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 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 : 19 June 2023 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 : 511 125 Option allocation price : R66.48 Total value of transaction : R33,979,590.00 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 : 19 June 2023 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 : 214 125 Option allocation price : R66.48 Total value of transaction : R14,235,030.00 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 : 19 June 2023 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 : 49 652 Option allocation price : R66.48 Total value of transaction : R3,300,864.96 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Director : Simon Crutchley Company : AVI Date of transaction : 19 June 2023 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 : 159 194 Option allocation price : R63.58 Total value of transaction : R10,121,554.52 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Director : Justin O’Meara Company : AVI Date of transaction : 19 June 2023 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 : 51 003 Option allocation price : R63.58 Total value of transaction : R3,242,770.74 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 : 19 June 2023 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 : 80 371 Option allocation price : R63.58 Total value of transaction : R5,109,988.18 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 : 19 June 2023 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 : 21 659 Option allocation price : R63.58 Total value of transaction : R1,377,079.22 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 : 19 June 2023 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 : 20 767 Option allocation price : R63.58 Total value of transaction : R1,320,365.86 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 : 19 June 2023 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 : 24 022 Option allocation price : R63.58 Total value of transaction : R1,527,318.76 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 : 19 June 2023 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 : 17 706 Option allocation price : R63.58 Total value of transaction : R1,125,747.48 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 : 19 June 2023 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 : 13 722 Option allocation price : R63.58 Total value of transaction : R872,444.76 Vesting period : 3 years Nature and extent of Director’s interest : Direct beneficial On-market or off-market : Off-market Clearance obtained : Yes Illovo 19 June 2023 Sponsor The Standard Bank of South Africa Limited