Acceptance of Share Options by AVI Directors, Directors of Major Subsidiaries and the AVI Company Secretary 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, DIRECTORS OF MAJOR SUBSIDIARIES AND THE AVI COMPANY SECRETARY 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 : 9 October 2020 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 : 29 496 Option allocation price : R74.52 Total value of transaction : R2,198,041.92 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Director : Owen Cressey Company : AVI Date of transaction : 9 October 2020 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 : 11 128 Option allocation price : R74.52 Total value of transaction : R829,258.56 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 : 9 October 2020 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 : 8 010 Option allocation price : R74.52 Total value of transaction : R596,905.20 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Director : David Hood Company : National Brands Limited Date of transaction : 9 October 2020 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 : 12 301 Option allocation price : R74.52 Total value of transaction : R916,670.52 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Director : Gaynor Poretti Company : National Brands Limited Date of transaction : 9 October 2020 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 : 11 614 Option allocation price : R74.52 Total value of transaction : R865,475.28 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 : 9 October 2020 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 : 4 520 Option allocation price : R74.52 Total value of transaction : R336,830.40 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Director : Jonty Jankovich-Besan Company : Irvin & Johnson Holding Company (Pty) Ltd Date of transaction : 9 October 2020 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 : 1 679 Option allocation price : R74.52 Total value of transaction : R125,119.08 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Director : Brendon Lucke Company : Irvin & Johnson Holding Company (Pty) Ltd Date of transaction : 9 October 2020 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 : 1 319 Option allocation price : R74.52 Total value of transaction : R98,291.88 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 : Sureya Scheepers Company : AVI Date of transaction : 9 October 2020 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 : 771 Option allocation price : R74.52 Total value of transaction : R57,454.92 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Illovo 9 October 2020 Sponsor The Standard Bank of South Africa Limited Date: 09-10-2020 01:03:00 Produced by the JSE SENS Department. 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