AVI LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

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


RESULTS OF ANNUAL GENERAL MEETING


Shareholders are advised that the voting results for the Annual General Meeting (“AGM”) of AVI held at 11h00 on
Thursday, 2 November 2017 were as follows:


Resolution   Resolution                                  Number of      Percentage     For***     Against***      Abstained*
Number                                                   shares voted   of shares in   %          %               %
                                                                        issue*
                                                                        %

1            Ordinary resolution                         262 939 419    78.62          100        0               0.25
             Approval of annual financial statements

2            This resolution had been withdrawn on                 -        -            -        -                  -
             6 October 2017 and was therefore not
             voted on

3            Ordinary resolution                         263 147 033    78.68          100        0               0.19
             Re-election of SL Crutchley as a director

4            Ordinary resolution                         263 033 717    78.65          99.85      0.15            0.22
             Re-election of OP Cressey as a director

5            Ordinary resolution                         256 795 711    76.78          99.68      0.32            2.09
             Re-election of GR Tipper as a director

6            Ordinary resolution                         259 432 632    77.57          99.97      0.03            1.30
             Appointment of MJ Bosman as a
             member and Chairman of the Audit and
             Risk Committee

7            Ordinary resolution                         259 431 126    77.57          99.96      0.04            1.30
             Appointment of NP Dongwana as a
             member of the Audit and Risk
             Committee

8            Ordinary resolution                         259 430 281    77.57          77.02      22.98           1.30
             Appointment of JR Hersov as a member
             of the Audit and Risk Committee

9            Special resolution                          263 116 957    78.67          99.93      0.07            0.20
             Increase in fees payable to non-
             executive directors, excluding the
             Chairman of the Board and foreign non-
             executive director

10          Special resolution                          263 116 659     78.67          99.93      0.07            0.20
            Increase in fees payable to the Chairman
            of the Board

11          Special resolution                          263 114 984     78.67          99.93      0.07            0.20
            Increase in fees payable to the foreign
            non-executive director

12          Special resolution                          263 117 274     78.67          99.95      0.05            0.19
            Increase in fees payable to members of
            the Remuneration, Nomination and
            Appointments Committee

13          Special resolution                          263 116 478     78.67          99.95      0.05            0.20
            Increase in fees payable to members of
            the Audit and Risk Committee

14          Special resolution                          263 117 405     78.67          99.95      0.05            0.19
            Increase in fees payable to members of
            the Social and Ethics Committee

15          Special resolution                          263 116 086     78.67          99.95      0.05            0.20
            Increase in fees payable to the Chairman
            of the Remuneration, Nomination and
            Appointments Committee

16          Special resolution                          263 132 731     78.68          99.95      0.05            0.19
            Increase in fees payable to the Chairman
            of the Audit and Risk Committee

17          Special resolution                          263 115 557     78.67          99.94      0.06            0.20
            Increase in fees payable to the Chairman
            of the Social and Ethics Committee

18          Special resolution                          255 681 655     78.20**        100           0            0.19**
            General authority to buy-back shares

19          Ordinary Resolution                         263 113 977     78.67          94.71         5.29           0.20
            Non-binding advisory vote to endorse
            the remuneration policy


*Based on 334 438 893 shares (excludes 17 234 352 treasury shares) in issue at the date of the AGM.
**Based on 326 975 623 shares (excludes 17 234 352 treasury shares and 7 463 270 share scheme shares) in issue at the
date of the AGM.
***In relation to the total number of shares voted at the AGM.

Based on the above results, all resolutions were passed by the requisite majority of AVI shareholders present in person or
represented by proxy at the AGM.

Illovo
Sandton
2 November 2017

Sponsor
The Standard Bank of South Africa Limited

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