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Dealing in AVI shares by a director of a major subsidiary

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Published: 2023-10-25 15:05:34 ET
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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             :   Gaynor Poretti
Name of company              :   National Brands Limited
Date of transaction          :   24 October 2023
Number of options granted    :   11 614
Option allocation price      :   R74.52
Total value of transaction   :   R865 475.28
Class of securities          :   Ordinary shares
Nature of transaction        :   Acceptance of shares awarded in
                                 terms of the AVI Deferred Bonus
                                 Share Plan
Extent of interest           :   Direct beneficial

The above transaction was done off-market.

Name of director             :   Gaynor Poretti
Name of company              :   National Brands Limited
Date of transaction          :   24 October 2023
Number of options granted    :   11 614
Price per share              :   R69.15
Total value of transaction   :   R803 108.10
Class of securities          :   Ordinary shares
Nature of transaction        :   Sale of shares accepted as above
Extent of interest           :   Direct beneficial

The above transaction was done on-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
25 October 2023

Sponsor
The Standard Bank of South Africa Limited