AVI LIMITED - Dealings in securities

Dealings in securities

AVI Limited
Registration Number: 1944/017201/06
Share Code: AVI
ISIN: ZAE000049433
(“AVI” or “the Company”)

DEALING IN AVI SHARES BY AVI DIRECTORS

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             :   Simon Crutchley
Name of company              :   AVI
Date of transaction          :   18 December 2020
Number of options granted    :   27 185
Option allocation price      :   R97.55
Total value of transaction   :   R2 651 896.75
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             :   Simon Crutchley
Name of company              :   AVI
Date of transaction          :   18 December 2020
Number of options granted    :   27 185
Price per share              :   R75.00
Total value of transaction   :   R2 038 875.00
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             :   Simon Crutchley
Name of company              :   AVI
Date of transaction          :   18 December 2020
Number of options granted    :   13 870
Option allocation price      :   R98.57
Total value of transaction   :   R1 367 165.90
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             :   Simon Crutchley
Name of company              :   AVI
Date of transaction          :   18 December 2020
Number of options granted    :   13 870
Price per share              :   R74.50
Total value of transaction   :   R 1 033 315.00
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             :   Michael Koursaris
Name of company              :   AVI
Date of transaction          :   17 December 2020
Number of options granted    :   24 411
Option allocation price      :   R98.57
Total value of transaction   :   R2 406 192.27
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             :   Michael Koursaris
Name of company              :   AVI
Date of transaction          :   18 December 2020
Number of options granted    :   24 411
Price per share              :   R74.99
Total value of transaction   :   R 1 830 580.89
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 December 2020

Sponsor
The Standard Bank of South Africa Limited

Date: 21-12-2020 03:00:00
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