AVI LIMITED - Dealings in securities

Dealings in securities

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

DEALING IN AVI SHARES BY AN AVI DIRECTOR AND DIRECTORS OF A
MAJOR SUBSIDIARY

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            :   Owen Cressey
Company                     :   AVI
Date of transaction         :   2 April 2014
Strike price and exercise
price per option            :   R26.33
Number of ordinary shares   :   30 000
Aggregate consideration     :   R 789 900.00
Class of securities         :   Options in respect of ordinary
                                shares
Nature of transaction       :   Exercise of options granted in
                                October 2010
Extent of interest          :   Direct beneficial

The above transaction was done off-market.

Director                    :   Owen Cressey
Company                     :   AVI
Date of transaction         :   2 April 2014
Price per unit              :   R56.16
Number of ordinary shares   :   30 000
Aggregate consideration     :   R 1 684 800.00
Class of securities         :   Ordinary shares
Nature of transaction       :   Transfer of shares in terms of the
                                options exercised above
Extent of interest          :   Direct beneficial

The above transaction was done off-market.

Name of director            :   Keith Phillips
Company                     :   National Brands Limited
Date of transaction         :   1 April 2014
Strike price and exercise
price per option            :   R29.38
Number of ordinary shares   :   8 000
Aggregate consideration     :   R 235 040
Class of securities         :   Options in respect of ordinary
                                shares
Nature of transaction       :   Exercise of options granted in
                                April 2011
Extent of interest          :   Direct beneficial

The above transaction was done off-market.

Director                    :   Keith Phillips
Company                     :   National Brands Limited
Date of transaction         :   1 April 2014
Price per unit              :   R56.53
Number of ordinary shares   :   8 000
Aggregate consideration     :   R 452 240.00
Class of securities         :   Ordinary shares
Nature of transaction       :   Transfer of shares in terms of the
                                options exercised above
Extent of interest          :   Direct beneficial

The above transaction was done off-market.

Name of director            :   David Hood
Company                     :   National Brands Limited
Date of transaction         :   1 April 2014
Strike price and exercise
price per option            :   R29.38
Number of ordinary shares   :   115 146
Aggregate consideration     :   R 3 382 989.48
Class of securities         :   Options in respect of ordinary
                                shares
Nature of transaction       :   Exercise of options granted in
                                April 2011
Extent of interest          :   Direct beneficial

The above transaction was done off-market.

Director                    :   David Hood
Company                     :   National Brands Limited
Date of transaction         :   1 April 2014
Price per unit              :   R56.29
Number of ordinary shares   :   115 146
Aggregate consideration     :   R 6 481 568.34
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
2 April 2014

Sponsor
The Standard Bank of South Africa Limited

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