Dealings by company secretary 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 THE COMPANY SECRETARY 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 company secretary : Sureya Scheepers Date of transaction : 5 October 2018 Strike price and exercise price per option : R25.88 Number of ordinary shares : 15 795 Aggregate consideration : R 408 774.60 Class of securities : Options in respect of ordinary shares Nature of transaction : Exercise of options granted in October 2011 in respect of the AVI Black Staff Empowerment Scheme Trust Extent of interest : Direct beneficial The above transaction was done off-market. Name of company secretary : Sureya Scheepers Date of transaction : 5 October 2018 Price per unit : R104.00 Number of ordinary shares : 15 795 Aggregate consideration : R 1 642 680.00 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 8 October 2018 Sponsor The Standard Bank of South Africa Limited Date: 08/10/2018 11:32:00 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.