Results of Annual General Meeting AVI Limited Registration Number 1944/017201/06 Share Code: AVI ISIN: ZAE000049433 (“AVI” or “Company”) RESULTS OF ANNUAL GENERAL MEETING Shareholders are advised that the voting results for the Annual General Meeting (“AGM”) of AVI held at 11h00 on Thursday, 5 November 2020 were as follows: Resolution Resolution Number of Percentage For*** Against*** Abstained* shares voted of shares Number % % % in issue* % 1 Ordinary resolution 279 137 430 82.95 100.00 0.00 0.41 Approval of annual financial statements 2 Ordinary resolution 279 550 984 83.07 99.96 0.04 0.28 Re-appointment of Ernst & Young Inc. as the external auditors 3 Ordinary resolution 271 990 678 80.83 92.14 7.86 2.53 Re-election of GR Tipper as a director 4 Ordinary resolution 279 551 954 83.08 92.06 7.94 0.28 Re-election of MJ Bosman as a director 5 Ordinary resolution 279 551 954 83.08 98.01 1.99 0.28 Re-election of OP Cressey as a director 6 Ordinary resolution 273 864 429 81.39 93.00 7.00 1.97 Appointment of MJ Bosman as a member and Chairman of the Audit and Risk Committee 7 Ordinary resolution 279 551 954 83.08 98.87 1.13 0.28 Appointment of A Muller as a member of the Audit and Risk Committee 8 Special resolution 279 560 609 83.08 99.86 0.14 0.28 Increase in fees payable to non- executive directors, excluding the Chairman of the Board and foreign non- executive director 9 Special resolution 279 558 103 83.08 98.55 1.45 0.28 Increase in fees payable to the Chairman of the Board 10 Special resolution 279 557 903 83.08 98.55 1.45 0.28 Increase in fees payable to the foreign non-executive director 11 Special resolution 279 558 103 83.08 99.86 0.14 0.28 Increase in fees payable to members of the Remuneration, Nomination and Appointments Committee 12 Special resolution 279 558 103 83.08 99.86 0.14 0.28 Increase in fees payable to members of the Audit and Risk Committee 13 Special resolution 279 558 103 83.08 99.86 0.14 0.28 Increase in fees payable to members of the Social and Ethics Committee 14 Special resolution 279 558 103 83.08 99.86 0.14 0.28 Increase in fees payable to the Chairman of the Remuneration, Nomination and Appointments Committee 15 Special resolution 279 558 103 83.08 99.86 0.14 0.28 Increase in fees payable to the Chairman of the Audit and Risk Committee 16 Special resolution 279 560 703 83.08 99.86 0.14 0.28 Increase in fees payable to the Chairman of the Social and Ethics Committee 17 Special resolution 273 036 057 82.84** 99.93 0.07 0.34** General authority to buy-back shares 18 Special resolution 279 553 120 83.08 97.44 2.56 0.28 Authority to provide financial assistance 19 Ordinary Resolution 279 545 101 83.07 92.16 7.84 0.29 Non-binding advisory vote to endorse the remuneration policy Ordinary Resolution 20 265 974 385 79.04 91.90 8.10 4.32 Non-binding advisory vote to endorse the implementation report *Based on 336 504 469 shares in issue at the date of the AGM. **Based on 329 607 452 shares (excludes 6 897 017 share scheme shares) in issue at the date of the AGM. ***In relation to the total number of shares voted at the AGM. Based on the above results, all resolutions were passed by the requisite majority of AVI shareholders present in person or represented by proxy at the AGM. Illovo Sandton 5 November 2020 Sponsor The Standard Bank of South Africa Limited Date: 05-11-2020 02:40:00 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.