Trading statement

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

TRADING STATEMENT
The Group is expected to report an overall operating and net profit after tax for the six months ended
31 December 2020. The operating performance of both core and non-core businesses has
contributed to the overall improvement of the business and a return to profitability.
In accordance with paragraph 3.4 (b) of the JSE Listings Requirements, issuers are required to
publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists
that the financial results for the period to be reported on will differ by at least 20% from those of the
prior comparative period.
The basic profit for the six months ended 31 December 2020 is expected to be between R416 million
and R460 million, representing an improvement greater than 100% from the R170 million loss
reported in the comparative period.
The headline earnings for the period is expected to be between R104 million and R114 million,
representing an improvement greater than 100% from the headline loss of R205 million in the
comparative period.
The HEPS is expected to be between 0.4cps and 0.8cps, representing an improvement greater than
100% compared to a HEPS loss of 1.1cps at 31 December 2019. The EPS is expected to be between
2.1cps and 2.5cps, representing an improvement greater than 100% against a reported loss of 0.9cps
in the comparative period.
The Group will release its results for the six months ended 31 December 2020 on or about
23 February 2021.
The financial information contained in this trading statement has not been reviewed nor reported on
by Aveng's external auditors.


18 February 2021
Melrose Arch

JSE Sponsor
UBS South Africa Proprietary Limited


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

Date: 18-02-2021 02:33:00
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