AVI LIMITED - Resignation of Independent Non-Executive Director

Resignation of Independent Non-Executive Director

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

RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR

The Board of Directors wishes to advise shareholders that Barry
Smith has resigned as a non-executive director of the Company
with effect from 30 October 2014. Mr Smith has been a Board
Member since March 2011 and a member of the Social and Ethics
Committee since August 2012.

The Board and management of the Company thank Mr Smith for his
valuable contribution to the Board and the Social and Ethics
Committee and wish him the very best in his retirement.

Gavin Tipper
Chairman of the Board

Illovo
Sandton
30 October 2014

Sponsor
The Standard Bank of South Africa Limited

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