AVI LIMITED - Dealings in securities

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


DEALING IN AVI SHARES BY A DIRECTOR OF A MAJOR SUBSIDIARY


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             :   Roelf van der Laan

Name of company              :   National Brands Limited
Date of transaction          :   15 October 2020
Number of options granted    :   3 274
Option allocation price      :   R97.55
Total value of transaction   :   R319 378.70
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             :   Roelf van der Laan

Name of Company              :   National Brands Limited
Date of transaction          :   15 October 2020
Number of options granted    :   2 449
Price per share              :   R76.65
Total value of transaction   :   R 187 715.85
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             :   Roelf van der Laan

Name of Company              :   National Brands Limited
Date of transaction          :   15 October 2020
Number of options granted    :   825
Price per share              :   R74.31
Total value of transaction   :   R 61 305.75
Class of securities          :   Ordinary shares

Nature of transaction        :   Transfer of shares in terms of the

                                 options exercised above
Extent of interest           :   Direct beneficial

The above transaction was done off-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
16 October 2020

Sponsor
The Standard Bank of South Africa Limited

Date: 16-10-2020 11:30:00

Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.