Short-form SENS Announcement

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

Short-form SENS Announcement

Audited consolidated annual financial statements for the year ended 30 June 2021

SALIENT FEATURES

-   Group revenue increased to R25,7 billion (June 2020: R20,9 billion)
-   Significant turnaround in operating earnings to R536 million (June 2020: R532 million loss)
-   Headline earnings substantially improved to R751 million (June 2020: R950 million headline loss)
-   Equity raised of R873 million
-   Generated operating free cash flow of R1,5 billion (June 2020: R5 million outflow)
-   Group debt reduced from R2,4 billion to R1,4 billion
-   Net cash position of R1,1 billion (June 2020: R1 billion net debt)
-   Work in hand of R25,3 billion (June 2020: R26,8 billion)
-   Earnings per share of 2,7 cents (June 2020: 4,6 cents loss per share, restated)
-   Headline earnings per share of 2,0 cents (June 2020: 4,0 cents loss per share, restated)


About Aveng Limited

Aveng is an international infrastructure, resources and contract mining group operating in selected
markets and capitalising on the expertise and experience within McConnell Dowell and Moolmans.
The short-form announcement is the responsibility of the directors and is only a summary of information
in the full announcement which is available on the company’s website (www.aveng.co.za).
This announcement does not contain full or complete details and any investment decisions by investors
and/or shareholders should be based on consideration of the published SENS available on:
https://senspdf.jse.co.za/documents/2021/JSE/ISSE/AEG/FY2021.pdf


Audit opinion

The annual financial statements were audited by Ernst & Young Inc., who expressed an unqualified audit
opinion thereon. The full audit opinion, including any key audit matters, is available on the Group’s
website together with the Aveng Limited annual financial statements.

The full announcement is available for inspection at the registered office and/or the sponsor’s office, at
no charge during office hours.

30 August 2021

Sponsors
UBS South Africa Proprietary Limited

Executive Directors
SJ Flanagan (Group Chief Executive Officer) | AH Macartney (Group Finance Director)

Non-Executive Directors
PA Hourquebie (Independent Non-executive Chair) | MA Hermanus (Lead Independent Non-executive) |
MJ Kilbride (Independent Non-executive) | B Modise (Independent Non-executive) | BC Meyer
(Independent Non-executive)

Registered office
3rd Floor, 10 The High Street, Melrose Arch, 2076

Date: 30-08-2021 05:50:00
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