Results of Annual General Meeting AVI Limited Registration Number 1944/017201/06 Share Code: AVI ISIN: ZAE000049433 (“AVI”) RESULTS OF ANNUAL GENERAL MEETING Shareholders are advised that the voting results for the Annual General Meeting (“AGM”) of AVI held at 11h00 on Thursday, 1 November 2018 were as follows: Resolution Resolution Number of Percentage For*** Against*** Abstained* shares voted of shares in Number % % % issue* % 1 Ordinary resolution 268 779 151 80.13 100.00 0.00 0.28 Approval of annual financial statements 2 Ordinary resolution 268 779 049 80.13 100.00 0.00 0.28 Appointment of Ernst & Young Inc. as the external auditors 3 Ordinary resolution 268 757 858 80.12 94.69 5.31 0.29 Re-election of A Nuhn as a director 4 Ordinary resolution 268 756 584 80.12 99.96 0.04 0.29 Re-election of MJ Bosman as a director 5 Ordinary resolution 268 756 445 80.12 99.93 0.07 0.29 Re-election of A Thebyane as a director 6 Ordinary resolution 268 756 564 80.12 100.00 0.00 0.29 Appointment of MJ Bosman as a member and Chairman of the Audit and Risk Committee 7 Ordinary resolution 268 756 445 80.12 100.00 0.00 0.29 Appointment of NP Dongwana as a member of the Audit and Risk Committee 8 Ordinary resolution 268 758 087 80.12 76.80 23.20 0.29 Appointment of JR Hersov as a member of the Audit and Risk Committee 9 Special resolution 268 735 215 80.12 99.95 0.05 0.30 Increase in fees payable to non- executive directors, excluding the Chairman of the Board and foreign non- executive director 10 Special resolution 268 728 004 80.12 98.00 2.00 0.30 Increase in fees payable to the Chairman of the Board 11 Special resolution 268 727 784 80.12 99.96 0.04 0.30 Increase in fees payable to the foreign non-executive director 12 Special resolution 268 728 103 80.12 99.98 0.02 0.30 Increase in fees payable to members of the Remuneration, Nomination and Appointments Committee 13 Special resolution 268 730 216 80.12 99.98 0.02 0.30 Increase in fees payable to members of the Audit and Risk Committee 14 Special resolution 268 728 083 80.12 99.97 0.03 0.30 Increase in fees payable to members of the Social and Ethics Committee 15 Special resolution 268 728 155 80.12 99.97 0.03 0.30 Increase in fees payable to the Chairman of the Remuneration, Nomination and Appointments Committee 16 Special resolution 268 728 155 80.12 99.97 0.03 0.30 Increase in fees payable to the Chairman of the Audit and Risk Committee 17 Special resolution 268 728 155 80.12 99.97 0.03 0.30 Increase in fees payable to the Chairman of the Social and Ethics Committee 18 Special resolution 261 784 359 79.70** 99.99 0.01 0.30** General authority to buy-back shares 19 Special resolution 268 741 663 80.12 98.59 1.41 0.30 Authority to provide financial assistance 20 Ordinary Resolution 268 735 756 80.12 92.49 7.51 0.30 Non-binding advisory vote to endorse the remuneration policy Ordinary Resolution 21 268 748 332 80.12 92.90 7.10 0.29 Non-binding advisory vote to endorse the implementation report *Based on 335 427 096 shares (excludes 17 234 352 treasury shares) in issue at the date of the AGM. **Based on 328 466 534 shares (excludes 17 234 352 treasury shares and 6 960 562 share scheme shares) in issue at the date of the AGM. ***In relation to the total number of shares voted at the AGM. Based on the above results, all resolutions were passed by the requisite majority of AVI shareholders present in person or represented by proxy at the AGM. Illovo Sandton 1 November 2018 Sponsor The Standard Bank of South Africa Limited Date: 01/11/2018 02:35:00 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.