External debt reduction and South African balance sheet de-risking

AVENG LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1944/018119/06)
ISIN: ZAE000302618
SHARE CODE: AEG
("Aveng" or "the Company")



External debt reduction and South African balance sheet de-risking

Aveng is pleased to announce that in line with its communication to shareholders on 23 August 2022, the
Company continued its debt reduction and balance sheet de-risking strategy. External debt in South Africa was
reduced by R75 million on 30 September 2022 to R406 million (June 2022: R481 million). Performance
guarantees in South Africa were reduced in Q1 2023 by 45% to R191 million (June 2022: R350 million).

The Group will continue to de-risk its balance sheet and reduce legacy debt throughout the financial year with a
view to enhancing liquidity and improving balance sheet strength.

3 October 2022
Melrose Arch


JSE Sponsor
Investec Bank Limited

Itumeleng Lepere
Stakeholder Engagement Lead
Tel: 011 779 2800
Email: investor.relations@avenggroup.com

Date: 03-10-2022 04:10:00
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.