Monday 14th November, 2016

Shareholders are advised that at the two general meetings held today, the requisite majority of shareholders approved all the ordinary resolutions, as set out in the notices of the general meetings. There were 416,670,931 ordinary shares in issue at the date of the general meetings.

1. DISPOSAL OF THE STEELEDALE BUSINESS

The voting results of the resolutions were as follows:

Ordinary resolution 1: Sale of the Business to Kutana Steel

For Against Abstain Total Shares voted
Shares voted 267,952,283 18,079 151,098 267,970,362
% 99.99% 0.01% 0.04% 100.00%

Ordinary resolution 2: Signing Authority

For Against Abstain Total Shares voted
Shares voted 267,957,438 12,079 151,943 267,969,517
% 100.00% 0.00% 0.04% 100.00%

2. DISPOSAL OF THE AVENG CAPITAL PARTNERS' ASSETS, BEING THE EQUITY INTERESTS AND AVENG AFRICA LOANS IN THE PROJECT COMPANIES

The voting results of the resolutions were as follows:

Ordinary resolution 1: Approval of the Equity Interests and Aveng Africa Loans Disposals

For Against Abstain

Total Shares voted

Shares voted 289,195,795 13,125 153,002 289,208,920
% 100.00% 0.00% 0.04% 100.00%

Ordinary resolution 2: Signing Authority

For Against Abstain Total Shares voted
Shares voted 289,201,245 7,125 153,552 289,208,370
% 100% 0.00% 0.04% 100.00%

Aveng Ltd. published this content on 14 November 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 14 November 2016 15:13:03 UTC.

Original documenthttp://www.aveng.co.za/news-room/sens/results-general-meetings

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