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Acceptance of Share Options by AVI Executive Directors, Directors of Major Subsidiaries, AVI Company Secretary, and Company Secretary of a Major Subsidiary
AVI Limited
(Incorporated in the Republic of South Africa)
Registration Number 1944/017201/06
Share Code: AVI
ISIN: ZAE000049433
(“AVI” or “the Company”)
ACCEPTANCE OF SHARE OPTIONS BY AVI EXECUTIVE DIRECTORS, DIRECTORS
OF MAJOR SUBSIDIARIES, AVI COMPANY SECRETARY, AND COMPANY
SECRETARY OF A MAJOR SUBSIDIARY
In compliance with sections 6.77 – 6.80 of the Listings
Requirements of the JSE Limited, the following information is
disclosed:
Director : Simon Crutchley
Company : AVI
Date of transaction : 5 October 2026
Nature of transaction : Acceptance of options in the AVI
Deferred Bonus Share Plan
Class of securities : Options in respect of ordinary
shares
Number of options granted : 101 627
Option allocation price : R83.85
Total value of transaction : R8 521 423.95
Vesting period : 3 years
Nature and extent of
Director’s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Justin O’Meara
Company : AVI
Date of transaction : 5 October 2026
Nature of transaction : Acceptance of options in the AVI
Deferred Bonus Share Plan
Class of securities : Options in respect of ordinary
shares
Number of options granted : 29 835
Option allocation price : R83.85
Total value of transaction : R2 501 664.75
Vesting period : 3 years
Nature and extent of
Director’s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Michael Koursaris
Company : AVI
Date of transaction : 5 October 2026
Nature of transaction : Acceptance of options in the AVI
Deferred Bonus Share Plan
Class of securities : Options in respect of ordinary
shares
Number of options granted : 37 068
Option allocation price : R83.85
Total value of transaction : R3 108 151.80
Vesting period : 3 years
Nature and extent of
Director’s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Roelf van der Laan
Major Subsidiary : National Brands Limited
Date of transaction : 5 October 2026
Nature of transaction : Acceptance of options in the AVI
Deferred Bonus Share Plan
Class of securities : Options in respect of ordinary
shares
Number of options granted : 4 388
Option allocation price : R83.85
Total value of transaction : R367 933.80
Vesting period : 3 years
Nature and extent of
Director’s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Roger Coppin
Major Subsidiary : Irvin & Johnson Holding Company
(Pty) Ltd
Date of transaction : 5 October 2026
Nature of transaction : Acceptance of options in the AVI
Deferred Bonus Share Plan
Class of securities : Options in respect of ordinary
shares
Number of options granted : 9 563
Option allocation price : R83.85
Total value of transaction : R801 857.55
Vesting period : 3 years
Nature and extent of
Director’s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Jeremy de Mink
Major Subsidiary : Irvin & Johnson Holding Company
(Pty) Ltd
Date of transaction : 4 October 2026
Nature of transaction : Acceptance of options in the AVI
Deferred Bonus Share Plan
Class of securities : Options in respect of ordinary
shares
Number of options granted : 4 637
Option allocation price : R83.85
Total value of transaction : R388 812.45
Vesting period : 3 years
Nature and extent of
Director’s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Company Secretary : Vivien Crystal
Company : AVI
Date of transaction : 5 October 2026
Nature of transaction : Acceptance of options in the AVI
Deferred Bonus Share Plan
Class of securities : Options in respect of ordinary
shares
Number of options granted : 7 473
Option allocation price : R83.85
Total value of transaction : R626 611.05
Vesting period : 3 years
Nature and extent of
Director’s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Company Secretary : Ashfaque Ahmed
Major Subsidiary : Irvin & Johnson Holding Company
(Pty) Ltd
Date of transaction : 2 October 2026
Nature of transaction : Acceptance of options in the AVI
Deferred Bonus Share Plan
Class of securities : Options in respect of ordinary
shares
Number of options granted : 1 337
Option allocation price : R83.85
Total value of transaction : R112 107.45
Vesting period : 3 years
Nature and extent of
Director’s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Justin O’Meara
Company : AVI
Date of transaction : 5 October 2026
Nature of transaction : Acceptance of options in the AVI
Revised Executive Share Incentive
Scheme
Class of securities : Options in respect of ordinary
shares
Number of options granted : 198 201
Option allocation price : R83.85
Total value of transaction : R16 619 153.85
Vesting period : 3 years
Nature and extent of
interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Simon Crutchley
Company : AVI
Date of transaction : 5 October 2026
Nature of transaction : Acceptance of options in the AVI
Out Performance Scheme
Class of securities : Options in respect of ordinary
shares
Number of options granted : 146 264
Option allocation price : R84.88
Total value of transaction : R12 414 888.32
Vesting period : 3 years
Nature and extent of
Director’s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Justin O’Meara
Company : AVI
Date of transaction : 5 October 2026
Nature of transaction : Acceptance of options in the AVI
Out Performance Scheme
Class of securities : Options in respect of ordinary
shares
Number of options granted : 50 204
Option allocation price : R84.88
Total value of transaction : R4 261 315.52
Vesting period : 3 years
Nature and extent of
Director’s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Director : Michael Koursaris
Company : AVI
Date of transaction : 5 October 2026
Nature of transaction : Acceptance of options in the AVI
Out Performance Scheme
Class of securities : Options in respect of ordinary
shares
Number of options granted : 62 375
Option allocation price : R84.88
Total value of transaction : R5 294 390.00
Vesting period : 3 years
Nature and extent of
Director’s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Company Secretary : Vivien Crystal
Company : AVI
Date of transaction : 5 October 2026
Nature of transaction : Acceptance of options in the AVI
Out Performance Scheme
Class of securities : Options in respect of ordinary
shares
Number of options granted : 28 573
Option allocation price : R84.88
Total value of transaction : R2 425 276.24
Vesting period : 3 years
Nature and extent of
Director’s interest : Direct beneficial
On-market or off-market : Off-market
Clearance obtained : Yes
Illovo
5 October 2026
Sponsor
The Standard Bank of South Africa Limited
Date: 05/10/2026 03:57:00
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