AVENG LIMITED - Dealings in securities by a director

Dealings in securities by a director

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


DEALINGS IN SECURITIES BY A DIRECTOR


Shareholders are referred to the SENS announcement dated 3 July 2023 in which executive directors of Aveng
Limited were granted and accepted Long-Term Incentive Plan Performance shares ("LTIP") in an off-market
transaction on 29 June 2023, which included 936,900 shares granted to and accepted by Sean Flanagan
("Sean").

On 1 March 2024, 650,255 shares of the 936,900 shares vested for Sean following his early retirement at zero
cost. The remaining 286,645 shares have been forfeited. Sean has elected to dispose of the 650,255 shares
("Sale") but continues as a significant shareholder, holding 1 610 655 shares, representing 1.27% of the issued
share capital of the Company. The vesting and delivery of awards occurred off-market and the Sale occurred on-
market following vesting.

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements ("JSE Listings
Requirements"), shareholders are advised of the following information relating to the Sale:

Name of director                               :       Sean Flanagan
Company                                        :       Aveng Limited
Position                                       :       Non-Executive Director
Date of transaction                            :       1 March 2024
Nature of transaction                          :       On-market sale of shares
Number of shares sold                          :       650,255 shares
Price per share                                :       R6.75
Value of sale transaction                      :       R4 389 091.20
Nature of interest                             :       Direct beneficial

The necessary clearance in terms of paragraph 3.66 of the JSE Listings Requirements has been obtained.

5 March 2024
Melrose Arch

JSE Sponsor
Valeo Capital (Pty) Ltd


Edinah Mandizha
Group Company Secretary
Tel: 011 779 2800
Email: info@avenggroup.com

Date: 05-03-2024 02:10:00
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