Dealings in securities 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 DIRECTORS, DIRECTORS OF MAJOR SUBSIDIARIES AND THE AVI COMPANY SECRETARY In compliance with sections 3.63 – 3.74 of the Listings Requirements of the JSE Limited, the following information is disclosed: Director : Simon Crutchley Company : AVI Date of transaction : 7 October 2019 Nature of transaction : Acceptance of options in the AVI Deferred Bonus Share Plan Class of securities : Options in respect of ordinary shares Number of options granted : 37 340 Option allocation price : R83.91 Total value of transaction : R3,133,199.40 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Director : Owen Cressey Company : AVI Date of transaction : 7 October 2019 Nature of transaction : Acceptance of options in the AVI Deferred Bonus Share Plan Class of securities : Options in respect of ordinary shares Number of options granted : 15 764 Option allocation price : R83.91 Total value of transaction : R1,322,757.24 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Director : Michael Koursaris Company : AVI Date of transaction : 7 October 2019 Nature of transaction : Acceptance of options in the AVI Deferred Bonus Share Plan Class of securities : Options in respect of ordinary shares Number of options granted : 11 346 Option allocation price : R83.91 Total value of transaction : R952,042.86 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Director : David Hood Company : National Brands Limited Date of transaction : 7 October 2019 Nature of transaction : Acceptance of options in the AVI Deferred Bonus Share Plan Class of securities : Options in respect of ordinary shares Number of options granted : 8 796 Option allocation price : R83.91 Total value of transaction : R738,072.36 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Director : Gaynor Poretti Company : National Brands Limited Date of transaction : 7 October 2019 Nature of transaction : Acceptance of options in the AVI Deferred Bonus Share Plan Class of securities : Options in respect of ordinary shares Number of options granted : 4 205 Option allocation price : R83.91 Total value of transaction : R352,841.55 Vesting period : 3 years Nature and extent of Director’s 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 : 7 October 2019 Nature of transaction : Acceptance of options in the AVI Deferred Bonus Share Plan Class of securities : Options in respect of ordinary shares Number of options granted : 2 627 Option allocation price : R83.91 Total value of transaction : R220 431.57 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Director : Jonty Jankovich-Besan Company : Irvin & Johnson Holding Company (Pty) Ltd Date of transaction : 7 October 2019 Nature of transaction : Acceptance of options in the AVI Deferred Bonus Share Plan Class of securities : Options in respect of ordinary shares Number of options granted : 5 702 Option allocation price : R83.91 Total value of transaction : R478,454.82 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Director : Brendon Lucke Company : Irvin & Johnson Holding Company (Pty) Ltd Date of transaction : 7 October 2019 Nature of transaction : Acceptance of options in the AVI Deferred Bonus Share Plan Class of securities : Options in respect of ordinary shares Number of options granted : 2 910 Option allocation price : R83.91 Total value of transaction : R244,178.10 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Director : Harsha Govind Company : Irvin & Johnson Holding Company (Pty) Ltd Date of transaction : 7 October 2019 Nature of transaction : Acceptance of options in the AVI Deferred Bonus Share Plan Class of securities : Options in respect of ordinary shares Number of options granted : 780 Option allocation price : R83.91 Total value of transaction : R65,449.80 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Company Secretary : Sureya Scheepers Company : AVI Date of transaction : 7 October 2019 Nature of transaction : Acceptance of options in the AVI Deferred Bonus Share Plan Class of securities : Options in respect of ordinary shares Number of options granted : 901 Option allocation price : R83.91 Total value of transaction : R75,602.91 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Illovo 7 October 2019 Sponsor The Standard Bank of South Africa Limited Date: 07/10/2019 10:30:00 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.