AVI LIMITED - Dealings in Securities

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 AND DIRECTORS OF
MAJOR SUBSIDIARIES

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          :   18 October 2024
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    :   100 100
Option allocation price      :   R104.87
Total value of transaction   :   R10,497,487.00
Vesting period               :   3 years
Nature and extent of
Director's interest          :   Direct beneficial
On-market or off-market      :   Off-market
Clearance obtained           :   Yes

Director                     :   Justin O'Meara
Company                      :   AVI
Date of transaction          :   18 October 2024
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    :   33 130
Option allocation price      :   R104.87
Total value of transaction   :   R3,474,343.10
Vesting period               :   3 years
Nature and extent of
Director's interest          :   Direct beneficial
On-market or off-market      :   Off-market
Clearance obtained           :   Yes

Director                     :   Michael Koursaris
Company                      :   AVI
Date of transaction          :   18 October 2024
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    :   41 731
Option allocation price      :   R104.87
Total value of transaction   :   R4,376,329.97
Vesting period               :   3 years
Nature and extent of
Director's 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          :   18 October 2024
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    :   28 059
Option allocation price      :   R104.87
Total value of transaction   :   R2,942,547.33
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          :   18 October 2024
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    :   17 976
Option allocation price      :   R104.87
Total value of transaction   :   R1,885,143.12
Vesting period               :   3 years
Nature and extent of
Director's interest          :   Direct beneficial
On-market or off-market      :   Off-market
Clearance obtained           :   Yes

Illovo
18 October 2024
Sponsor
The Standard Bank of South Africa Limited

Date: 18-10-2024 02:35:00
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.