Directors' dealing in securities AVI Limited Registration Number 1944/017201/06) Share Code: AVI ISIN: ZAE000049433 (“AVI”) DEALING IN AVI SHARES BY DIRECTORS OF MAJOR SUBSIDIARIES 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 : David Hood Company : National Brands Limited Date of transaction : 8 October 2012 Class of securities : Ordinary shares Nature of transaction : Acceptance of shares awarded in terms of the AVI Limited Out-Performance Scheme Price per share at time of allocation : R18.61 Number of ordinary shares : 217 665 Aggregate consideration : R 4 050 745.65 Extent of interest : Direct beneficial The above transaction was done off-market. Name of director : David Hood Company : National Brands Limited Date of transaction : 8 October 2012 Class of securities : Ordinary shares Nature of transaction : Sale of shares accepted as above Price per share : R56.96 Number of ordinary shares : 217 665 Aggregate consideration : R 12 398 198.40 Extent of interest : Direct beneficial The above transaction was done on-market. Name of director : Ronald Fasol Company : Irvin & Johnson Holding Company Limited Date of transaction : 8 October 2012 Class of securities : Ordinary shares Nature of transaction : Acceptance of shares awarded in terms of the AVI Limited Out-Performance Scheme Price per share at time of allocation : R18.61 Number of ordinary shares : 100 000 Aggregate consideration : R 1 861 000.00 Extent of interest : Direct beneficial The above transaction was done off-market. Name of director : Ronald Fasol Company : Irvin & Johnson Holding Company Limited Date of transaction : 8 October 2012 Class of securities : Ordinary shares Nature of transaction : Sale of shares accepted as above Price per share : R56.96 Number of ordinary shares : 100 000 Aggregate consideration : R 5 696 000.00 Extent of interest : Direct beneficial The above transaction was done on-market. Clearance to deal in these shares was obtained in accordance with AVI’s policy with regard to directors’ dealings as well as the Listings Requirements of the JSE. Illovo Sandton 10 October 2012 Sponsor The Standard Bank of South Africa Limited Date: 10/10/2012 05:00:00 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.