AVENG LIMITED - Changes to executive management and the board

Changes to executive management and the board

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


CHANGES TO EXECUTIVE MANAGEMENT AND THE BOARD


Shareholders are referred to the Company’s previous SENS announcement on 16 January 2026,
regarding, inter alia, the appointment of David Simpson as Interim Group Chief Executive Officer
(“CEO”) of the Company and the subsequent SENS announcement on 24 August 2026 regarding the
appointment of Fraser Wyllie as the CEO designate.

In compliance with paragraph 6.71 of the Listings Requirements of JSE Limited, the Board of Aveng
(“Board”) announces the stepping down of David as Interim CEO and director of the Company with
effect from 1 October 2026 and the appointment of Fraser Wyllie as the new Group Chief Executive
Officer and a director of the Company with effect from the same date.

David will continue to be available to Fraser as he transitions into this role.

The Board confirms, in compliance with paragraph 6.73 of the Listings Requirements, that a fit-and-
proper assessment has been conducted and that the Board is satisfied with the outcome. Additionally,
the Company confirms that there are no positive statements to report regarding the integrity information
contained in the director’s declaration.

The Board wishes to thank David for his contribution to Aveng as Interim CEO and congratulates Fraser
on his appointment and looks forward to working with him.

21 September 2026
Boksburg, South Africa

JSE Sponsor
Valeo Capital (Pty) Ltd

Edinah Mandizha
Company Secretary
Tel: 011 779 2800
Email: Edinah.mandizha@avenggroup.com
Date: 21/09/2026 10:05:00
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