AVI LIMITED - Trading update and statement for the six months ending 31 December 2020

AVI LIMITED
Registration number 1944/017201/06
Share code: AVI
ISIN: ZAE000049433
('AVI')



TRADING UPDATE AND STATEMENT FOR THE SIX MONTHS ENDING 31 DECEMBER 2020
Shareholders are reminded that the first semester of the previous financial
year included a capital gain, after tax, of R373,7 million on the disposal
of I&J's 40% interest in the Simplot joint venture in Australia. As there
are no material capital items expected in the first half of the current
financial year, attributable earnings per share for the first semester are
expected to decrease by more than 20%.


We hereby advise shareholders, in accordance with Section 3.4 (b) of the
Listings Requirements of the JSE Limited, that consolidated earnings per
share for the six months ending 31 December 2020, including capital gains
and losses, are expected to decrease by between 22,0% and 32,0% over the
comparable period in the prior year, translating into a decrease from last
year's 410,2 cents to a range of between 279 and 320 cents, per share.


It is expected that AVI will release a voluntary trading update and

statement covering headline earnings for the six months ending

31 December 2020 before the end of January 202 1, and release

its f u l l results for the same period on or about 8 March 2021.


The information above has not been reviewed and reported on by the Group's
auditors.

Illovo
5 November 2020


Sponsor
The Standard Bank of South Africa Limited

Date: 05-11-2020 05:08:00

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