Notice in terms of section 122(3)(b)of the Companies Act and paragraph 3.83(b) of the JSE Listings Requirements AVI Limited Registration Number 1944/017201/06 Share Code: AVI ISIN: ZAE000049433 (“AVI”) NOTICE TO SHAREHOLDERS OF AVI IN TERMS OF SECTION 122(3)(B)OF THE COMPANIES ACT AND PARAGRAPH 3.83(B) OF THE JSE LISTINGS REQUIREMENTS In terms of section 122 of the Companies Act 71 of 2008 (“the Companies Act”), if a company receives notification from any shareholder that has either acquired or disposed of a beneficial interest in sufficient number of shares in the company such that, as a result of the acquisition or disposal (as the case may be) the shareholder’s beneficial interest in shares moves above or below 5% or any multiple of 5% of the issued shares in the company, the acquisition or disposal (as the case may be) needs to be disclosed to shareholders. In compliance with section 122(3)(b) of the Companies Act and paragraph 3.83(b) of the Listing Requirements of the JSE Limited, shareholders are advised that AVI has received notification from Liberty Life Group Limited (“Liberty”) of the disposal by Liberty of AVI shares, such that Liberty’s total beneficial interest in AVI has moved from above 5% to below 5% of AVI‘s issued shares and now stands at 4.61% of AVI’s issued shares. Illovo Sandton 21 November 2013 Sponsor The Standard Bank of South Africa Limited Date: 21/11/2013 08:56:00 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.