AVI LIMITED - Acceptance of Share Options by AVI Executive Directors, AVI Company Secretary, and Directors of Major Subsidiaries

Acceptance of Share Options by AVI Executive Directors, AVI Company Secretary, and Directors of Major Subsidiaries

AVI Limited
(Incorporated in the Republic of South Africa)
Registration Number 1944/017201/06
Share Code: AVI
ISIN: ZAE000049433
("AVI" or "the Company")

ACCEPTANCE OF SHARE OPTIONS BY AVI EXECUTIVE DIRECTORS, AVI
COMPANY SECRETARY, AND DIRECTORS OF MAJOR SUBSIDIARIES

In compliance with sections 6.77 – 6.80 of the Listings
Requirements of the JSE Limited, the following information is
disclosed:

Director                     :   Simon Crutchley
Company                      :   AVI
Date of transaction          :   17 June 2026
Nature of transaction        :   Acceptance of options in the AVI
                                 Revised Executive Share
                                 Incentive Scheme
Class of securities          :   Options in respect of ordinary
                                 shares
Number of options granted    :   432 185
Option allocation price      :   R103,22
Total value of transaction   :   R44 610 135.70
Vesting period               :   3 years
Nature and extent of
interest                     :   Direct beneficial
On-market or off-market      :   Off-market
Clearance obtained           :   Yes

Director                     :   Michael Koursaris
Company                      :   AVI
Date of transaction          :   17 June 2026
Nature of transaction        :   Acceptance of options in the AVI
                                 Revised Executive Share
                                 Incentive Scheme
Class of securities          :   Options in respect of ordinary
                                 shares
Number of options granted    :   179 408
Option allocation price      :   R103.22
Total value of transaction   :   R18 518 493.76
Vesting period               :   3 years
Nature and extent of
interest                     :   Direct beneficial
On-market or off-market      :   Off-market
Clearance obtained           :   Yes

Company Secretary            :   Vivien Crystal
Company                      :   AVI
Date of transaction          :   17 June 2026
Nature of transaction        :   Acceptance of options in the AVI
                                 Revised Executive Share
                                 Incentive Scheme
Class of securities          :   Options in respect of ordinary
                                 shares
Number of options granted    :   43 113
Option allocation price      :   R103.22
Total value of transaction   :   R4 450 123.86
Vesting period               :   3 years
Nature and extent of
interest                     :   Direct beneficial
On-market or off-market      :   Off-market
Clearance obtained           :   Yes

Director                     :   Roelf van der Laan
Company                      :   National Brands Limited
Date of transaction          :   17 June 2026
Nature of transaction        :   Acceptance of options in the AVI
                                 Revised Executive Share
                                 Incentive Scheme
Class of securities          :   Options in respect of ordinary
                                 shares
Number of options granted    :   38 536
Option allocation price      :   R103.22
Total value of transaction   :   R3 977 685.92
Vesting period               :   3 years
Nature and extent of
interest                     :   Direct beneficial
On-market or off-market      :   Off-market
Clearance obtained           :   Yes

Director                     :   Roger Coppin
Company                      :   Irvin & Johnson Holding Company
                                 (Pty) Ltd
Date of transaction          :   17 June 2026
Nature of transaction        :   Acceptance of options in the AVI
                                 Revised Executive Share
                                 Incentive Scheme
Class of securities          :   Options in respect of ordinary
                                 shares
Number of options granted    :   99 718
Option allocation price      :   R103.22
Total value of transaction   :   R10 292 891.96
Vesting period               :   3 years
Nature and extent of
Director's interest          :   Direct beneficial
On-market or off-market      :   Off-market
Clearance obtained           :   Yes

Illovo
17 June 2026

Sponsor
The Standard Bank of South Africa Limited

Date: 17-06-2026 03:29:00
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