AVI LIMITED - Dealing in AVI Shares by an AVI Director

Dealing in AVI Shares by an AVI Director

AVI Limited
Registration Number: 1944/017201/06
Share Code: AVI
ISIN: ZAE000049433
(“AVI” or “the Company”)

DEALING IN AVI SHARES BY AN AVI DIRECTOR

In compliance with Rules 3.63 – 3.74 of the Listings Requirements
of the JSE Limited (“the JSE”), the following information is
disclosed:

Name of director             :   Michael Koursaris
Date of transaction          :   11 December 2019
Number of options granted    :   24 003
Option allocation price      :   R88.59
Total value of transaction   :   R2 126 425.77
Class of securities          :   Ordinary shares
Nature of transaction        :   Exercise of options granted in
                                 terms of the AVI Deferred Bonus
                                 Share Plan
Extent of interest           :   Direct beneficial

The above transaction was done off-market.

Name of Director             :   Michael Koursaris
Date of transaction          :   11 December 2019
Number of options granted    :   24 003
Price per share              :   R86.25
Total value of transaction   :   R2 070 258.75
Class of securities          :   Ordinary shares
Nature of transaction        :   Sale of shares in terms of the
                                 options exercised above
Extent of interest           :   Direct beneficial

The above transaction was done on-market.

Clearance to deal in these shares was obtained in accordance with
AVI’s policy with regard to director’s dealings as well as the
Listings Requirements of the JSE.

Illovo
Sandton
12 December 2019

Sponsor
The Standard Bank of South Africa Limited

Date: 12-12-2019 09:50:00
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