AVENG LIMITED - Appointment of directors and changes to board committees

Appointment of directors and changes to board committees

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


APPOINTMENT OF DIRECTORS AND CHANGES TO BOARD COMMITTEES


Appointment of directors

In accordance with paragraph 6.71 of the Listings Requirements of the JSE Limited ("Listings
Requirements"), the Board of Aveng ("Board") is pleased to announce the appointment of Ms Naidene
Ford-Hoon as an Independent Non-executive Director and Mr Graeme Francis Bevans as an
Independent Non-executive Director and Chairman Designate with effect from today, 30 March 2026.

Naidene is a distinguished leader and qualified CA with over 25 years of business experience, including
16 years in the Financial Services Sector at an executive management level. She has worked for
Alexander Forbes Group Holdings as the Group Chief Financial Officer, the South African Reserve Bank
as the Group Chief Financial Officer, and KPMG Johannesburg, amongst others. She currently serves
on the board of SA Corporate Real Estate Limited, Capitec Bank Holdings Limited and the Independent
Regulatory Board for Auditors (IRBA). She previously served on the Telkom SA SOC board and the
board of its subsidiary, Swiftnet. Her governance experience includes service on key board committees,
including Chair of Audit and Risk committees.

Graeme is a highly experienced business leader, investor and company director who has worked at the
forefront of investment, funds management and infrastructure industries globally for the past 20 years,
most recently as Chief Executive Officer of Atlas Arteria, a A$6.6 billion group listed on the Australian
Stock Exchange (ASX). He has served on a broad range of infrastructure boards over the course of his
executive career, both as an Executive Director on behalf of the investor and as an Independent Non-
Executive Director. On several of these boards, he has chaired committees with specific experience in
the remuneration function. His experience spans infrastructure assets in renewable energy, roads,
water, emergency services systems and complex urban utilities. He currently serves on the Tasmanian
Development Board and previously served on boards including the Anglian Water Group, APRR Group,
Arqiva Group, Atlas Arteria, Broadcast Australia (Chair, Remuneration), Puget Energy (Chair,
Remuneration), Transalec, Airwave, Wales and West Utilities, Pacific Hydro Ltd, Ecogen and Interlink
Roads.

The Board confirms, in compliance with paragraph 6.73 of the Listings Requirements, that fit-and-proper
assessments have been conducted and that the Board is satisfied with the outcomes. Additionally, the
Company confirms that there are no positive statements to report regarding the integrity information
contained in the directors' declarations.

The Aveng Board welcomes the appointment of Naidene and Graeme and is confident that the Board
will benefit from their strong business leadership experience.

Changes to the composition of Board Committees

Shareholders are further advised that Graeme has been appointed as a member of the Risk Committee,
Remuneration and Nominations Committee, Investment Committee, and the Tender Risk Committee.
In addition, Naidene has been appointed as Chair of the Audit Committee, a member of the Risk
Committee, Investment Committee and the Social, Ethics and Transformation Committee.


30 March 2026

Boksburg, South Africa

JSE Sponsor
Valeo Capital (Pty) Ltd

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

Date: 30-03-2026 07:05:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.