Aveng Limited announced that Mr. Michael James Kilbride and Ms Mavis Ann Hermanus have retired as independent non-executive directors of Aveng with effect from 17 July 2023. Both Ms Hermanus and Mr. Kilbride have served on the board of directors of Aveng ("Board") for more than 10 years. Concurrently, the Board has appointed Mr. Nicholas Bowen as an independent non-executive director to the Board with effect from 17 July 2023.

Mr. Bowen is based in Sydney and has over 40 years of experience in contract mining, construction and quarrying in Australia and other countries. He was CEO and Managing Director at Macmahon Holdings for 12 years, which, at the time, was involved in both mining and civil construction. He went on to lead the global mining services business at Orica and more recently has led mining operations at the Sishen mine for Kumba, part of the Anglo American Group.

Mr. Bowen was also CEO of Lubambe Copper Mines in Zambia. Since 2021 he has been involved in several advisory roles. Composition of Board Committees In addition, shareholders are advised that the Board Committees have been reconstituted with non-executive directors, with effect from 17 July 2023, as follows: Audit Committee: B Modise (Chair), B Meyer, and N Bowen; Risk Committee: N Bowen (Chair), P Hourquebie, B Modise and D Noko; · Social, Ethics and Transformation Committee: D Noko (Chair), P Hourquebie, and B Modise; Safety, Health and Environment Committee: N Bowen (Chair), P Hourquebie and D Noko; Remuneration and Nomination Committee: B Meyer (Chair), P Hourquebie and B Modise; and Investment Committee: P Hourquebie (Chair), B Meyer, and B Modise.

Lastly, Ms B Modise has been appointed as the Lead Independent Director.