AVI LIMITED - Directors' dealing

Directors' dealing

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

DEALING IN AVI SHARES BY A DIRECTOR OF A MAJOR SUBSIDIARY

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            :   Keith Phillips
Company                     :   National Brands Limited
Date of transaction         :   10 September 2014
Strike price and exercise
price per option            :   R29.38
Number of ordinary shares   :   8 000
Aggregate consideration     :   R 235 040.00
Class of securities         :   Options in respect of ordinary
                                shares
Nature of transaction       :   Exercise of options granted in
                                April 2011
Extent of interest          :   Direct beneficial

The above transaction was done off-market.

Name of Director            :   Keith Phillips
Company                     :   National Brands Limited
Date of transaction         :   10 September 2014
Price per unit              :   R64.36
Number of ordinary shares   :   8 000
Aggregate consideration     :   R 514 880.00
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.

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
10 September 2014

Sponsor
The Standard Bank of South Africa Limited

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