AVENG LIMITED - Changes to executive management, retirement and appointment of directors and publication of half year results

Changes to executive management, retirement and appointment of directors and publication of half year results

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


CHANGES TO EXECUTIVE MANAGEMENT, RETIREMENT AND APPOINTMENT OF DIRECTORS AND PUBLICATION OF HALF YEAR RESULTS


CHANGES TO EXECUTIVE MANAGEMENT

Retirement and interim appointment

In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, the Board of Aveng
("Board") announces the retirement of Scott Cummins as Group Chief Executive and a director of the
Company. He will step down with effect from 30 January 2026.

The Board is pleased to announce the appointment of David Simpson as the Interim Group Chief
Executive and a director of the Company with effect from 30 January 2026. David is a highly
experienced executive with legal, commercial and management expertise in leading companies through
growth, restructuring and transitions. David has led businesses in engineering, construction,
maintenance and consulting services operating in the infrastructure, road, rail, resources and industrial
services sectors. David's key focus areas will include improving operational performance and
profitability, positioning the business for future growth and resolving contractual disputes.

Scott will continue to be available to David as he transitions into this interim role, particularly in the
resolution of current commercial matters relating to significant claims.

Permanent appointment

The Board has appointed external advisors to assist in the appointment of a permanent CEO. This
process is underway but by its nature will take time to complete.

The Board thanks Scott for his contribution to Aveng, both in his role as Chief Executive of its largest
subsidiary, McConnell Dowell and more recently, as Group Chief Executive.

The Board congratulates David on his appointment and looks forward to working with him.

PUBLICATION DATE OF HALF YEAR RESULTS

The Group expects to release its reviewed results for the six months ended 31 December 2025 on or
about 24 February 2026.


16 January 2026
Boksburg, South Africa


JSE Sponsor
Valeo Capital (Pty) Ltd

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

Forward looking statements

Certain statements in this document are not reported financial results or historical information but forward-looking statements. These include but
not limited to statements about the Group's operations, financial conditions, earnings, and growth prospects. They are based on the best estimates
and information of Aveng at the time of writing. They are nonetheless subject to significant uncertainties and contingencies, many of which are
beyond the control of the Group.
Unanticipated events may occur, and actual future events may differ materially from current expectations due to changes in priorities by the Group,
engagement with clients, suppliers, external auditors and other stakeholders.

Date: 16-01-2026 07:05:00
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