AVENG LIMITED - Disclosure of Beneficial Interest in Securities

Disclosure of Beneficial Interest in Securities

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


Disclosure of Beneficial Interest in Securities

In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008 and
section 3.83(b) of the JSE Limited Listings Requirements, shareholders are hereby
advised that Aveng received formal notification that as a result of the Specific Issue
of the shares to the Bondholders ("Specific Issue") as detailed in the announcement
dated Tuesday 11 September 2018, the total interest in the ordinary shares of Aveng
held by:

       1. Allan Gray's clients amounted to 16.24 % of the total issued ordinary
          shares of Aveng. Subsequent to this Specific Issue, Allan Gray has
          disposed an interest in the ordinary shares of the Company, such that the
          total interest in the ordinary shares of the Company held by Allan Gray's
          clients now amounts to 14.44% of the total issued ordinary shares of the
          Company.

       2. JPMorgan Chase & Co amounts to 14.29% of the total issued ordinary
           shares of Aveng. This includes the 10.07% and 4.22% holdings by
           Highbridge Capital Management, LLC and J.P. Morgan Securities plc,
           respectively, being subsidiaries of JPMorgan Chase & Co.


       3. Old Mutual amounted to 5.54% of the total issued ordinary shares of
          Aveng. Subsequent to this Specific Issue, Old Mutual has disposed of an
          interest in the Ordinary shares of the Company, such that the total interest
          in the ordinary shares of Aveng held by Old Mutual now amounts to
          1.16% of the total issued ordinary shares of Aveng.




Jet Park



1 October 2018


JSE Sponsor
UBS South Africa Proprietary Limited



By Order of the Board

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