AVI Limited Registration Number 1944/017201/06 Share Code: AVI ISIN: ZAE000049433 (“AVI” or “Company”) RESULTS OF ANNUAL GENERAL MEETING Shareholders are advised that the voting results for the Annual General Meeting (“AGM”) of AVI held at 11h00 on Wednesday, 8 November 2023 were as follows: Resolution Resolution Number of Percentage For*** Against*** Abstained* shares voted of shares Number % % % in issue* % 1 Ordinary resolution 274 569 557 80.15 100.00 0.00 0.42 Adoption of annual financial statements 2 Ordinary resolution 272 174 777 80.32 99.78 0.22 0.24 Re-appointment of Ernst & Young Inc. as the external auditors 3 Ordinary resolution 272 173 024 80.32 98.79 1.21 0.24 Re-election of Mrs A Muller as a director 4 Ordinary resolution 272 174 777 80.32 97.79 2.21 0.24 Re-election of Mr M Koursaris as a director 5 Ordinary resolution 272 173 024 80.32 99.29 0.71 0.24 Election of Mr MJ Watters as a director 6 Ordinary resolution 272 173 024 80.32 99.55 0.45 0.24 Election of Mr SG Robinson as a director 7 Ordinary resolution 272 173 024 80.32 100.00 0.00 0.24 Election of Ms MR Mouyeme as a director 8 Ordinary resolution 272 173 024 80.32 99.55 0.45 0.24 Appointment of Mr SG Robinson as a member and Chairman of the Audit and Risk Committee 9 Ordinary resolution 272 173 024 80.32 98.85 1.15 0.24 Appointment of Mrs A Muller as a member of the Audit and Risk Committee 10 Ordinary resolution 272 173 024 80.32 97.10 2.90 0.24 Appointment of Ms MR Mouyeme as a member of the Audit and Risk Committee 11 This resolution was withdrawn and - - - - - therefore not voted on 12 This resolution was withdrawn and - - - - - therefore not voted on 13 This resolution was withdrawn and - - - - - therefore not voted on 14 This resolution was withdrawn and - - - - - therefore not voted on 15 This resolution was withdrawn and - - - - - therefore not voted on 16 This resolution was withdrawn and - - - - - therefore not voted on 17 This resolution was withdrawn and - - - - - therefore not voted on 18 This resolution was withdrawn and - - - - - therefore not voted on 19 Special resolution 271 608 301 80.16 99.60 0.40 0.41 Increase in fees payable to non- executive directors, excluding the Chairman of the Board 20 Special resolution 271 615 429 80.16 99.86 0.14 0.40 Increase in fees payable to the Chairman of the Board 21 Special resolution 271 608 301 80.16 99.86 0.14 0.41 Increase in fees payable to members of the Remuneration, Nomination and Appointments Committee 22 Special resolution 271 608 301 80.16 99.86 0.14 0.41 Increase in fees payable to members of the Audit and Risk Committee 23 Special resolution 271 608 301 80.16 99.86 0.14 0.41 Increase in fees payable to non- executive members of the Social and Ethics Committee 24 Special resolution 271 608 301 80.16 99.86 0.14 0.41 Increase in fees payable to the Chairman of the Remuneration, Nomination and Appointments Committee 25 Special resolution 271 612 899 80.16 99.86 0.14 0.40 Increase in fees payable to the Chairman of the Audit and Risk Committee 26 Special resolution 271 612 899 80.16 99.53 0.47 0.40 Increase in fees payable to the Chairman of the Social and Ethics Committee 27 Special resolution 272 086 649 80.30 96.62 3.38 0.26 Fees payable to the foreign non- executive director, Mr MJ Watters 28 Special resolution 272 078 245 80.30 95.22 4.78 0.27 Fees payable to the Chairman of the Board, should the Chairman be a foreign non-executive director 29 Special resolution 272 078 245 80.30 96.63 3.37 0.27 Fees payable to the members of the Audit and Risk Committee, should the member be a foreign non-executive director 30 Special resolution 272 078 245 80.30 96.63 3.37 0.27 Fees payable to the members of the Remuneration, Nomination and Appointments Committee, should the member be a foreign non-executive director 31 Special resolution 272 078 245 80.30 96.63 3.37 0.27 Fees payable to the members of the Social and Ethics Committee, should the member be a foreign non-executive director 32 Special resolution 264 485 070 78.05** 99.67 0.33 0.24** General authority to buy-back shares 33 Ordinary Resolution 272 069 499 80.29 65.16 34.84 0.27 Non-binding advisory vote to endorse the remuneration policy Ordinary Resolution 34 264 270 495 77.99 33.57 66.43 2.57 Non-binding advisory vote to endorse the implementation report *Based on 338 845 070 shares in issue at the date of the AGM. **Based on 330 759 793 shares (excludes 8 085 277 share scheme shares) in issue at the date of the AGM. ***In relation to the total number of shares voted at the AGM. Based on the above results, all resolutions were passed by the requisite majority of AVI shareholders present in person or represented by proxy at the AGM, except for resolution 34. Resolutions 11 to 18 were withdrawn at the AGM and not voted on. The non-binding advisory resolutions 33 and 34 (the remuneration policy and the remuneration implementation report, respectively) were voted against by more than 25% of AVI’s shareholders present in person or represented by proxy at the AGM (“dissenting shareholders”). The Board invites those dissenting shareholders to engage with the Company in the following manner: 1. Shareholders are invited to forward their concerns/questions on the remuneration policy and the remuneration implementation report to the Group Company Secretary in writing to sureyas@avi.co.za. 2. Following the responses received from shareholders in accordance with the above, appropriate engagements will be scheduled at a suitable date and time and communicated to shareholders. Illovo Sandton 8 November 2023 Sponsor The Standard Bank of South Africa Limited