Change in beneficial interest AVI Limited Registration Number 1944/017201/06 Share Code: AVI ISIN: ZAE000049433 ("AVI" or "Company") NOTICE TO SHAREHOLDERS OF AVI IN TERMS OF SECTION 122(3)OF THE COMPANIES ACT, No 71 of 2008 ("COMPANIES ACT") AND PARAGRAPH 3.83(B) OF THE JSE LISTINGS REQUIREMENTS In accordance with section 122(3)(b) of the Companies Act and paragraph 3.83(b) of the Listings Requirements of the JSE Limited, shareholders are hereby advised that the Company has received formal notification that clients of Allan Gray have, in aggregate, disposed of an interest in the ordinary shares of the Company, such that the total interest in ordinary shares of the Company held by Allan Gray's clients now amounts to 4,4417% of the total issued ordinary shares of the Company. The board of directors of the Company accepts responsibility for the information contained in this announcement having relied on the information provided in the Form TRP 121.1 and certifies that, to the best of its knowledge and belief, the information contained in this announcement is true and this announcement does not omit anything that is likely to affect the import of such information. As required in terms of section 122(3) of the Companies Act, AVI has filed the required notice with the Takeover Regulation Panel. Illovo Sandton 1 August 2024 Sponsor The Standard Bank of South Africa Limited Date: 01-08-2024 05:15:00 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.