AVENG LIMITED - Short-form announcement summarised29 Aug 2019
AEG 201908290002A
Short-form announcement summarised audited consolidated annual financial statements for the year ended 30 June 2019

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

Short-form SENS Announcement

Summarised audited consolidated annual financial statements for the year ended 30 June 2019

McConnell Dowell delivers consistent profit
Group-led intervention addresses Moolmans underperformance
36% growth in core order book to R17,7 billion
68% international, 32% South Africa
R1 billion non-core asset sales announced
R300 million debt repaid


Extract from the audited consolidated annual financial statements

Revenue decreased by 16% to R25,7 million
Net operating loss increased by more than 100% to R1,1 billion
Headline loss remained in line with prior year at R1,55 billion
Loss per share improved to 10,5 cents
Headline loss per share improved to 9,7 cents
Net asset value per share decreased to 13 cents

About Aveng Limited

Aveng's primary geographic markets are South Africa and sub-Saharan Africa, Australasia and Southeast Asia. As
the Group transitions to an international infrastructure, resources and mining business, its main market sectors will
be contract mining in sub-Saharan Africa and West Africa, and construction in Australia, New Zealand and
Southeast Asia.

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:

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

By Order of the Board

Sean Flanagan
Group Chief Executive Officer
29 August 2019

UBS South Africa Proprietary Limited

Executive Directors
EK Diack (Executive Chairman) | SJ Flanagan (Group Chief Executive Officer) | AH Macartney (Group Financial

Non-Executive Directors
MA Hermanus (Lead Independent Non-executive) | PA Hourquebie (Independent Non-executive) | MJ Kilbride
(Independent Non-executive)

Registered office
Aveng Park, 1 Jurgens Street, Jet Park, Boksburg, 1459

Date: 29/08/2019 07:05:00
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