Voluntary Announcement: Disposal of Automation & Control Solutions (ACS)

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


Voluntary Announcement: Disposal of Automation & Control Solutions (ACS)

Aveng wishes to announce that it has completed the disposal of Automation & Control Solutions (“ACS”), a division
of Aveng Africa Proprietary Limited, as a going concern, to a consortium of private investors including management
for a purchase consideration of R70 million, subject to a working capital adjustment. All consents and conditions
precedent have been fulfilled or waived and the transaction has become effective.

Aveng received the initial payment of R56 million on 6 September 2021 and the balance of the purchase
consideration is due in 45 days.

6 September 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: 06-09-2021 05:25:00
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