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, AVI COMPANY SECRETARY AND I&J 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 : 15 October 2021 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 : 85 280 Option allocation price : R86.04 Total value of transaction : R7,337,491.20 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 : 15 October 2021 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 : 32 356 Option allocation price : R86.04 Total value of transaction : R2,783,910.24 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 : 15 October 2021 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 : 23 288 Option allocation price : R86.04 Total value of transaction : R2,003,699.52 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 : 15 October 2021 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 : 5 534 Option allocation price : R86.04 Total value of transaction : R476,145.36 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Director : Roelf van der Laan Company : National Brands Limited Date of transaction : 15 October 2021 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 : 3 818 Option allocation price : R86.04 Total value of transaction : R328,500.72 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 : 15 October 2021 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 : 5 755 Option allocation price : R86.04 Total value of transaction : R495,160.20 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 : 15 October 2021 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 : 3 082 Option allocation price : R86.04 Total value of transaction : R265,175.28 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 : Ashfaque Ahmed Company : Irvin & Johnson Holding Company (Pty) Ltd Date of transaction : 15 October 2021 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 : 409 Option allocation price : R86.04 Total value of transaction : R35,190.36 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 : 15 October 2021 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 : 1 534 Option allocation price : R86.04 Total value of transaction : R131,985.36 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Director : Simon Crutchley Company : AVI Date of transaction : 15 October 2021 Nature of transaction : Acceptance of options in the AVI Out Performance Scheme Class of securities : Options in respect of ordinary shares Number of options granted : 99 516 Option allocation price : R85.55 Total value of transaction : R8,513,593.80 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 : 15 October 2021 Nature of transaction : Acceptance of options in the AVI Out Performance Scheme Class of securities : Options in respect of ordinary shares Number of options granted : 45 724 Option allocation price : R85.55 Total value of transaction : R3,911,688.20 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 : 15 October 2021 Nature of transaction : Acceptance of options in the AVI Out Performance Scheme Class of securities : Options in respect of ordinary shares Number of options granted : 32 910 Option allocation price : R85.55 Total value of transaction : R2,815,450.05 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 : 15 October 2021 Nature of transaction : Acceptance of options in the AVI Out Performance Scheme Class of securities : Options in respect of ordinary shares Number of options granted : 39 491 Option allocation price : R85.55 Total value of transaction : R3,378,455.05 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 : 15 October 2021 Nature of transaction : Acceptance of options in the AVI Out Performance Scheme Class of securities : Options in respect of ordinary shares Number of options granted : 19 285 Option allocation price : R85.55 Total value of transaction : R1,649,831.75 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 : 15 October 2021 Nature of transaction : Acceptance of options in the AVI Out Performance Scheme Class of securities : Options in respect of ordinary shares Number of options granted : 29 745 Option allocation price : R85.55 Total value of transaction : R2,544,684.75 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Clearance to deal in these shares was obtained in accordance with AVI’s policy with regard to director’s dealings following the JSE granting approval for the allocation and acceptance of these options during the closed period. Illovo 18 October 2021 Sponsor The Standard Bank of South Africa Limited Date: 18-10-2021 11:00:00 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.