AVENG LIMITED - Completion of Aveng Rail Sale28 May 2019
AEG 201905280021A
Completion of Aveng Rail Sale

(Incorporated in the Republic of South Africa)
(Registration number: 1944/018119/06)
Share code: AEG
Share ISIN: ZAE000194940
 ("Aveng", "the Company")

Completion Of Aveng Rail Sale

On 3 October 2018, Aveng announced the sale of Aveng Rail, as a going concern, to Mathupha Capital, a
100% black owned investment company.

The transaction has now become unconditional and the cash consideration of R133 million was received
on Friday 24 May 2019. The proceeds from the sale will be used to reduce overall debt.

The sale represents an important step in the delivery of Aveng's strategic action plan and in the
refocusing of Aveng to become an international infrastructure and resources group. Aveng remains
committed to completing the balance of the disposals, subject to acceptable value being realised.

Jet Park
28 May 2019

JSE Sponsor
UBS South Africa Proprietary Limited

Michael Canterbury
Group Executive: Strategy & Investor Relations
Tel: 011 779 2979
Email: michael.canterbury@avenggroup.com

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