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