AVI LIMITED - Dealings in AVI Shares by AVI Directors

Dealings in AVI Shares by AVI Directors

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

DEALINGS 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             :   Justin O'Meara
Name of company              :   AVI Limited
Date of transaction          :   12 November 2025
Number of shares granted     :   36 069
Option allocation price      :   R73.43
Total value of transaction   :   R2 648 546.67
Class of securities          :   Ordinary shares
Nature of transaction        :   Acceptance of shares awarded in
                                 terms of the AVI Revised
                                 Executive Share Incentive Scheme
Extent of interest           :   Direct beneficial

The above transaction was done off-market.

Name of director             :   Justin O'Meara
Name of company              :   AVI Limited
Date of transaction          :   12 November 2025
Number of shares granted     :   36 069
Price per share              :   R102.36
Total value of transaction   :   R3 692 022.84
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             :   Simon Crutchley
Name of company              :   AVI Limited
Date of transaction          :   12 November 2025
Number of shares granted     :   285 266
Option allocation price      :   R72,99
Total value of transaction   :   R20 821 565,34
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 Limited
Date of transaction          :   12 November 2025
Number of shares granted     :   285 266
Price per share              :   R98,92
Total value of transaction   :   R28 218 512.72
Class of securities          :   Ordinary shares
Nature of transaction        :   Transfer of shares accepted into
                                 director's name
Extent of interest           :   Direct beneficial

The above transaction was done off-market.

Simon Crutchley elected to pay the tax owing and to transfer the
full award into his own name.

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
13 November 2025

Sponsor
The Standard Bank of South Africa Limited

Date: 13-11-2025 04:24:00
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