Aveng : results of annual general meeting

Shareholders are advised that at the annual general meeting held today, 24 November 2017, the requisite majority of shareholders approved all the ordinary and special resolutions, as set out in the notice of annual general meeting. There were 416 670 931 ordinary shares in issue as at the date of the annual general meeting.

Shareholders are further advised that due to ordinary resolutions number 4 and 5 which relate to the non- binding advisory votes on the remuneration policy and the implementation of the remuneration policy being voted against by more than 25% of Aveng shareholders present in person or represented by proxy at the AGM, the Board has committed itself to continue to engage with the dissenting shareholders. The manner and timing of such engagement has not as yet been finalised, and, Aveng will issue a further announcement shortly including such details.

Additionally, the Remuneration Committee members recently met with some of our major shareholders to discuss the once-off Remuneration Policy and have committed to consult further in respect of the 2019 policy prior to it being finalised and published in next year's Integrated Report.

Changes to the board of directors: resignation of non-executive directors

Shareholders are advised that non-executive directors, Mr Mahomed Seedat and Ms Thoko Mokgosi-Mwantembe have resigned from the board of directors of Aveng at today's Annual General Meeting.