Acceptance of share options AVI Limited (Incorporated in the Republic of South Africa) (Registration Number 1944/017201/06) Share Code: AVI ISIN: ZAE000049433 (“AVI”) ACCEPTANCE OF SHARE OPTIONS BY AVI DIRECTORS, DIRECTORS OF MAJOR SUBSIDIARIES AND THE AVI COMPANY SECRETARY In compliance with sections 3.63 – 3.74 of the Listings Requirements of the JSE Limited, the following information is disclosed: Director : Simon Crutchley Company : AVI Date of transaction : 8 October 2018 Nature of transaction : Acceptance of options in the AVI Deferred Bonus Share Plan Class of securities : Options in respect of ordinary shares Number of options granted : 73 898 Option allocation price : R106.84 Total value of transaction : R7,895,262.32 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Director : Owen Cressey Company : AVI Date of transaction : 8 October 2018 Nature of transaction : Acceptance of options in the AVI Deferred Bonus Share Plan Class of securities : Options in respect of ordinary shares Number of options granted : 31 490 Option allocation price : R106.84 Total value of transaction : R3,364,391.60 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Director : Michael Koursaris Company : AVI Date of transaction : 8 October 2018 Nature of transaction : Acceptance of options in the AVI Deferred Bonus Share Plan Class of securities : Options in respect of ordinary shares Number of options granted : 22 505 Option allocation price : R106.84 Total value of transaction : R2,404,434.20 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Director : David Hood Company : National Brands Limited Date of transaction : 8 October 2018 Nature of transaction : Acceptance of options in the AVI Deferred Bonus Share Plan Class of securities : Options in respect of ordinary shares Number of options granted : 7 467 Option allocation price : R106.84 Total value of transaction : R797,774.28 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Director : Keith Phillips Company : National Brands Limited Date of transaction : 8 October 2018 Nature of transaction : Acceptance of options in the AVI Deferred Bonus Share Plan Class of securities : Options in respect of ordinary shares Number of options granted : 1 291 Option allocation price : R106.84 Total value of transaction : R137,930.44 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Director : Gaynor Poretti Company : National Brands Limited Date of transaction : 8 October 2018 Nature of transaction : Acceptance of options in the AVI Deferred Bonus Share Plan Class of securities : Options in respect of ordinary shares Number of options granted : 4 391 Option allocation price : R106.84 Total value of transaction : R469,134.44 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Director : Jonty Jankovich-Besan Company : Irvin & Johnson Holding Company (Pty) Ltd Date of transaction : 8 October 2018 Nature of transaction : Acceptance of options in the AVI Deferred Bonus Share Plan Class of securities : Options in respect of ordinary shares Number of options granted : 7 972 Option allocation price : R106.84 Total value of transaction : R851,728.48 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Director : Brendon Lucke Company : Irvin & Johnson Holding Company (Pty) Ltd Date of transaction : 8 October 2018 Nature of transaction : Acceptance of options in the AVI Deferred Bonus Share Plan Class of securities : Options in respect of ordinary shares Number of options granted : 4 753 Option allocation price : R106.84 Total value of transaction : R507,810.52 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Company Secretary : Sureya Scheepers Company : AVI Date of transaction : 8 October 2018 Nature of transaction : Acceptance of options in the AVI Deferred Bonus Share Plan Class of securities : Options in respect of ordinary shares Number of options granted : 1 414 Option allocation price : R106.84 Total value of transaction : R151,071.76 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Illovo 8 October 2018 Sponsor The Standard Bank of South Africa Limited Date: 08/10/2018 11:30:00 Produced by the JSE SENS Department. 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