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External debt reduction and South African balance sheet de-risking

Published: 2022-10-03 17:10:20 ET
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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