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Mon 31 Oct 2005, 15:30 Aveng Limited - Notice for Conversion into Shares
Aveng Limited - Notice for Conversion into Shares 31 October 2005               
AVENG LIMITED                                                                   
REGISTRATION NUMBER: 1944/018119/06                                             
INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA                                    
SHARE CODE JSE: AEG                                                             
ISIN: ZAE000018081                                                              
Notice to the holders of the outstanding ZAR1,000,000,000                       
6.125 per cent.  Guaranteed Convertible Bonds due 2012                          
(the "Bonds")                                                                   
(ISIN XS0210854567)                                                             
Notice is hereby given to the holders of the Bonds that, following the passing  
at the annual general meeting of the Company held on 28 October 2005 of an      
ordinary resolution to disapply the pre-emption rights of shareholders, pursuant
to Conditions 6(a) and 11(a) of the terms and conditions of the Bonds (the      
Conditions) the Company will, on and with effect from 7 November 2005, increase 
the Conversion Amount (as defined in Condition 3 of the Conditions) by          
ZAR1,000,000 to ZAR1,000,000 and decrease the Cash Settled Amount (as defined in
Condition 3 of the Conditions) by ZAR1,000,000 to ZAR0.00.  Following the       
increase to the Conversion Amount holders of the Bonds will, subject to the     
Conditions, be entitled to convert the principal amount of each Bond into       
ordinary shares in the ordinary share capital of the Company in accordance with 
the Conditions.                                                                 
Aveng Limited                                                                   
31 October 2005                                                                 
Sponsor:                                                                        
J.P.Morgan Equities Limited                                                     
Date: 31/10/2005 03:30:25 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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