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             :   Michael Koursaris
Name of company              :   AVI
Date of transaction          :   5 November 2026
Number of options granted    :   129 034
Option allocation price      :   R74.00
Total value of transaction   :   R9 548 516.00
Class of securities          :   Ordinary shares
Nature of transaction        :   Acceptance of shares awarded in
                                 terms of the AVI Limited Out-
                                 Performance Share Plan
Extent of interest           :   Direct beneficial

The above transaction was done off-market.

Name of director             :   Michael Koursaris
Name of company              :   AVI
Date of transaction          :   5 November 2026
Number of options granted    :   129 034
Price per share              :   R84.13
Total value of transaction   :   R10 855 630.42
Class of securities          :   Ordinary shares
Nature of transaction        :   Sale of share as accepted above
Extent of interest           :   Direct beneficial

The above transaction was done on-market.

Name of director             :   Michael Koursaris
Name of company              :   AVI
Date of transaction          :   5 November 2026
Number of options granted    :   68 050
Option allocation price      :   R75.20
Total value of transaction   :   R5 117 360.00
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             :   Michael Koursaris
Name of company              :   AVI
Date of transaction          :   5 November 2026
Number of options granted    :   68 050
Price per share              :   R84.02
Total value of transaction   :   R5 717 561.00
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
6 November 2026

Sponsor
The Standard Bank of South Africa Limited

Date: 06/11/2026 11:06:00
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