AVENG LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1944/018119/06)
ISIN: ZAE000302618
SHARE CODE: AEG
("Aveng" or "the Company")


 POSTING OF CIRCULAR AND NOTICE OF GENERAL MEETING


1. INTRODUCTION


     Aveng shareholders are referred to the announcement released by the Company on SENS on 4 October
     2022, relating to the proposed disposal of Trident Steel, a division of Aveng Africa Proprietary Limited, as
     a going concern to Trident Steel Africa Proprietary Limited (“the Disposal”).

     Shareholders are hereby advised that a circular containing, inter alia, details of the Disposal, a notice of
     general meeting of shareholders (“General Meeting”), and forms of proxy were posted to shareholders
     today and is available on Aveng’s website at https://www.aveng.co.za/circular.php (the “Circular”).

    The purpose of the Circular is to:
           • provide shareholders with detailed information regarding the Disposal and the manner in
               which it will be implemented; and
           • convene the General Meeting for shareholders to consider and, if deemed fit, approve with or
               without modification the resolutions authorising and relating to the Disposal as set out in the
               notice of General Meeting incorporated in the Circular.


2. NOTICE OF GENERAL MEETING


    The General Meeting will be held entirely by electronic communication on an interactive electronic platform
    hosted at https://meetnow.global/ZA, at 10h00 on Wednesday, 18 January 2023, for the purpose of
    considering and, if deemed fit, passing with or without modification the resolutions set forth in the notice of
    General Meeting incorporated in the Circular.


3. IMPORTANT DATES AND TIMES




 Record date to be eligible to receive the Notice of General
                                                                                     Friday 25 November 2022
 Meeting

 Circular distributed to Shareholders on                                              Friday 2 December 2022


 Last day to trade in Shares in order to be eligible to participate
                                                                                     Tuesday 10 January 2023
 and vote in the General Meeting


 Record date in order to participate and vote in the General
                                                                                       Friday 13 January 2023
 Meeting
 Last day for lodging of forms of proxy for General Meeting with
                                                                                                   Tuesday 17 January 2023
 Transfer Secretaries by 10h00 on


 General Meeting to be held at 10h00 on                                                        Wednesday 18 January 2023


 Announcement of results of the General Meeting to be released
                                                                                                  Thursday 19 January 2023
 on SENS on


 Fulfilment of Conditions Precedent to the Transaction                                    Friday 24 February 2023 (note 6)



Capitalised terms used above and in the notes below bear the meanings assigned to them in the Circular.

Notes:
  1 The above dates and times are subject to amendment. Any such amendment will be released on SENS, to the extent required.
  2. All times indicated above are South African time.
  3. Shareholders are reminded that only Dematerialised Shares can be traded on the JSE. No orders to dematerialise or rematerialise
      Shares will be processed from the Business Day following the Last Day to Trade up to and including the record date to participate
      and vote in the General Meeting. Such orders will again be processed from the first Business Day after said record date.
  4. The Company’s securities register will be closed for Certificated Shareholders between the Last Day to Trade and the record date
      to participate and vote in the General Meeting.
  5. It is requested that the completed forms of proxy be lodged with the Transfer Secretaries, Computershare Investor Services
      Proprietary Limited, Level 1 and 2 Rosebank Towers, 15 Biermann Avenue, Rosebank, Johannesburg, 2196 (Private Bag X9000,
      Saxonwold, Johannesburg, Gauteng), South Africa, to reach the Transfer Secretaries on or before 10h00 on Tuesday, 17 January
      2023. If such forms of proxy are not lodged with the Transfer Secretaries by the relevant date and time, they may nevertheless be
      lodged with the Company Secretary of Aveng immediately before the commencement of the General Meeting, in accordance with
      the instructions therein, via email: edinah.mandizha@avenggroup.com.
  6. This date is estimated and subject to change.




2 December 2022
Melrose Arch


JSE Sponsor
Investec Bank Limited



Edinah Mandizha
Company Secretary
Tel: 011 779 2800
Email: info@avenggroup.com