AVI LIMITED - Dealing in AVI Shares by AVI Director

Dealing in AVI Shares by AVI Director

AVI Limited
Registration Number: 1944/017201/06
Share Code: AVI
ISIN: ZAE000049433
("AVI" or "the Company")

DEALING IN AVI SHARES BY AVI DIRECTOR

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             :   Simon Crutchley
Name of company              :   AVI
Date of transaction          :   31 October 2025
Number of shares granted     :   219 682
Option allocation price      :   R73,43
Total value of transaction   :   R16 131 249,26
Class of securities          :   Ordinary shares
Nature of transaction        :   Acceptance of shares awarded in
                                 terms of the AVI Deferred Bonus
                                 Share Plan
Extent of interest           :   Direct beneficial

The above transaction was done off-market.

Name of director             :   Simon Crutchley
Name of company              :   AVI
Date of transaction          :   31 October 2025
Number of shares granted     :   219 682
Price per share              :   R98,92
Total value of transaction   :   R21 730 943,44
Class of securities          :   Ordinary shares
Nature of transaction        :   Transfer of shares accepted above
                                 into director's name
Extent of interest           :   Direct beneficial

The above transaction was done off-market.

Simon Crutchley elected to pay the tax owing and to transfer the
full award into his own name.

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
31 October 2025

Sponsor
The Standard Bank of South Africa Limited

Date: 31-10-2025 04:58:00
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.