Dealings in securities AVI Limited 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 : Gaynor Poretti Name of company : National Brands Limited Date of transaction : 12 November 2020 Number of options granted : 6 673 Option allocation price : R97.55 Total value of transaction : R650 951.15 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 : Gaynor Poretti Name of Company : National Brands Limited Date of transaction : 12 November 2020 Number of options granted : 6 673 Price per share : R77.35 Total value of transaction : R 516 156.55 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 13 November 2020 Sponsor The Standard Bank of South Africa Limited Date: 13-11-2020 02:50:00 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.