AVI LIMITED - Directors' dealings in securities

Directors' dealings in securities

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          :    Donnee MacDougall
Company                   :    National Brands Limited
Date of transaction       :    26 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 :    106 378
Aggregate consideration :      R 1 979 694.58
Extent of interest        :    Direct beneficial

The above transaction was done off-market.

Name of director          :    Donnee MacDougall
Company                   :    National Brands Limited
Date of transaction       :    26 October 2012
Class of securities       :    Ordinary shares
Nature of transaction     :    Transfer of shares accepted as above
Price per share           :    R59.76
Number of ordinary shares :    106 378
Aggregate consideration :      R 6 357 149.28
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       :    23 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 :    101 504
Aggregate consideration :      R 1 888 989.44
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       :    23 October 2012
Class of securities       :    Ordinary shares
Nature of transaction     :    Transfer of shares accepted as above
Price per share           :    R59.76
Number of ordinary shares :    101 504
Aggregate consideration :      R 6 065 879.04
Extent of interest        :    Direct beneficial

The above transaction was done off-market.

Name of director         :     Simon Crutchley
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 :    133 400
Aggregate consideration :      R2 482 574
Extent of interest        :    Direct beneficial

The above transaction was done off-market.

Name of director          :    Simon Crutchley
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           :    R57.00
Number of ordinary shares :    133 400
Aggregate consideration :      R 7 603 800.00
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
29 October 2012

Sponsor
The Standard Bank of South Africa Limited

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