AVI LIMITED - Dealing in AVI Shares by AVI Executive Director

Dealing in AVI Shares by AVI Executive Director

AVI Limited
Registration Number: 1944/017201/06
Share Code: AVI
ISIN: ZAE000049433
(“AVI” or “the Company”)

DEALING IN AVI SHARES BY AVI EXECUTIVE DIRECTOR

In compliance with Rules 6.77 – 6.80 of the Listings Requirements
of the JSE Limited (“the JSE”), the following information is
disclosed:

Name of director             :   Simon Crutchley
Name of company              :   AVI
Date of transaction          :   27 October 2026
Number of options granted    :   98 005
Option allocation price      :   R74.00
Total value of transaction   :   R7 252 370.00
Class of securities          :   Ordinary shares
Nature of transaction        :   Acceptance of shares awarded in
                                 terms of the AVI Limited Out-
                                 Performance Scheme
Extent of interest           :   Direct beneficial

The above transaction was done off-market.

Name of director             :   Simon Crutchley
Name of company              :   AVI
Date of transaction          :   27 October 2026
Number of options granted    :   98 005
Price per share              :   R81.19
Total value of transaction   :   R7 957 025.95
Class of securities          :   Ordinary shares
Nature of transaction        :   Transfer of shares into directors
                                 name as accepted above
Extent of interest           :   Direct beneficial

The above transaction was done off-market.

Name of director             :   Simon Crutchley
Name of company              :   AVI
Date of transaction          :   27 October 2026
Number of options granted    :   197 495
Option allocation price      :   R75.20
Total value of transaction   :   R14 851 624.00
Class of securities          :   Ordinary shares
Nature of transaction        :   Acceptance of shares awarded in
                                 terms of the AVI Limited Deferred
                                 Bonus Share Plan
Extent of interest           :   Direct beneficial

The above transaction was done off-market.

Name of director             :   Simon Crutchley
Name of company              :   AVI
Date of transaction          :   27 October 2026
Number of options granted    :   197 495
Price per share              :   R83.00
Total value of transaction   :   R16 392 085.00
Class of securities          :   Ordinary shares
Nature of transaction        :   Sale of shares as accepted above
Extent of interest           :   Direct beneficial

The above transaction was done on-market.

Clearance to deal in these shares was obtained in accordance with
AVI’s policy with regard to director’s dealings as well as the
Listings Requirements of the JSE.

Illovo
28 October 2026

Sponsor
The Standard Bank of South Africa Limited

Date: 28/10/2026 10:16:00
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