholders ("Shareholders") as published by
 the Company on 18 December 2020 ("December 2020 Circular") and to the declaration
 announcement relating to a rights offer to raise R300 000 000 by Aveng ("Rights Offer") released
 on SENS on Tuesday, 26 January 2021. Contrary to Aveng's expectation, the related transaction
 documents in relation to the debt restructuring have not gone fully unconditional. Consequently, the
 Rights Offer is not unconditional at this time. This has resulted in the Rights Offer timetable being
 extended which delay is expected to be less than a month.

 A further announcement setting out the revised timetable will be made in due course.

 Johannesburg
 28 January 2021


 Edinah Mandizha
 Company Secretary
 Tel: 011 779 2800
 Email: info@avenggroup.com




                                                                                                         

Date: 28-01-2021 04:04:00
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