AVI LIMITED - Dealings in Securities

Dealings in Securities

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 DIRECTORS AND DIRECTORS OF
MAJOR SUBSIDIARIES

In compliance with sections 3.63 – 3.74 of the Listings
Requirements of the JSE Limited, the following information is
disclosed:

Director                     :   Simon Crutchley
Company                      :   AVI
Date of transaction          :   17 June 2025
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    :   457 497
Option allocation price      :   R89.87
Total value of transaction   :   R41,115,255.39
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          :   17 June 2025
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    :   189 916
Option allocation price      :   R89.87
Total value of transaction   :   R17,067,750.92
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
Company                      :   National Brands Limited
Date of transaction          :   17 June 2025
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    :   41 953
Option allocation price      :   R89.87
Total value of transaction   :   R3,770,316.11
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
Company                      :   Irvin & Johnson Holding Company
                                 (Pty) Ltd
Date of transaction          :   17 June 2025
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    :   108 048
Option allocation price      :   R89.87
Total value of transaction   :   R9,710,273.76
Vesting period               :   3 years
Nature and extent of
Director's interest          :   Direct beneficial
On-market or off-market      :   Off-market
Clearance obtained           :   Yes


Illovo
17 June 2025

Sponsor
The Standard Bank of South Africa Limited

Date: 17-06-2025 03:45:00
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