AVI LIMITED - Acceptance of share options by an AVI director and directors of a major subsidiary

Acceptance of share options by an AVI director and directors of a major subsidiary

AVI Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1944/017201/06)
Share Code: AVI
ISIN: ZAE000049433
(“AVI”)

ACCEPTANCE OF SHARE OPTIONS BY AN AVI DIRECTOR AND DIRECTORS OF
A MAJOR SUBSIDIARY

In compliance with sections 3.63 – 3.74 of the Listings
Requirements of the JSE Limited, the following information is
disclosed:

Director                     :   Simon Crutchley
Company                      :   AVI
Date of transaction          :   27 June 2013
Nature of transaction        :   Acceptance of options in the AVI
                                 Executive Share Incentive Scheme
Class of securities          :   Options in respect of ordinary
                                 shares
Number of options granted    :   231 299
Option allocation price      :   R55.88
Total value of transaction   :   R12,924,988.12
Vesting period               :   3 years
Nature and extent of
Director’s interest          :   Direct beneficial
On-market or off-market      :   Off-market
Clearance obtained           :   Yes

Director                     :   Keith Phillips
Company                      :   National Brands Limited
Date of transaction          :   27 June 2013
Nature of transaction        :   Acceptance of options in the AVI
                                 Executive Share Incentive Scheme
Class of securities          :   Options in respect of ordinary
                                 shares
Number of options granted    :   35 185
Option allocation price      :   R55.88
Total value of transaction   :   R1,966,137.80
Vesting period               :   3 years
Nature and extent of
Director’s interest          :   Direct beneficial
On-market or off-market      :   Off-market
Clearance obtained           :   Yes
Director                     :   David Hood
Company                      :   National Brands Limited
Date of transaction          :   27 June 2013
Nature of transaction        :   Acceptance of options in the AVI
                                 Executive Share Incentive Scheme
Class of securities          :   Options in respect of ordinary
                                 shares
Number of options granted    :   98 141
Option allocation price      :   R55.88
Total value of transaction   :   R5,484,119.08
Vesting period               :   3 years
Nature and extent of
Director’s interest          :   Direct beneficial
On-market or off-market      :   Off-market
Clearance obtained           :   Yes


Illovo
27 June 2013
Sponsor
The Standard Bank of South Africa Limited

Date: 27/06/2013 09:00:00 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.