AVI - AVI Limited - Acceptance of share options by AVI directors and directors

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
In compliance with Rules 3.63 - 3.74 of the Listings Requirements of the JSE    
Limited, the following information is disclosed:                                
Director  :                   Simon Crutchley                                   
Company   :                   AVI                                               
Date of transaction :         22 June 2011                                      
Nature of transaction    :    Acceptance of options in the AVI                  
                             Executive Share Incentive Scheme                   
Class of securities :         Options in respect of ordinary shares             
Number of options granted:    380,095                                           
Option allocation price  :    R29.38                                            
Total value of transaction:   R11,167,191.10                                    
Vesting period :              3 years                                           
Nature and extent of                                                            
Director`s interest :         Direct beneficial                                 
Clearance obtained  :         Yes                                               
Director  :                   Keith Phillips                                    
Company   :                   National Brands Limited                           
Date of transaction :         22 June 2011                                      
Nature of transaction    :    Acceptance of options in the AVI                  
Executive Share Incentive Scheme                   

Class of securities :         Options in respect of ordinary shares             
Number of options granted:    57,373                                            
Option allocation price  :    R29.38                                            
Total value of transaction:   R1,685,618.74                                     
Vesting period :              3 years                                           
Nature and extent of                                                            
Director`s interest :         Direct beneficial                                 
Clearance obtained  :         Yes                                               
Director  :                   David Hood                                        
Company   :                   National Brands Limited                           
Date of transaction :         22 June 2011                                      
Nature of transaction    :    Acceptance of options in the AVI Executive Share  
                             Incentive Scheme                                   
Class of securities :         Options in respect of ordinary shares             
Number of options granted:    163,038                                           
Option allocation price  :    R29.38                                            
Total value of transaction:   R4,790,056.44                                     
Vesting period :              3 years                                           
Nature and extent of                                                            
Director`s interest :         Direct beneficial                                 
Clearance obtained  :         Yes                                               
Illovo                                                                          
23 June 2011                                                                    
Sponsor                                                                         
Standard Bank                                                                   
Date: 23/06/2011 08:40:00 Supplied by www.sharenet.co.za                     
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