AVI LIMITED - Dealing In Avi Shares By A Director Of A Major Subsidiary

Dealing In Avi Shares By A Director Of A Major Subsidiary

AVI Limited
(Incorporated in the Republic of South Africa)
Registration Number 1944/017201/06
Share Code: AVI
ISIN: ZAE000049433
(“AVI” or “the Company”)

DEALING IN AVI SHARES BY A DIRECTOR 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            :   Keith Phillips
Company                     :   National Brands Limited
Date of transaction         :   4 April 2017
Strike price and exercise
price per option            :   R53.38
Number of ordinary shares   :   39 115
Aggregate consideration     :   R 2 087 958.70
Class of securities         :   Options in respect of ordinary
                                shares
Nature of transaction       :   Exercise of options granted in
                                April 2014
Extent of interest          :   Direct beneficial

The above transaction was done off-market.

Name of Director            :   Keith Phillips
Company                     :   National Brands Limited
Date of transaction         :   4 April 2017
Price per ordinary share    :   R97.50
Number of ordinary shares   :   39 115
Aggregate consideration     :   R 3 813 712.50
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
5 April 2017

Sponsor
The Standard Bank of South Africa Limited

Date: 05/04/2017 12:10:00 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.