AVI - AVI Limited - Acceptance of options by company secretary of AVI

AVI - AVI Limited - Acceptance of options by company secretary of AVI           
AVI Limited                                                                     
(Registration Number 1944/017201/06)                                            
Share Code: AVI                                                                 
ISIN: ZAE000049433                                                              
("AVI")                                                                         
ACCEPTANCE OF OPTIONS BY COMPANY SECRETARY OF AVI                               
In compliance with Rules 3.63 - 3.74 of the Listings Requirements of the JSE    
Limited ("the JSE"), the following information is disclosed:                    
Company secretary             :    Sureya Naidoo                                
Company                       :    AVI                                          
Date of transaction           :    12 March 2012                                
Nature of transaction         :    Acceptance of options in the AVI             
                                  Black Staff Empowerment Scheme Trust          
Class of securities           :    Ordinary shares                              
Number of options granted     :    47,383                                       
Option allocation price       :    R32.29                                       
Vesting                       :    1st tranche 1/10/2016 - 15,794 shares        
                                  2nd tranche 1/10/2017 - 15,794 shares         
3rd tranche 1/10/2018 - 15,795 shares         

Total value of transaction    :    R1,529,997.07                                
Nature and extent of                                                            
interest                      :    Direct beneficial                            
Clearance obtained            :    Yes                                          
Illovo                                                                          
Sandton                                                                         
13 March 2012                                                                   
Sponsor                                                                         
The Standard Bank of South Africa Limited                                       
Date: 13/03/2012 11:50:13 Supplied by www.sharenet.co.za                     
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