AVI LIMITED - Dealings in securities

Dealings in securities

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

DEALING IN AVI SHARES BY A DIRECTOR OF AVI

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            :   Simon Crutchley
Date of transaction         :   24 March 2014
Strike price and exercise
price per option            :   R23.94
Number of ordinary shares   :   206 018
Aggregate consideration     :   R 4 932 070.92
Class of securities         :   Options in respect of ordinary
                                shares
Nature of transaction       :   Exercise of options granted in
                                April 2010
Extent of interest          :   Direct beneficial

The above transaction was done off-market.

Director                    :   Simon Crutchley
Date of transaction         :   24 March 2014
Price per unit              :   R55.80
Number of ordinary shares   :   206 018
Aggregate consideration     :   R 11 495 804.40
Class of securities         :   Ordinary shares
Nature of transaction       :   Sale of shares in terms of the
                                options exercised above
Extent of interest          :   Direct beneficial

The above transaction was done on-market.

Name of director            :   Simon Crutchley
Date of transaction         :   25 March 2014
Strike price and exercise
price per option            :   R23.94
Number of ordinary shares   :   55 230
Aggregate consideration     :   R 1 322 206.20
Class of securities         :   Options in respect of ordinary
                                shares
Nature of transaction       :   Exercise of options granted in
                                April 2010
Extent of interest          :   Direct beneficial
The above transaction was done off-market.

Director                    :   Simon Crutchley
Date of transaction         :   25 March 2014
Price per unit              :   R56.18
Number of ordinary shares   :   55 230
Aggregate consideration     :   R 3 102 821.40
Class of securities         :   Ordinary shares
Nature of transaction       :   Sale of shares in terms of the
                                options exercised above
Extent of interest          :   Direct beneficial

The above transaction was done on-market.

Name of director            :   Simon Crutchley
Date of transaction         :   25 March 2014
Strike price and exercise
price per option            :   R23.94
Number of ordinary shares   :   58 547
Aggregate consideration     :   R 1 401 615.18
Class of securities         :   Options in respect of ordinary
                                shares
Nature of transaction       :   Exercise of options granted in
                                April 2010
Extent of interest          :   Direct beneficial

The above transaction was done off-market.

Director                    :   Simon Crutchley
Date of transaction         :   25 March 2014
Price per unit              :   R56.08
Number of ordinary shares   :   58 547
Aggregate consideration     :   R 3 283 315.76
Class of securities         :   Ordinary shares
Nature of transaction       :   Transfer of shares in terms of the
                                options exercised above
Extent of interest          :   Direct beneficial

The above transaction was done off-market.

These sales relate to vested options that were due to lapse in
terms of AVI’s Executive Share Incentive Scheme rules on 31
March 2014. Simon Crutchley continues to hold 800 000 AVI
shares, after taking into consideration the transfer of 58 457
AVI shares as part of the above transactions, in his own name as
well as 724 197 AVI Executive Share Options and 212 258 AVI Out-
Performance Scheme options.
Clearance to deal in these shares was obtained in accordance
with AVI’s policy with regard to director’s dealings as well as
the Listings Requirements of the JSE.

Illovo
Sandton
26 March 2014

Sponsor
The Standard Bank of South Africa Limited

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