AVI LIMITED - Directors' dealings

Directors' dealings

AVI Limited
Registration Number 1944/017201/06)
Share Code: AVI
ISIN: ZAE000049433
(“AVI”)

DEALING IN AVI SHARES BY DIRECTORS OF AVI AND 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         :     Owen Cressey
Name of company          :     AVI Limited
Date of transaction      :     16 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          :    Owen Cressey
Name of company           :    AVI Limited
Date of transaction       :    16 October 2012
Class of securities       :    Ordinary shares
Nature of transaction     :    Sale of shares accepted as above
Price per share           :    R57.37
Number of ordinary shares :    100 000
Aggregate consideration :      R 5 737 000.00
Extent of interest        :    Direct beneficial

The above transaction was done on-market.

Name of director         :     Donnee MacDougall
Name of company          :     National Brands Limited
Date of transaction      :     15 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 :    4 000
Aggregate consideration :      R 74 440
Extent of interest        :    Direct beneficial

The above transaction was done off-market.
Name of director          :    Donnee MacDougall
Name of company           :    National Brands Limited
Date of transaction       :    15 October 2012
Class of securities       :    Ordinary shares
Nature of transaction     :    Sale of shares accepted as above
Price per share           :    R57.00
Number of ordinary shares :    4 000
Aggregate consideration :      R 228 000.00
Extent of interest        :    Direct beneficial

The above transaction was done on-market.

Name of director         :     Donnee MacDougall
Name of Company          :     National Brands Limited
Date of transaction      :     16 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 :    73 000
Aggregate consideration :      R 1 358 530.00
Extent of interest        :    Direct beneficial

The above transaction was done off-market.

Name of director          :    Donnee MacDougall
Name of Company           :    National Brands Limited
Date of transaction       :    15 October 2012
Class of securities       :    Ordinary shares
Nature of transaction     :    Sale of shares accepted as above
Price per share           :    R57.00
Number of ordinary shares :    73 000
Aggregate consideration :      R 4 161 000.00
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
17 October 2012

Sponsor
The Standard Bank of South Africa Limited

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