AVENG LIMITED - Trading statement13 Aug 2021
Trading statement

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

Aveng expects to report an improved operating and net profit after tax for the year ended 30 June 2021.
Performance has been bolstered by operational performance in both core and non-core businesses.
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 Group advises that it expects the results for the year ended 30 June 2021 to fall within the following
                                                             Expected                    Reported
                                                             Earnings                     (Loss)
                                                  Year ended 30 June 2021             Year ended '30
                                                                                        June 2020

                                               ZAR'm                       %               ZAR'm
  Basic earnings/(loss)                       860 – 998                 177 – 189          (1 116)
  Headline earnings/(loss)                    652 – 786                 169 – 183           (950)
                                                  Cents                    %          Cents (restated)
  Basic earnings/(loss) per share                2,3 - 2,8              151 – 161           (4,6)
  Headline earnings/(loss) per share             1,8 – 2,1              144 – 153           (4,0)

The total number of shares in issue increased from 19 395 million to 64 742 million as a result of two
corporate events, namely a renounceable rights offer concluded on 15 March 2021 and a follow-up
rights offer concluded on 7 June 2021. As a result, the prior year headline loss per share and loss per
share have been impacted by an increase in the weighted average number of shares and have
consequently been restated. The weighted average number of shares in issue on 30 June 2020 have
been restated from 19 370 million to 24 097 million which has resulted in the loss per share and the
headline loss per share loss being restated from 5,8cps to 4,6cps and 4,9cps to 4,0cps respectively.
The Group’s auditors have experienced a negative impact on their available resources following several
COVID-19 related infections. This has impacted their ability to meet the reporting timetable. As a result,
the Group will delay the announcement of its results to Tuesday, 31 August 2021, to allow sufficient
time for our auditors to complete the required audit procedures.
The financial information contained in this trading statement has not been reviewed nor reported on
by Aveng's external auditors.

13 August 2021
Melrose Arch
JSE Sponsor
UBS South Africa Proprietary Limited

Itumeleng Lepere
Stakeholder Engagement Lead
Tel: 011 779 2800
Email: investor.relations@avenggroup.com

Date: 13-08-2021 02:10:00
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