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AVENG LIMITED Board/Management Information 2026

Mar 30, 2026

48675_rns_2026-03-30_d9226035-06ea-4e9c-b726-cfa9c40032c3.pdf

Board/Management Information

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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")
AVENG
Providing a better life

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.