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AVI - AVI Limited - Acceptance of share options by AVI directors and directors of major subsidiaries AVI Limited (Registration Number 1944/017201/06) Share Code: AVI ISIN: ZAE000049433 ("AVI") ACCEPTANCE OF SHARE OPTIONS BY AVI DIRECTORS AND DIRECTORS OF MAJOR SUBSIDIARIES Directors of AVI and its major subsidiaries accepted the following options in the AVI Out Performance Scheme (the Scheme) on 17th June 2011. These options are in respect of the 2010 annual allocation due in terms of the scheme rules. The implementation of the allocation was delayed pending completion of a review required by the Remuneration and Appointments Committee. Director : Simon Crutchley Company : AVI Date of transaction : 17 June 2011 Nature of transaction : Acceptance of options in the AVI Out Performance Scheme Class of securities : Options in respect of ordinary shares Number of options granted : 112,208 Option allocation price : R25.41 Total value of transaction : R2,851,205.28 Vesting period : Three years Nature and extent of Director`s interest : Direct beneficial Clearance obtained : Yes Director : Owen Cressey Company : AVI Date of transaction : 17 June 2011 Nature of transaction : Acceptance of options in the AVI Out Performance Scheme Class of securities : Options in respect of ordinary shares Number of options granted : 52,817 Option allocation price : R25.41 Total value of transaction : R1,342,079.97 Vesting period : Three years Nature and extent of Director`s interest : Direct beneficial Clearance obtained : Yes Director : Donnee MacDougall Company : National Brands Limited Date of transaction : 17 June 2011 Nature of transaction : Acceptance of options in the AVI Out Performance Scheme
Class of securities : Options in respect of ordinary shares Number of options granted : 49,245 Option allocation price : R25.41 Total value of transaction : R1,251,315.45 Vesting period : Three years Nature and extent of Director`s interest : Direct beneficial Clearance obtained : Yes Director : David Hood Company : National Brands Limited Date of transaction : 17 June 2011 Nature of transaction : Acceptance of options in the AVI Out Performance Scheme Class of securities : Options in respect of ordinary shares Number of options granted : 57,124 Option allocation price : R25.41 Total value of transaction : R1,451,520.84 Vesting period : Three years Nature and extent of Director`s interest : Direct beneficial Clearance obtained : Yes Director : Keith Phillips Company : National Brands Limited Date of transaction : 17 June 2011 Nature of transaction : Acceptance of options in the AVI Out Performance Scheme Class of securities : Options in respect of ordinary shares Number of options granted : 33,169 Option allocation price : R25.41 Total value of transaction : R842,824.29 Vesting period : Three years Nature and extent of Director`s interest : Direct beneficial Clearance obtained : Yes Director : Ron Fasol Company : I&J Limited Date of transaction : 17 June 2011 Nature of transaction : Acceptance of options in the AVI Out Performance Scheme Class of securities : Options in respect of ordinary shares Number of options granted : 52,391 Option allocation price : R25.41 Total value of transaction : R1,331,255.31 Vesting period : Three years Nature and extent of Director`s interest : Direct beneficial Clearance obtained : Yes Illovo 17 June 2011 Sponsor Standard Bank Date: 17/06/2011 15:59:08 Supplied by www.sharenet.co.za 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.
