Dealing in AVI Shares by Directors of a Major Subsidiary AVI Limited Registration Number 1944/017201/06 Share Code: AVI ISIN: ZAE000049433 (“AVI” or “the Company”) DEALING IN AVI SHARES BY DIRECTORS OF MAJOR SUBSIDIARIES 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 : John Jankovich Besan Name of company : Irvin & Johnson Holding Company (Pty) Ltd Date of transaction : 20 October 2020 Number of options granted : 6 527 Option allocation price : R97.55 Total value of transaction : R636 708.85 Class of securities : Ordinary shares Nature of transaction : Exercise of options granted in terms of the AVI Deferred Bonus Share Plan Extent of interest : Direct beneficial The above transaction was done off-market. Name of Director : John Jankovich Besan Name of company : Irvin & Johnson Holding Company (Pty) Ltd Date of transaction : 20 October 2020 Number of options granted : 6 527 Price per share : R79.00 Total value of transaction : R 515 633.00 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 : Brendon Lucke Name of company : Irvin & Johnson Holding Company (Pty) Ltd Date of transaction : 20 October 2020 Number of options granted : 3 626 Option allocation price : R97.55 Total value of transaction : R353 716.30 Class of securities : Ordinary shares Nature of transaction : Exercise of options granted in terms of the AVI Deferred Bonus Share Plan Extent of interest : Direct beneficial The above transaction was done off-market. Name of Director : Brendon Lucke Name of company : Irvin & Johnson Holding Company (Pty) Ltd Date of transaction : 20 October 2020 Number of options granted : 3 626 Price per share : R77.49 Total value of transaction : R 280 978.74 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 : John Jankovich Besan Name of company : Irvin & Johnson Holding Company (Pty) Ltd Date of transaction : 20 October 2020 Number of options granted : 43 538 Option allocation price : R98.57 Total value of transaction : R4 291 540.66 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 : John Jankovich Besan Name of company : Irvin & Johnson Holding Company (Pty) Ltd Date of transaction : 20 October 2020 Number of options granted : 43 538 Price per share : R79.06 Total value of transaction : R 3 442 114.28 Class of securities : Ordinary shares Nature of transaction : Sale of shares accepted as above Extent of interest : Direct beneficial The above transaction was done on-market. Name of director : Roelf van der Laan Name of company : National Brands Ltd Date of transaction : 20 October 2020 Number of options granted : 27 739 Option allocation price : R98.57 Total value of transaction : R2 734 233.23 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 : Roelf van der Laan Name of company : National Brands Ltd Date of transaction : 20 October 2020 Number of options granted : 27 739 Price per share : R78.76 Total value of transaction : R 2 184 723.64 Class of securities : Ordinary shares Nature of transaction : Sale of shares accepted as 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 21 October 2020 Sponsor The Standard Bank of South Africa Limited Date: 21-10-2020 11:43:00 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.