AVI LIMITED - Dealing in AVI Shares by AVI Directors

Dealing in AVI Shares by AVI Directors

AVI Limited
(Incorporated in the Republic of South Africa)
Registration Number 1944/017201/06
Share Code: AVI
ISIN: ZAE000049433
(“AVI or “the Company”)

DEALING IN AVI SHARES BY AVI DIRECTORS

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          :        Mr OP Cressey
Date of transaction       :        8 April 2016
Class of securities       :        Ordinary shares
Nature of transaction     :        Sale of ordinary shares in the market
Price per share           :        R90.00
Number of ordinary shares :        60 000
Aggregate consideration :          R 5 400 000.00
Extent of interest        :        Direct beneficial


Name of director              :   Mr M Koursaris
Date of transaction           :   8 April 2016
Strike price and exercise
price per option              :   R45.49
Number of ordinary shares     :   39 832
Aggregate consideration       :   R 1 811 957.68
Class of securities           :   Options in respect of ordinary
                                  shares
Nature of transaction         :   Exercise of options granted in
                                  April 2012
Extent of interest            :   Direct beneficial

The above transaction was done off-market.

Director                      :   Mr M Koursaris
Date of transaction           :   8 April 2016
Price per unit                :   R88.00
Number of ordinary shares     :   39 832
Aggregate consideration       :   R 3 505 216.00
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            :   Mr M Koursaris
Date of transaction         :   8 April 2016
Strike price and exercise
price per option            :   R55.88
Number of ordinary shares   :   29 766
Aggregate consideration     :   R 1 663 324.08
Class of securities         :   Options in respect of ordinary
                                shares
Nature of transaction       :   Exercise of options granted in
                                April 2013
Extent of interest          :   Direct beneficial

The above transaction was done off-market.

Director                    :   Mr M Koursaris
Date of transaction         :   8 April 2016
Price per unit              :   R88.00
Number of ordinary shares   :   29 766
Aggregate consideration     :   R 2 619 408.00
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.

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
11 April 2016

Sponsor
The Standard Bank of South Africa Limited

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