AVI LIMITED - Dealing In AVI Shares By A Director Of A Major Subsidary

Dealing In AVI Shares By A Director Of A Major Subsidary

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 A DIRECTOR OF A MAJOR SUBSIDARY


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            :   Gaynor Poretti
Company                     :   National Brands Limited
Date of transaction         :   13 December 2017
Strike price and exercise
price per option            :   R65.46
Number of ordinary shares   :   68 868
Aggregate consideration     :   R 4 508 099.28
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            :   Gaynor Poretti
Date of transaction         :   13 December 2017
Price per unit              :   R99.47
Number of ordinary shares   :   68 868
Aggregate consideration     :   R 6 850 299.96
Class of securities         :   Ordinary shares
Nature of transaction       :   Transfer of shares accepted as
                                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
14 December 2017

Sponsor
The Standard Bank of South Africa Limited

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