Share consolidation finalisation announcement AVENG LIMITED Incorporated in the Republic of South Africa (Registration number: 1944/018119/06) ISIN: ZAE000111829 SHARE CODE: AEG ("Aveng" or "the Company") SHARE CONSOLIDATION FINALISATION ANNOUNCEMENT Shareholders are referred to the circular (“Circular”) issued by the Company on Tuesday, 12 October 2021 relating to the share consolidation (“the Consolidation”) of the Company’s share capital on a 500 to 1 basis and to the subsequent announcement released by the Company on SENS on Wednesday, 10 November 2021 advising shareholders that the special resolutions relating to the Consolidation were passed by the requisite majority of Aveng shareholders at the general meeting of the Company on the same date. Shareholders are advised that the Special Resolutions were registered with the Companies and Intellectual Property Commission on 24 November 2021. The salient dates and times of the Consolidation remain as previously published in the Circular: Last day to trade under the present share capital prior to the Consolidation Tuesday, 7 December Trading in consolidated shares on the new ISIN ZAE000302618 and Wednesday, 8 December suspension of trading in shares on the old ISIN ZAE000111829 Announcement released on SENS in respect of the cash payment applicable Thursday, 9 December to fractional entitlements, based on the volume weighted average price of consolidated shares traded on Wednesday, 8 December 2021, less 10%, by 11:00 am on Forms of surrender for new certificates to be received by the transfer Friday, 10 December secretaries in order for previously certificated shareholders to have their entitlements credited to their account with Computershare Nominees on Monday, 13 December 2021, by 12:00 on Expected record date Friday, 10 December Dematerialised shareholders will have their accounts at their CSDP or broker Monday, 13 December updated and will receive fractional allocation payments on Date that previously certificated shareholders will have their entitlements Monday, 13 December credited to their accounts within Computershare Nominees Notes: 1. The specified dates and times are South African and are subject to amendment. 2. Shares in the consolidated form may not be dematerialised after the last day to trade prior to the Consolidation, expected to be Tuesday, 7 December 2021. 25 November 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: 25-11-2021 02:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.