AVI LIMITED - Trading Statement

Trading Statement

AVI Limited
(Registration number 1944/017201/06)
Share code: AVI
ISIN: ZAE000049433
(“AVI” or “the Group”)

               TRADING STATEMENT FOR THE SIX MONTHS ENDING 31 DECEMBER 2013

Shareholders are referred to the announcement released today concerning the revision of the commercial
relationship between Indigo Brands Proprietary Limited (“Indigo”) and the Coty Group (“Coty”). As a
consequence of the revised relationship Indigo will receive a one-off pre-tax payment of R150,0 million in
November 2013 which will be included in AVI’s consolidated earnings for the six months ending 31 December
2013 as a capital item.

The following statement is made in accordance with Section 3.4 (b) of the Listings Requirements of the JSE
Limited:

    -   Consolidated earnings per share for the continuing operations of the Group for the six months ending
        31 December 2013, including capital gains and losses, are expected to increase by more than 20%
        compared to the comparative period in the prior year; and

    -   Consolidated earnings per share for the total operations of the Group for the six months ended 31
        December 2013, including capital gains and losses, are expected to increase by more than 20%
        compared to the comparative period in the prior year.

AVI will release an updated trading statement in January 2014 confirming ranges for the increases in headline
and attributable earnings, once the Group has reasonable certainty in this regard.

It is expected that AVI will release its results for the six months ending 31 December 2013 on 10 March 2014.

The information on which this trading statement has been based has not been reviewed or reported on by the
Group’s auditors.

Illovo
7 November 2013

Sponsor                   The Standard Bank of South Africa Limited
Enquiries                 +(27) 11 502 1300

Date: 07/11/2013 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.