AVU - Avusa Limited - Exercise of share-based incentives by, and delivery

AVU - Avusa Limited - Exercise of share-based incentives by, and delivery       
of shares to the company secretary                                              
AVUSA LIMITED                                                                   
Incorporated in the Republic of South Africa                                    
(Registration number:  2008/002461/06)                                          
Share code:  AVU    ISIN code:  ZAE000115895                                    
("Avusa")                                                                       
EXERCISE OF SHARE-BASED INCENTIVES BY, AND DELIVERY OF SHARES TO THE            
COMPANY SECRETARY                                                               
In compliance with paragraphs 3.63 - 3.70 of the Listings Requirements of       
the JSE Limited, the following information relating to the exercise of          
share-based incentives by, and the delivery of Avusa shares to, the company     
secretary, is disclosed:                                                        
Company secretary                  Joanne Matisonn                              
Company of which company                                                        
secretary                          Avusa                                        
Date of exercise of conditional                                                 
awards                             26 September 2011                            
Date of delivery of shares         27 September 2011                            
Exercise price                     R23.00 per conditional award                 
Allocation price                   Nil                                          
Number of shares delivered         5 624 (with 2 250 shares subsequently        
                                  sold to settle employee`s tax)                
Value of transaction               R129 352 (before tax)                        
Nature of transaction              Exercise of conditional awards in terms      
                                  of the Long Term Incentive Plan 2008,         
                                  and delivery of Avusa shares                  
Class of securities                Avusa ordinary shares                        
Extent of interest                 Direct beneficial                            
Written clearance to deal          Yes                                          
Johannesburg                                                                    
28 September 2011                                                               
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 28/09/2011 14:00:01 Supplied by www.sharenet.co.za                     
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