Dealing in Avior Holdings securities by directors and/or their associates AVIOR CAPITAL MARKETS HOLDINGS LIMITED (previously Jamispan Proprietary Limited) Incorporated in the Republic of South Africa Registration number: 2015/086358/06 JSE Share Code: AVR ISIN: ZAE000211637 (“Avior Holdings” or “the Company”) DEALING IN AVIOR HOLDINGS SECURITIES BY DIRECTORS AND/OR THEIR ASSOCIATES Shareholders of Avior Holdings (“Shareholders”) are referred to the announcement published by the Company on the JSE Limited’s (“JSE”) Stock Exchange News Service dated 13 March 2018, in terms of which the Company advised Shareholders of the adoption of the Avior Holdings Employee Retention Plan (“Retention Plan”) and the Avior Holdings Employee Performance and Retention Plan (“Performance Plan”), both being share incentive schemes complying with Schedule 14 of the JSE Listings Requirements (“Avior Holdings Employee Plans”). Shareholders are further advised that, in terms of the Avior Holdings Employee Plans, the total value of an award and the number of shares vesting in terms thereof are subject to the prevailing market value of the Company’s share price on the relevant vesting date and the tax calculations provided for in the Avior Holdings Employee Plans. In compliance with paragraph 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information is disclosed regarding the dealing in Avior Holdings securities by the directors of the Company and/or their associates pursuant to the Avior Holdings Employee Plans: 1. RETENTION PLAN NAME OF THE DIRECTOR: Justin Charles Larsen COMPANY OF WHICH I AM A DIRECTOR: Avior Capital Markets Holdings Limited STATUS: EXECUTIVE / NON-EXECUTIVE: Financial Director TYPE OF SECURITY: Shares CLASS OF SECURITY: Ordinary Shares DATE OF THE TRANSACTION 5 September 2018 NUMBER OF SHARES: (Deemed Number) 122 221 PRICE PER SHARE: (Assuming Prevailing Share Price) R0.35 TOTAL VALUE OF TRANSACTION: (Deemed Value) R42 777.35 VESTING DATES: 6 August 2021 6 August 2022 6 August 2023 NATURE OF TRANSACTION: Acceptance of award under the Retention Plan (On-market transaction) NATURE AND EXTENT OF DIRECTOR’S INTEREST Direct beneficial IN THE TRANSACTION: CONFIRMATION THAT CLEARANCE HAS BEEN Yes, clearance has been granted GIVEN IN TERMS OF PARAGRAPH 3.66 OF THE JSE LISTINGS REQUIREMENTS 2. PERFORMANCE PLAN NAME OF THE DIRECTOR: Justin Charles Larsen COMPANY OF WHICH I AM A DIRECTOR: Avior Capital Markets Holdings Limited STATUS: EXECUTIVE / NON-EXECUTIVE: Financial Director TYPE OF SECURITY: Shares CLASS OF SECURITY: Ordinary Shares DATE OF THE TRANSACTION 5 September 2018 NUMBER OF SHARES: (Deemed Number) 183 332 PRICE PER SHARE: (Assuming Prevailing Share Price) R0.35 TOTAL VALUE OF TRANSACTION: (Deemed Value) R64 166.20 VESTING DATES: 6 August 2021 6 August 2022 6 August 2023 NATURE OF TRANSACTION: Acceptance of award under the Performance Plan (On-market transaction) NATURE AND EXTENT OF DIRECTOR’S INTEREST Direct beneficial IN THE TRANSACTION: CONFIRMATION THAT CLEARANCE HAS BEEN Yes, clearance has been granted GIVEN IN TERMS OF PARAGRAPH 3.66 OF THE JSE LISTINGS REQUIREMENTS 3. ON-MARKET PURCHASE OF SHARES BY DIRECTORS NAME OF THE DIRECTOR: Peter Koutromanos COMPANY OF WHICH I AM A DIRECTOR: Avior Capital Markets Holdings Limited STATUS: EXECUTIVE / NON-EXECUTIVE: Chief Executive Officer TYPE OF SECURITY: Shares CLASS OF SECURITY: Ordinary Shares DATE OF THE TRANSACTION 7 September 2018 NUMBER OF SHARES: 17 952 PRICE PER SHARE: R0.35 TOTAL VALUE OF TRANSACTION: R6 283.20 NATURE OF TRANSACTION: Purchase of shares (Off-market transaction) NATURE AND EXTENT OF DIRECTOR’S INTEREST Indirect beneficial IN THE TRANSACTION: NAME OF THE ASSOCIATE: AND RELATIONSHIP Stately Horse Properties Proprietary Limited WITH DIRECTOR: Mr. Koutromanos is the sole director and an associate of the beneficial shareholder of Stately Horse Properties Proprietary Limited CONFIRMATION THAT CLEARANCE HAS BEEN Yes, clearance has been granted GIVEN IN TERMS OF PARAGRAPH 3.66 OF THE JSE LISTINGS REQUIREMENTS NAME OF THE DIRECTOR: Kevin Mattison COMPANY OF WHICH I AM A DIRECTOR: Avior Capital Markets Holdings Limited STATUS: EXECUTIVE / NON-EXECUTIVE: Managing Director TYPE OF SECURITY: Shares CLASS OF SECURITY: Ordinary Shares DATE OF THE TRANSACTION: 7 September 2018 NUMBER OF SHARES: 9 553 PRICE PER SHARE: R0.35 TOTAL VALUE OF TRANSACTION: R3 343.55 NATURE OF TRANSACTION: Purchase of Shares (Off-market transaction) NATURE AND EXTENT OF DIRECTOR’S INTEREST Direct beneficial IN THE TRANSACTION: CONFIRMATION THAT CLEARANCE HAS BEEN Yes, clearance has been granted GIVEN IN TERMS OF PARAGRAPH 3.66 OF THE JSE LISTINGS REQUIREMENTS Sandton 11 September 2018 Designated Advisor: Pallidus Capital Proprietary Limited Date: 11/09/2018 05:10:00 Produced by the JSE SENS Department. 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