Director's dealing in securities AVI Limited Registration Number 1944/017201/06 Share Code: AVI ISIN: ZAE000049433 (“AVI”) DEALINGS IN AVI SHARES BY AN AVI DIRECTOR 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 : Michael Koursaris Company : AVI Date of transaction : 23 October 2014 Strike price and exercise price per option : R32.43 Number of ordinary shares : 73 248 Aggregate consideration : R 2 375 432.64 Class of securities : Ordinary shares Nature of transaction : Acceptance of shares awarded in terms of the AVI Limited Out- Performance Scheme Extent of interest : Direct beneficial The above transaction was done off-market. Name of Director : Michael Koursaris Company : AVI Date of transaction : 23 October 2014 Price per unit : R68.50 Number of ordinary shares : 32 669 Aggregate consideration : R 2 237 826.50 Class of securities : Ordinary shares Nature of transaction : Sale of shares accepted above Extent of interest : Direct beneficial The above transaction was done on-market. Name of Director : Michael Koursaris Company : AVI Date of transaction : 24 October 2014 Price per unit : R68.50 Number of ordinary shares : 40 579 Aggregate consideration : R 2 779 661.50 Class of securities : Ordinary shares Nature of transaction : Sale of shares accepted above Extent of interest : Direct beneficial The above transaction was done on-market. Clearance to deal in these shares was obtained in accordance with AVI’s policy with regard to directors’ dealings as well as the Listings Requirements of the JSE. Illovo Sandton 27 October 2014 Sponsor The Standard Bank of South Africa Limited Date: 27/10/2014 11:15:00 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.