AVI - AVI Limited - Voluntary announcement of repurchase of own shares

AVI - AVI Limited - Voluntary announcement of repurchase of own shares          
AVI Limited                                                                     
(Incorporated in South Africa)                                                  
(Registration number: 1944/017201/06)                                           
ISIN Code: ZAE000049433                                                         
JSE Code: AVI                                                                   
("AVI" or "the Company")                                                        
VOLUNTARY ANNOUNCEMENT OF REPURCHASE OF OWN SHARES                              
Shareholders are advised that AVI has repurchased 8 984 469 of its shares up to 
the start of AVI`s closed period on 30 June 2011, in accordance with the general
authority granted by shareholders at the annual general meeting held on 20      
October 2010 ("the repurchase"). This authority allows for the repurchase of 34 
359 572 shares, being 10% of AVI`s total shares in issue at the time of the     
annual general meeting.                                                         
Details of the repurchase are as follows:                                       
Number of ordinary shares repurchased                            8 984 469      
Percentage of issued share capital                               2,57%          
Total number of ordinary shares in issue after the repurchase    340 123 175    
Cost of ordinary shares repurchased*                             R 269,0 million
Highest price paid per ordinary share*                           R 30,00        
Lowest price paid per ordinary share*                            R 29,10        
Average price paid per ordinary share*                           R 29,94        
* - excluding costs                                                             
The shares repurchased are to be delisted. The extent of the authority          
outstanding is 25 375 103 shares, equivalent to 7,46% of the current total      
shares in issue and is valid until the next annual general meeting, scheduled   
for 1 November 2011.                                                            
No shares will be purchased during AVI`s closed period which ends on 5 September
2011.                                                                           
4 July 2011                                                                     
Illovo, Johannesburg                                                            
Sponsor                                                                         
Standard Bank                                                                   
Date: 04/07/2011 13:00:01 Supplied by www.sharenet.co.za                     
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